Nominal Account In accounting, a nominal account is a general ledger account that is use to record revenues, expenses, gains, and losses for a specific accounting period. These accounts are also known as income statement accounts or temporary accounts. Because their balances are reset to zero at the end of each accounting period, typically a… Read More »
Difference between financial statement analysis and stock/asset valuation techniques It involves reviewing a company’s financial statements, such as its balance sheet, income statement, and cash flow statement, to evaluate its profitability, liquidity, solvency, and overall financial performance. This analysis helps investors and analysts to make informed decisions about whether to invest in the company or… Read More »