Accounting Research

Legal and Technological Restrictions on the Sale and Transfer of Tokens: Impact on Fair Value

The post studies the effects of restrictions on the sale and transfer on the evaluation of the fair value of tokens subject to these restrictions.

Jan 7 • Andrei Belonogov

Stablecoin Classification Under US GAAP and FASB’s New Project on Cash Equivalents

A technical but readable guide to when stablecoins such as USDC, BUSD and other USD-backed tokens might qualify as cash equivalents under US GAAP, in…

Nov 24, 2025 • Andrei Belonogov

Real-World Assets

Accounting for holdings of tokenized real-world assets.

Nov 5, 2025 • Andrei Belonogov

Fair Value of Tokens Received from Swaps on Decentralized Exchanges

A brief post about the effect of sandwich attacks on the fair value of tokens received from swaps executed on decentralized exchanges

Oct 27, 2025 • Andrei Belonogov

Using Blockchain Information as Audit Evidence

Key risks, controls, and vendor considerations for using blockchain data received from third party vendors as audit evidence.

Oct 20, 2025 • Andrei Belonogov

Market-Making Models in Web3: Retainer, Loan/Call, Liquidation

Market making is a specialized service that can add significant liquidity value to a token issuers' businesses. Today we talk about accounting for the…

Sep 16, 2025 • Andrei Belonogov

Liquidity Pool Accounting

The liquidity pools accounting guidance development

Jul 25, 2025 • Andrei Belonogov

Opinionated Guide on Financial Statement Formatting

This guide provides answers on some unanswered questions related to the preparation of financial statements.

May 15, 2025 • Andrei Belonogov

Practical Approach to Capitalization of Software Development Costs

How to organize the startup software development costs and calculate amortization

May 3, 2025 • Andrei Belonogov

Accounting for Web3 Grant & Governance Proposals

How should the recipient entity account for grants received from Blockchain Foundations and DAOs?

Apr 22, 2025 • Andrei Belonogov

Why Longevity Shouldn't Be Mistaken for Quality Experience.

Apr 8, 2025 • Andrei Belonogov

Bayesian Statistics for Audit Sampling

Highlighting the implementation of #bayesian statistics as an important direction for the improvement in audit quality and effectiveness

Mar 26, 2025 • Andrei Belonogov

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