31 Oct
FASB Fair Value Accounting for Crypto Assets
The new proposal by the FASB looks to scale up the adoption of digital assets by corporate and institutional bodies. TLDR: The Financial Accounting Standards Board (FASB) meeting held on October 12th came to a few resolutions, which included cancelling
30 Sep
Accounting for NFT’s
NFT Accounting: Considerations and Challenges The emergence of cryptocurrencies and the blockchain technology has brought along various digital possibilities that have left persons within and without the crypto community awestruck. By no stretch of the imagination could the Nostradamuses of
31 Aug
What is Crypto Accounting?
Cryptocurrencies are not actually currency At a first glance, some may expect cryptocurrencies to be accounted for as cash, however, strictly speaking, cryptocurrencies do not fit the mold when it comes to the definition of cash. The Committee observed that
31 Jul
ERP vs Accounting Software
What is the difference between ERP and Accounting Software? There is a common misconception that ERP and Accounting software are the same. However, this is not the case. This article will explain what ERP and Accounting software are and how
30 Jun
What is ERP?
Enterprise Resource Planning Business processes are multidimensional across organizations and could be quite unique and specific to each organization. To guarantee that an organization’s goals and objectives are realized, these business processes must be appropriately coordinated and integrated. A manufacturing
Recent Posts
FASB Fair Value Accounting for Crypto Assets
31 October 2022
Accounting for NFT’s
30 September 2022