Accounting

Financial Institutions—Crossing the Crypto Accounting Chasm

The U.S. Securities and Exchange Commission’s approval of the first U.S. Bitcoin futures exchange-traded fund (ETF) marks a monumental shift in institutional and regulatory attitudes towards crypto. In just two days, ProShares’ Bitcoin ETF topped $1 billion in assets. Approximately 10% of all Bitcoin ($125 billion) is now held in corporate treasuries, and 52% of…

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Tactic wants to reinvent accounting software for the web3 age – TechCrunch

Tactic, a startup that helps businesses manage — and simplify — cryptocurrency finances, is emerging from stealth today with $2.6 million in seed funding. Founders Fund and finance automation startup Ramp co-led the raise for Tactic, an eight-person outfit based in New York City. Elad Gil and Figma co-founder Dylan Field also participated in the…

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Let’s fix America’s accounting problem — starting with Build Back Better

Last month, Sen. Joe ManchinJoe ManchinOn The Money — Dems lay blame for Build Back Better blowup McConnell: Manchin’s opposition to Biden plan ‘great shot in the arm for the country’ Harris says ‘stakes are too high’ for Build Back Better to be about Manchin MORE (D-W.Va.) called for the Build Back Better infrastructure bill to…

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Aptitude named category leader in Chartis RiskTech Quadrant® for IFRS 17/LDTI Compliance: Accounting Systems, 2022

Apra Sekhon, Chief Innovation Officer, CAA Club Group remarks, ‘IFRS 17 is the most complex standard to hit the industry so it’s great to see our chosen vendor, Aptitude, recognized as a leader in the space. We selected the Aptitude IFRS 17 Solution in 2020 due to the strength of references, the completeness of the offering and…

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Why Accounting, Finance, and Tax Are Now the Language of Industry

Should you have a look at the previous couple of years, you’ll obviously see the speedy fee of trade that companies of all sizes and industries have skilled. From pandemic-driven adjustments to trade to technology-driven shifts in person conduct—companies have needed to adapt again and again. One of the vital results of all this transformation…

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New financial accounting hub can manage 40 million events daily

Global software integration company Axway has launched its new service Axway Financial Accounting Hub (AFAH), which can manage 40 million events per day in real-time for a retail customer. The company says AFAH can also halve the costs and integration time for ERP Finance migration projects. Axway says as financial departments continue to evolve, businesses…

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Key Accounting Considerations for Financing Cannabis in the US

Last year, M&A activity within the cannabis sector soared, with over 305 transactions completed by the end of 2021 alone. Since then, the market has seen M&A activity slow, with much of this attributed to the fact that multi-state operators (MSOs) that drove much of the activity last year are no longer in need of…

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Candle Media Adds Courtney Cappa as Senior Vice President Finance & Accounting, and Kendall Ostrow as Senior Vice President, Business Development & Community

LOS ANGELES & NEW YORK–(BUSINESS WIRE)–Candle Media (“Candle”), the next-generation media company run by Kevin Mayer and Tom Staggs, has hired veteran media executives Courtney Cappa and Kendall Ostrow as Senior Vice President, Finance & Accounting, and Senior Vice President, Business Development & Community, respectively. Cappa will help drive Candle’s corporate finance efforts, including the…

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