Discover what inventory means, its essential types like raw materials and finished goods, and strategies for effective inventory management to enhance your business’s efficiency.

Inventory errors affect your company's bottom line by painting an inaccurate picture of its financial performance and net worth. When mistakes are made in counting inventory, you don't get an accurate ...

Even though the income statement normally attracts the most attention from investors, the balance sheet is the true starting point for understanding a company’s financial position. It shows how much a ...

Inventory is recorded on your company's balance sheet as a short-term asset. The fixed period inventory system is a method you can use to record and track your company's inventory and adjust the ...

HAVE YOU EVER sat in your tax accountant's office for your annual review of your tax return and heard this somewhat common good news/bad news story? He'll say the good news is your sales are up and it ...

The memory chip industry has been booming for the past few years, and Micron (NASDAQ: MU) has taken advantage. The company has built up a large pile of cash on its balance sheet, partly the result of ...

A balance sheet is one of three financial documents that every investor should check when researching a company to invest in. The other two are an income statement, which looks at a company’s profits, ...