Creative accounting can come in many different ... Companies may seek to inflate their assets or understate their liabilities to present a stronger financial position for stakeholders who assess ...

The mark-to-market method of accounting records the current or market price of an asset or a liability on financial statements. It is also called fair value accounting because it determines the ...

Net worth statements are often prepared at the beginning and ending of the accounting period (i.e. January 1), but can be done at any time. The statement records the assets of the business and their ...

SEC revises crypto custody accounting policy with SAB 122, offering banks flexibility in reporting liabilities for ...

Financial experts are sounding the alarm over the federal government's practices, warning that the true scope of U.S. liabilities far exceeds what is publicly reported. Economists and fiscal policy ...

A new Staff Accounting Bulletin on Jan. 23 said it “rescinds the interpretive guidance” of SAB 121, an agency rule published ...