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’s second administration painted a new landscape for digital assets and cryptocurrency in the United States ...

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

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

For years, accounting has been seen as a back-office function focused on compliance, managing financial records and ensuring ...

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 ...

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

President Trump signed an executive order titled Strengthening American Leadership in Digital Financial Technology (Crypto ...

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

What was SAB 121? The Staff Accounting Bulletin (SAB) 121 rule was introduced by the SEC in March 2022 as part of its efforts to regulate cryptocurrency custody. It required financial institutions to ...