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 ...

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

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 ...

Bitcoin has rallied over 50% since Donald Trump’s election win and is currently trading near the $106,000 mark.

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

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 ...

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 ...