Michelle Alexander is a CPA and implementation consultant for Artificial Intelligence-powered financial risk discovery technology. She has a Master's of Professional Accounting from the University of Saskatchewan, and has worked in external audit compliance and various finance roles for Government and Big 4. In her...
If you are considering investing in a company, you need to be diligent about understanding these two aspects. The foundation of a company’s strategy may be solid and its prospects good, but a profitable long-term approach will not prevent it from going bankrupt within weeks...
You might also encounter the term as accumulated earnings, retained earnings, undistributed income, or income reserve - these all represent the same thing. Correcting the previous periods’ errors—miscalculations or omitted expenses—composite and accumulated profits through adjustment. This will make sure that the financial statements reflect...