Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, and has a degree in accounting and finance from DePaul University. The balance sheet, income statement, and cash flow ...

Appeal was partly allowed as ground no. 2 and 3 was dismissed as infructuous.

Unearned revenue is a liability because it represents a company’s obligation to deliver goods or services in the future.

Elon Musk of the Department of Government Efficiency has sought to find $1 trillion or $2 trillion to cut from the federal ...

As the Federal Reserve's overnight reverse repurchase agreement program nears zero, pressure could mount on the central bank ...

U.S. regional banks are capitalizing on improving investor sentiment by raising billions of dollars in equity to pursue deals ...

Tesla reported a $600 million gain on its 11,509 Bitcoin holdings in Q4 2024, benefiting from new FASB accounting rules that allow fair market value reporting ...

Shifting regulatory frameworks inspire businesses to consider bitcoin reserves, potentially igniting mainstream acceptance and innovation.

With new accounting rules in place, corporate Bitcoin holders like Tesla have more pathways for using BTC as collateral ...

The program’s outstanding loans stood at ¥77 trillion ($496 billion) as of Jan. 20, accounting for around 10.4% of the central bank’s overall balance sheet, according to BOJ data. The phasing ...

Spotting creative accounting practices on the balance sheet can be broken down into three categories for analysis: assets, liabilities, and equity. Here we’ll explore some of the ways each of ...