In order for a firm to be in compliance, it must prepare and maintain its books of accounts and financial statements on an accrual basis using a double-entry system. The accounting for each fiscal year gives an accurate and fair picture of the company’s financial situation and explains transactions A Company’s “Financial Statement” Must Include...Read More

Few mutual funds focus solely on the auto industry sector, but major automakers like Ford, Sony, and GM are some of the investments of a huge proportion of equity funds. Few finances, like the Fidelity Designate Automotive Investment and indeed the Rydex Public transit Fund, get a focus here on the automobile industry. These two...Read More