(Photo by Robyn Beck / AFP) (Photo by ROBYN BECK/AFP via Getty Images) The FASB just released a proposal on “Income-Expense Disaggregation,” that addresses at least some of these concerns.

While changes were suggested, many of the 32 respondents expressed general support for the broader effort to update the ...

FASB is seeking feedback on a proposed Accounting Standards Update (ASU) that addresses 34 issues in its codification. The "targeted improvements" to the FASB Accounting Standards Codification are a ...

Elon Musk’s company Tesla made a killing with Bitcoin, pulling in a $600 million profit in the fourth quarter of 2024 without ...

Tesla’s latest SEC filing confirms it still holds 11,509 BTC, valued at $1.1 billion, but has not increased its Bitcoin ...

Tesla reported a $600 million gain on its 11,509 Bitcoin holdings in Q4 2024, benefiting from new FASB accounting rules that ...

The proposed ASU would add definitions for environmental credits and obligations to the FASB's ASC Master Glossary.

The Financial Accounting Standards Board (FASB) has issued an Invitation to Comment (ITC) to gather stakeholder feedback on its future standard-setting agenda. This focuses on enhancing financial ...

The stock could be eligible for S&P 500 index inclusion once it adopts updated FASB accounting standards, the report said.

Tesla overall reported adjusted EPS of $0.73 in the fourth quarter, missing estimates for $0.76. The gain on its bitcoin holdings was for GAAP purposes and would have had no effect on adjusted EPS.

For Q4 2024 earnings, Coinbase is expected to beat Wall Street revenue estimates by 26% and EPS estimates by 407%. See why I ...