Last October, Tesla filed its quarterly financial statement with the SEC with, to some, a curious omission from the balance sheet: an unrealized gain of $570 million. It stemmed from the company’s ...

Please note: This item is from our archives and was published in 2021. It is provided for historical reference. The content may be out of date and links may no longer function. Accounting for and ...

Accounting is vital to a business’s financial hygiene; here’s everything entrepreneurs need to know about it. Many, or all, of the products featured on this page are from our advertising partners who ...

Accounting for stuff like office supplies is simple. You spend $50 on copier paper, and you record a $50 expense in your ledger. Purchasing fixed assets such as land, buildings or equipment is more ...

Bitcoin might be the most recognizable cryptocurrency, but it’s hardly the world’s only digital asset. Generally, a digital asset is a “digital record made using cryptography for verification and ...

And in dealing with these questions, we shall primarily be referring to the International Accounting Standard (IAS) 7 and IAS 32 for balance sheet classification of cryptos. Plus, IAS 2 and IAS 38 for ...

A prepaid asset is an expenditure of money in advance of when the money is due. For example, you might pay up front for a year's rent or insurance, even though the payments are due monthly. Under ...

Cryptocurrency continues to reshape the financial landscape. As cryptocurrency moves from niche to mainstream, companies are ...

The FASB has begun a project to clarify accounting rules for crypto asset transfers and when they can be derecognized from a ...

The Financial Accounting Standards Board decided to add a project to its technical agenda related to the accounting for ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...