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

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

The expanded accounting equation builds upon the basic accounting equation's use of assets, liabilities and equity by ...

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

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

The five basic financial statements are the income ... ranging from inventory accounting to contingent liabilities. The goal is to increase net income, which comes with the integration of actions ...

CNA Financial (NYSE:CNA – Get Free Report) is expected to post its quarterly earnings results before the market opens on ...

The Delhi High Court has upheld the constitutional validity of Section 132 of the Companies Act, 2013, and Rules 3, 8, 10 and ...

Angelo G. Fusaro, the Principal Accounting Officer at Bankwell Financial Group, Inc. (NASDAQ:BWFG), a regional bank with a market capitalization of $241 million, recently sold 279 shares of the ...

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

For example, a company might overstate liabilities or allowances ... Although this method may comply with accounting rules, it can create misleading financial statements if done excessively ...