The Bottom Line Companies can manipulate their balance sheets in many different ways, ranging from inventory accounting to contingent liabilities. The goal is to increase net income, which comes ...

A Note on Cost of Goods Sold How does "Cost of Goods Sold (CoGS)" tie in to the balance sheet? What is "Cost of Goods Sold" and how is it reported? The answer to this lies within the concept of ...

For the balance sheet, it's the total amount of income to be received that's logged into the books at the close of the fiscal year. Inventory is derived from the cost of goods table. It's the ...

How to calculate an inventory item on the balance sheet using First In, First Out (FIFO) and Last In, First Out (LIFO)—and consider the results of each inventory accounting method.

Reviewed by Chip Stapleton Fact checked by Suzanne Kvilhaug Despite major efforts by the Financial Accounting Standards Board ...