The Coin Files on Nostr: The upcoming FASB accounting changes in December 2024 will significantly impact ...
The upcoming FASB accounting changes in December 2024 will significantly impact corporate inclusion of #Bitcoin on balance sheets. Key changes include:
Valuation: Transition from an impairment model to a fair value model, allowing immediate recognition of value fluctuations.
Reporting: Shift to standardized, detailed, and transparent reporting practices.
These changes are a major step towards corporate and institutional adoption of Bitcoin.
bitcoinmagazine.com/markets/bitcoi…
Valuation: Transition from an impairment model to a fair value model, allowing immediate recognition of value fluctuations.
Reporting: Shift to standardized, detailed, and transparent reporting practices.
These changes are a major step towards corporate and institutional adoption of Bitcoin.
bitcoinmagazine.com/markets/bitcoi…