On a company’s income statement, also called its profit ... be a poor representation of profitability. One example: Generally accepted accounting principles, or GAAP, require that unrealized ...

David has helped thousands of clients improve their accounting ... the income statement, balance sheet, and statement of cash flows can be used to arrive at the same calculation. For example ...

David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of financial accounting, corporate and individual tax planning and preparation, and investing and retirement planning.