Latest Posts

 What is a sole proprietorship? A sole proprietorship is the business or an individual who has decided not to carry his business as a separa...

 What are partnerships and limited liability companies? Some business owners choose to create partnerships or limited liability companies in...

 What is a corporation? Most businesses start out as a small company, owned by one person or by a partnership. The most common type of busin...

 What is financial window dressing? Financial managers can do certain things to increase or decrease net income that's recorded in the y...

 Disclosure Financial statements are the backbone of a complete financial report. In fact, a financial report is not complete if the three p...

 What happened in corporate accounting scandals? When a corporation deliberately conceals or skews information to appear healthy and success...

 What is the Sarbanes-Oxley Act?  The Sarbanes-Oxley Act of 2002 is a United States federal law passed in response to the recent major corpo...