Posts Tagged cryptocurrency

How Cryptocurrencies are Changing the Accounting Industry

When Bitcoin came to life in 2009, few people outside of computer programmers took note. But since its shadowy beginnings, the idea of cryptocurrency has gone mainstream. Despite the collapse of one of the largest bitcoin exchanges, cryptocurrencies have drawn the interest of everyone from criminals taking advantage of its anonymity to large financial institutions looking to cut international transaction costs. Cryptocurrency opened the world’s eyes to the flaws in our current system for exchanging value and keeping track of those exchanges.

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Technology Trends in Accounting

Technology continues to move at an incredibly fast pace and the accounting industry is hardly immune to advances and changes. Clients and staff alike have ever-growing expectations fueled by advances in other industries with which they interact. Even so, a 2015 survey revealed that 70% of CFOs claim to be unconcerned by disruptions, despite 50% of them also reporting that disruptions negatively impact their businesses.

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