How to do Defi Tracking to Enable Accurate Accounting
Explore insights on accurately interpreting web3 data is crucial for proper accounting practices
ERC-1363 Payable: The Latest Token Standard on Ethereum EIPs
The new ERC-1363 token standard is important for finance professionals and accountants because it significantly streamlines and enhances the efficiency of handling cryptocurrency transactions.
SEC Issues Timely Warning on Crypto Accounting Practices
The SEC recently issued a critical warning to crypto companies, emphasizing the importance of adhering to strict accounting rules. This timely alert, specifically directed...
Accounting for DeFi Lending under IFRS
In this article, we explore the key considerations and accounting implications for DeFi lending under IFRS, highlighting the unique characteristics of blockchain-based financial transactions and the importance of robust valuation methodologies and comprehensive disclosures.
Accounting for Staking Rewards: A Quick Dive Under IFRS
This article explores the accounting for staking rewards by validators and delegators under the International Financial Reporting Standards (IFRS). We will examine the critical roles of these participants in maintaining network security and how their contributions are accounted for from a financial reporting perspective.
What is Stablecoin Accounting? 11 Key Considerations to Evaluate.
Stablecoins, designed to minimize volatility by pegging their value to stable assets, present unique challenges for accounting professionals due to the lack of specific standards, necessitating careful consideration of classification, reporting, and regulatory compliance for accurate financial statements.
How to enhance crypto accounting using month-end closing features.
How Berkowitz Pollack & Brant CPA firm leveled up their crypto accounting for their web3 clients using Cryptoworth month-end closing features
How to Account for Cryptocurrency under IFRS.
This edition provides guidance on some of the basic issues encountered in accounting for holding of cryptocurrencies, focussing on Classifying Cryptocurrencies within the IFRS Framework.
How Sors achieved 99.9% of Crypto Data Accuracy Boost with Cryptoworth: A New Study
Discover how Sors Digital Assets transformed their financial operations by partnering with Cryptoworth. Learn how it helped them to reduce errors, increase data accuracy, and grow efficiency with their crypto financial management practices.
How is US GAAP and IFRS Different for Digital Asset Accounting?
Explore the key differences between US GAAP and IFRS to better understand and determine which framework best aligns with your digital asset accounting practices.
How New Rules will Affect Digital Asset Accounting: What CFOs Need to Know.
Discover the latest developments in digital asset accounting guidance and the impact of these new guidelines on financial reporting. Scope and key aspects of the new crypto asset accounting rules.