Accounting Principle vs. Accounting Estimate: What’s the Difference?

Accounting Principle Change vs. Accounting Estimate Change The one area in which FASB and its more recent rival, the International Accounting Standards Board (IASB), agree is on the treatment of accounting changes. SFAS 154, Accounting Changes and Error Correction, in other words, explains how private companies should treat two related, but distinct concepts. An accounting…

Cryptocurrencies To Watch: Week of June 5

Cryptocurrencies To Watch: Week of June 5

Keep an Eye on These Coins The cryptocurrency market has oscillated between support and resistance levels in the past few months. While it appears that Bitcoin now can consistently remain above $20,000, the market’s biggest asset has had trouble breaking past the $30,000 mark. However, other crypto assets are showing consistent growth over the past…

Financial Conduct Authority

Understanding the Financial Conduct Authority in the UK

The Financial Conduct Authority (FCA) plays a pivotal role in maintaining the integrity and stability of financial markets in the United Kingdom. Established to protect consumers, enhance market integrity, and promote competition, the FCA oversees regulatory requirements for financial services firms, making it a cornerstone of the UK’s financial regulatory framework. In this article, we…

AMD Revenue Falls 18% as PC Market Shows Continued Weakness

August 1, 2023. Advanced Micro Devices (AMD) reported a revenue decline of 18% in the second quarter of 2023, worse than analysts’ expectations. The chipmaker’s revenue came in at $5.36 billion, down from $6.57 billion in the same quarter last year. The PC market, which is AMD’s largest market, continued to struggle in the second…

Starbucks Reports Record Quarterly Revenue as China Sales Boom

Seattle, WA (August 1, 2023) – Starbucks Corporation (NASDAQ: SBUX) today announced record quarterly revenue of $7.3 billion, driven by strong growth in China. The coffee giant’s revenue rose 19% in the second quarter, compared to the same period last year. Same-store sales in China increased 24%, the highest quarterly growth rate in the company’s…

Fitch Downgrades U.S. Credit Rating to AA+ from AAA

Fitch Downgrades U.S. Credit Rating to AA+ from AAA, Citing Fiscal Deterioration and High Debt Burden Fitch Ratings downgraded the United States’ long-term credit rating to AA+ from AAA on Tuesday, citing expected fiscal deterioration over the next three years as well as a high and growing general government debt burden. Fitch Downgrades U.S. Credit…