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.

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 ...

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 ...

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

Released in 2022, Staff Accounting Bulletin No. 121 called on businesses to account for customers’ crypto assets as their own by listing them on their balance sheets. It was billed as a way to ...

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