Bookkeeping and Accounting


What is FIFO?

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

Read More »
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

Read More »
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

Read More »