Bookkeeping and Accounting

FIFO

What is FIFO?

FIFO stands for “First In, First Out.” It is a method of inventory valuation that assumes that the first items

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accounting standards

Country Accounting Standards

United States: Generally Accepted Accounting Principles (GAAP) China: International Financial Reporting Standards (IFRS) Japan: Japanese GAAP Germany: International Financial Reporting

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bitcoin, etehreum and ripple

GAAP and Crypto

The application of GAAP (Generally Accepted Accounting Principles) to cryptocurrency can be challenging, as cryptocurrency is a relatively new and

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