OFAC, Office of Foreign Assets Control, Homeland Security, Acts & Compliance, Searches and Information and Background. The Office of Foreign Assets Control (âOFACâ) of the U.S. Dept. of the Treasury enforces economic and trade sanctions based on foreign policy and national security goals.
Accounting For Stockholders' Equity. A corporation's balance sheet reports its assets, liabilities, and stockholders' equity. Stockholders' equity is the difference (or residual) of assets minus liabilities. Because of the cost principle (and other accounting principles), assets are generally reported on the balance sheet at cost (or lower) amounts.
statement of stockholderâs equity, often called the statement of changes in equity, is one of four general purpose financial statements and is the second financial statement prepared in the accounting cycle. This statement displays how equity changes from the beginning of an accounting period to the end.