A “clean sheet” is when a sports team prevents their opponents from scoring. It’s more likely in low-scoring sports like soccer and ice hockey. The term “shutout” is used in American English. The origin of the term is unknown, but it may come from scores being written on paper. Keeping a clean sheet depends on […]
Income statements and balance sheets are important accounting documents used by organizations, particularly in the US where they must be filed with the SEC. Income statements list income and expenses over a period, while balance sheets provide a snapshot of assets, liabilities, and equity at a specific point in time. These documents, along with retained […]
Tear sheets are reports providing up-to-date information on stocks, traditionally sent by brokers to clients via courier or fax. Electronic tear sheets are now common, containing vital information about a company’s status and stocks, helping investors make decisions on buying or selling shares. In the financial world, tear sheets are sheet reports that provide up-to-date […]
Off-balance sheet accounting tracks assets or debts without including them in the main accounting system. On-balance sheet assets and liabilities are standard transactions that the company owns and is directly responsible for, while off-balance sheet transactions are for circumstances in which the company does not have direct ownership of the money. The biggest difference between […]
