Accrual accounting ... of a company’s profit or loss. Revenue and expenses are shown when they occur, not when the money actually moves into or out of the company’s bank account.

But if you’re not careful, it’s easy for expenses to spiral out of control — and you could end up making little to no profit. That’s why every business should track revenue and expenses with a profit ...

seksan Mongkhonkhamsao / Getty Images Private equity fund accounting ... an account of any changes in the net assets attributable to the fund partners. U.K. GAAP asks for a profit and loss ...

Financial costs are likely to climb further for airlines in the near term, with new accounting standards on leases set to create “significant volatility” in their profit and loss accounts.