Everyone has called for binding accounting requirements for digital assets. Yet as of this writing, no U.S. GAAP standards are in development.

A CPA leader shares talks about auditing and accounting related to digital assets — the challenges, the role of skill development, and what’s next in the evolving space.

Accounting divides your company assets into two classes: current and long-term. Current assets include cash and anything you use up or convert to cash over the next 12 months.

Accounting is the practice of tracking your business's financial data and interpreting it into valuable insights. This allows you to generate crucial financial statements, such as a balance sheet ...

Businesses and executives are increasingly realizing there’s a whole new level of complexity lying just beneath crypto’s binary-coded surface, mainly how to account for it, how the accounting ...

What Are Prepaid Assets & What Significance Do They Have in Accrual Accounting?. A prepaid asset is an expenditure of money in advance of when the money is due. For example, you might pay up front ...

The evolution of digital assets can create opportunities for accountants and other financial professionals to become highly literate—that is, more valuable—in the digital asset space.

President Donald Trump’s executive order cleared the path to investing alternative assets in 401(k)s and other retirement ...