Dear Readers,Welcome back to our conversation about focusing on the power of assets over liabilities.Last week, we demystified these terms, explaining why assets work for you and how liabilities can ...

Making the move from industry to owning an accountancy practice is an appealing prospect for many professionals seeking greater freedom, the ...

Three FASB board members say the requirements don’t provide investors with adequate details on government assistance.

HARARE - Independent auditors Axcentium have issued an adverse opinion on Edgars Stores Limited's latest financial statements ...

Updated: 2006-10-19 14:07In accounting, a current asset is an asset on the balance sheet which is expected to be sold or otherwise used up in the near future, usually within one year, or one ...

Non-current assets usually generate benefits for a much longer time. This shapes how you record a patent as an accounting journal entry and document patents in the accounting balance sheet.

Provided content. Navigating cryptocurrency accounting standards in 2025 requires staying informed about rapidly changing rules and best practices. While challenges remain, some in the accounting ...

Tesla’s (TSLA) accounting practices are raising red flags as a new report from the Financial Times shows that $1.4 billion is missing. Update: The Financial Times has issued a correction about ...

In financial accounting, current assets include any balance sheet item that a company can convert into cash within one year. This conversion must be affected during routine business operations.

Different accounting methods, such as the choice of inventory valuation (FIFO vs. LIFO), can impact the calculation of total current assets. This can make cross-company comparisons challenging ...

An asset is anything that an individual or business owns that has monetary value and can be sold for cash. There are four main types of assets: liquid, illiquid, tangible, and intangible.