Archive for the ‘Financial Statement Information’ Category

COST/PRICE MODEL: USE YOUR INCOME STATEMENT TO CHECK YOUR PRICES

Posted on: May 10th, 2014 by admin No Comments

Successful businesses set prices and then deliver services or produce goods at costs that are lower than these prices. The difference between the cost and the price creates the profit that the business earns as goods and services are sold. To price correctly, most companies develop some type of Cost/Price Model to estimate their costs, and then they apply […]

Compilation, Review, Audit- What’s the difference?

Posted on: December 10th, 2011 by admin No Comments

Compilation, Review, Audit- What’s the difference? As a business owner, you play many roles within your company including taking charge of day-to-day operations, generating new business and assuming the role of chief financial officer/controller. In the role of financial officer, you may be requested to supply financial statements prepared by an independent accountant.