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.
Other Comprehensive Income Explained: Impact on Financial Performance
Other comprehensive income refers to gains and losses not included in net income but reported in equity, providing a comprehensive view of financial performance.
Income Statement vs Balance Sheet: Understanding Financial Performance and Position
An income statement shows revenues & expenses, while a balance sheet lists assets, liabilities & equity for a specific period. Know the income statement vs balance sheet differences.
What is Conceptual Framework Accounting: Key to Global Financial Reporting
Conceptual Framework for Financial Reporting defines fundamental concepts for the preparation and presentation of useful financial information.
GAAP vs Non-GAAP: Key Differences and Their Effect on Financial Reporting
GAAP vs. Non-GAAP: What’s the Difference? Explore the key distinctions between Generally Accepted Accounting Principles (GAAP) and non-GAAP financial reporting measures.
What Is Segment Reporting? A Comprehensive Guide for Analyzing Business Performance
Segment reporting involves disclosing financial information about a company’s distinct operating segments, products, services, and geographic areas.
Currency Translation: Essential Guide for International Business Reporting
Accurate currency translation ensures precise exchange rates for businesses operating globally, mitigating financial risks and enabling seamless international transactions.