New Service: US Subsidiary Audit Service
Introduction of the new service We are excited to announce a new addition to our audit service line. The new service will focus on Financial Statement Audits for US (United States) subsidiaries of Japanese companies. In certain cases, the US subsidiaries of Japanese companies will need to have their financial statements audited by CPAs. Such […]
SEC Releases SAB121 – US GAAP Accounting For Assets Held in Custody of Customers by Crypto Exchanges
Background On March 31, 2022, the SEC released Staff Accounting Bulletin No. 121 (SAB 121). This SAB expresses the view of the SEC staff regarding the accounting treatment for crypto-assets that are reporting entity safeguards for its platform users (customer crypto-assets). Exchanges that are responsible for safeguarding customer crypto-assets should present a liability on its […]
Why US Public Companies are Starting to Acquire Bitcoin
Technological Evolution, Macroeconomic Uncertainty, and Accounting Standards Publicly traded companies holding part of their reserves in bitcoin to protect their purchasing power. What was a fantasy a few years ago is becoming a reality. Two huge news stories have come in the past few months. MicroStrategy Taking the Lead It all began with MicroStrategy Inc. (MSTR), […]
Malaysia Visit Memo
Our client was chosen to be part of JETRO’s “SDGs Startup Support Program – Malaysia” Our firm (Kimura Certified Public Accounts) has and continues to support startups that aim to positively impact society. I am currently acting as a CFO for a startup that is tackling the challenge of reducing food waste through the use […]
AICPA Releases Accounting Guidance on Digital Assets (Cryptos)
Significant differences with J GAAP, already causing GAAP differences between the two standards In December 2019, the AICPA (American Institute of Certified Public Accountants) released a guidance on the accounting of crypto currencies. This nonauthoritative guidance was released as a practice aid titled “Accounting for and Auditing of Digital Assets”. You can download the original […]
Looking back at BlockChainJam 2019
This year’s BlockChainJam was as great, if not better than last year’s! This year’s BlockChainJam was held on November 17, 2019 at the Yasuda Auditorium (Tokyo University). It was pretty cool to listen to talks on cutting edge technology in a building that is as historical as the Yasuda Auditorium. A summary of my presentation […]
We’ll Be Speaking at BlockChainJam 2019 @Tokyo University
BlockChainJam 2019 We’ll be speaking at the upcoming BlockChainJam 2019 conference. The event, whose theme is centered around the future of blockchains, will take place on November 17, 2019, at Tokyo University. We’ll be talking about the hot crypto/blockchain topics of 2019 from an Accounting and Finance angle. Please come and join the fun! If […]
Using Sharpe Ratio – A Better Tool to Evaluate Your Investment
Is your investment generating sufficient returns in relation to the risk that you’re taking? The Sharpe Ratio will tell you the answer The Shape Ratio is a measure that is widely used in finance to evaluate the performance of a fund or an investment. The reason the Sharpe Ratio is used instead of a simple […]
Modeling Bitcoin Price, an Introduction to the Stock to Flow Model
A Bitcoin Pricing Model is getting the industry’s attention In traditional finance and accounting, many valuation methods and models are used to calculate the fair value of various assets. The DCF (Discounted Cash Flow) and CAPM (Capital Asset Pricing Model) are some examples that are used to value a business or equity. These models are […]
We’re Having a Crypto Roundtable on October 16!
We are having a Crypto Roundtable on October 16 (Wed)! Come and join the discussion! The roundtable will be held at our office near Tokyo Station, starting at 7:30 PM We’ll be covering the basics of setting up a crypto wallet and creating a proper backup. Then we’ll have fun sending each other crypto using […]
