The income statement and balance sheet of Madera Inc are presented and the meaning of each account is explained in the simplest possible way. The following questions arise: What is the net income? Is it what the shareholders “earn”, what the company “earns”, what someone “earns”?...

The Bank for the Accounts of Companies Harmonized (BACH) is a free-of-charge database containing the aggregated accounting data of non-financial incorporated enterprises for, so far, 11 European countries. While the individual accounts feeding the database were originally prepared in line with...