The need to maintain a record of all monetary transactions is applicable to all companies including STOs, as it is a requirement of the regulatory authorities.
The term accounting is generally synonymous with a structured approach towards the recording of monetary transactions. The following are typical characteristics of the accounting function within an STO:
and which will be recorded within the company's corporate (or general) ledger
It is recommended that this chapter is read after having read the prior chapters, as a number of terms are used that have been ...