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 ...

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 ...

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

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

Kenya has set a three-year roadmap towards fully shifting its financial transactions to an accrual basis of accounting from ...

Service revenue is reported on the income statement under operating revenues, reflecting earnings from core business ...

Read more on New York Fed's study on bank failures, revealing patterns using accounting metrics, rising losses, non-core ...

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

LendingClub sold off after its first-quarter earnings. LendingClub's results looked especially slow compared with rival SoFi.

The income statement is one of three financial statements used for reporting a company’s financial performance over a set accounting period. The other two key statements are the balance sheet ...

President Trump has taken the first steps toward fulfilling his promise to reverse the Biden administration’s approach to digital assets by issuing ...

During the fourth quarter of 2024, the Company refinanced $1.25 billion of debt. At the end of 2024, Newell Brands had debt outstanding of $4.6 billion and cash and cash equivalents of $198 million, ...