Representing a dynamic funding mechanism, crowdfunding has made its presence known across the accounting realm. Today, it has emerged as a popular method of raising capital for businesses or projects from different entities, often via online platforms that eliminate traditional intermediaries.
But what are the implications involved in this fundraising process, especially with regard to the accounting realm?
Well, before we delve into that, let us first explore the types of crowdfunding that lead to distinct accounting implications!
