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2023-12-14 15:51:18

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…
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