PYMNTS

JUNE 10, 2019

Reports in The Block Crypto late last week said a group of California CPAs has sent a letter to the Financial Accounting Standards Board, a federal board that sets Generally Accepted Accounting Principles (GAAP), requesting that it consider establishing a task force to address a lack of clarity in cryptocurrency accounting standards.

Accounting 51

Accounting IFRS GAAP Accounting Standards 51

Bramasol

JUNE 10, 2022

One important side effect of the ongoing trend toward globalization is the need to comply with a range of different accounting principles as well as with disparate reporting and compliance mandates. Parallel Ledgers - in which multiple ledgers are used, with an accounting principle applied to each ledger.

Accounting Principles 86

Accounting Principles IFRS SAP Accounting 86

Musings on Markets

JULY 14, 2021

Almost in parallel, accounting as a profession found its footing and worked on creating rules that would apply to reporting, at least at publicly traded companies, with GAAP (Generally Accepted Accounting Principles) making its appearance in 1933. In 2019, Uber claimed that its TAM was $5.2

GAAP 52

GAAP Forecasting Accounting Numbers 52

Planful

SEPTEMBER 6, 2021

Let go of spreadsheets—error-prone, inefficient, and often hindering—and move toward technology that allows you and the shareholders to trust the numbers. The company’s leadership used fake holdings and off-the-books accounting practices to deceive regulators. Create Detailed, Transparent Reports.

Financial Reporting 40

Financial Reporting Valuation IFRS GAAP 40

Planful

JUNE 22, 2017

But in the accounting world, “financial consolidation” is a well-defined process that includes several complexities and accounting principles. Here are the key accounting consolidation steps in the finance consolidation process : Collecting trial balance data (e.g.,

Accounting 40

Accounting General Ledger IFRS GAAP 40