Revenue is recorded (booked) “when” it is both earned and realizable. Earned means the delivery process of the good or service is fulfilled by the seller. Realizable means the money is reasonably assured of being collected by the seller. […]
Last week, I shared a link to Jake Taylor’s interview of me with regard to “Choose Stocks Wisely.” During that interview, Jake asked me about my view as to “why” the balance sheet is so disregarded in the market relative to the attention given to earnings. I’m going to address this question again today in a bit more detail. […]
Since April 15 has come and gone for another year, I thought a post related to taxes was fitting today. Did you know that corporations file two income reports? […]
When it comes to assessing the value of a company today, the financial statements clearly play an essential role. Without the financials, we simply would not even have a place to start.
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