Author: Tom Suozzi
Thomas Richard Suozzi (born August 31, 1962) is an accomplished U.S. politician and certified public accountant with extensive experience in public service and financial management. He is known for his pragmatic approach to fiscal policy and governance.
What is a Statement of Financial Position: Key to Business Finance
Discover what a statement of financial position is and its crucial role in assessing a company’s financial health. Learn how this key report aids decision-making.
What Is a Lease? Understanding Lease Agreements and Rental Contracts
Discover what a lease is and learn essential information about rental agreements. Find out your rights and responsibilities as a tenant or landlord.
Cost Flow Assumption: Understanding Inventory Valuation Method
Cost flow assumptions in accounting determine how inventory costs are allocated. Learn about FIFO, LIFO, and weighted average methods for financial reporting.
Understanding Fair Value: A Guide to Asset and Liability Valuation
Fair value is a crucial concept in accounting and finance, differing from market and carry value. Learn how it’s determined and its importance in financial reporting.
What is P/E Ratio: A Fundamental Tool for Evaluating Financial Metrics
Discover what P/E ratio is, how it’s calculated, and why it’s crucial for stock valuation. Learn to interpret this key financial metric for smarter investing.
Change in Accounting Principle: A Comprehensive Guide
Explore accounting changes and error corrections, including how a change in accounting principle impacts financial reporting and compliance with GAAP standards.