Stakeholders in a business need a way to conveniently assess the financial position of the firm. The balance sheet is a document designed to do just that. It provides a concise summary of everything a ...

Michael Schmidt, CFA, is a staff member of FINRA's Dispute Resolution Board with 20+ years of experience in the financial market. David Kindness is a Certified Public Accountant (CPA) and an expert in ...

When you buy cars, computers or buildings for your business, they count as assets on your financial statements. If you lease them, the accounting is more complicated. If you use what's called a ...

The estimate of benefit cashflows themselves is independent of current market conditions, so as yields rise the present value (liability) drops, and as yields fall, the present value increases.