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 ...

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

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

The law firm's Limited Liability Partnership accounts, filed in the U.K.'s Companies House, said profit "available for ...

The Financial Services Commission noted that it held its second meeting on the 5th and decided to impose a penalty surcharge on Vidente, DI Dongil, and Korea Land Trust, which violated accounting ...

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

At least one rule enshrined by President Biden's administration appears safe under President Trump's team. Here's how a 2019 ...

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 ...

On January 23, 2025, the Securities and Exchange Commission (SEC) issued Staff Accounting Bulletin 122 (SAB 122), rescinding the controversial ...

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