When a business borrows money, it typically goes to a bank to receive a loan. A business loan is often secured by collateral such as…
Extraordinary gains or losses are infrequent or rare business transactions that don’t reflect the normal day-to-day operations. On an income statement, extraordinary events arise that…
When we open up the financial statements and look into the balance sheet of an entity, we will notice that there are usually five major…
One of the components of financial statements is the statement of cash flow. It is responsible for telling users how cash moves in and out…
Current Portion of Long-Term Debt (CPLTD) is important to know if you’re a business owner. Accountants, financial analysts, and many other finance related professions deal…
Investment banking is one of the most rewarding careers on the planet. Although investment bankers can earn over $100,000 per year right out of college,…
Is it your dream to become the CFO of a company one day? If so, a career in corporate finance may be for you. Explore…
Interested in a career in commercial banking? It’s a great choice if you have a background in business or finance. Learn how to launch a…