We’ve shown in previous columns that GAAP reporting is unethical because it’s not fully truthful. We’ve also identified 14 myths that help perpetuate that inexcusably disgraceful condition by keeping ...
The accounting value or "book value" of your company's assets – or even the company itself – probably differs from the market value, and the difference may be significant. The distinction between the ...
Tobi is a crypto writer at Investopedia. He aims to simplify the complex concepts of blockchain and cryptocurrencies for the masses. Stella Osoba is the Senior Editor of trading and investing at ...
The first U.S. accounting rule specifically for cryptocurrency will say that companies must use a fair-value approach that would demand certain digital assets be measured at what they would trade for ...
Steven Nickolas is a writer and has 10+ years of experience working as a consultant to retail and institutional investors. David is comprehensively experienced in many facets of financial and legal ...
Unadjusted and adjusted accounting balances are part of the accounting cycle for any business that reports its financial records. Accountants take the unadjusted accounting numbers and create adjusted ...
Our November column challenged the status quo by using the “Four-Way Test” to show that GAAP-based financial reporting is unethical. As if that situation isn’t bad enough on its own, GAAP’s ...