You’ll also notice that the statement of cash flows is broken down into three sections—Cash Flow from Operating Activities, Cash Flow from Investing Activities, and Cash Flow from Financing Activities. Let’s look at what each section of the cash flow statement does. Companies can achieve positive cash flow by selling assets or taking on unreasonable […]

If you are new to HBS Online, you will be required to set up an account before starting an application for the program of your choice. We expect to offer our courses in additional languages in the future but, at this time, HBS Online can only be provided in English. A financial professional will offer […]

Double-entry accounting is also called balancing the books, as all of the accounting entries are balanced against each other. If the entries aren’t balanced, the accountant knows there must be a mistake somewhere in the general ledger. The difference between these two accounting methods is the treatment of accruals. Naturally, under the accrual method of […]

Meanwhile, the company’s total liabilities also increased from $150,000 in 2021 to $190,000 in 2022, primarily due to an increase in both current and non-current liabilities. This amount is required to be reported as a result of the accounting standard requirement. Amounts due from related parties are required to be present in military departments the […]