travkohn on Nostr: Fair Market Value accounting starts Jan 2025 Under the previous accounting rules, ...
Fair Market Value accounting starts Jan 2025
Under the previous accounting rules, companies were required to record impairment losses when the value of crypto decreased but we're not allowed to recognize gains when values rebounded.
The new rules allow for FAIR VALUE Accounting, which means companies can now report both gains and losses, allowing for a more accurate representation of the financial health of companies holding Bitcoin.
#Microsoft #Microstrategy #Bitcoin #Accounting #FairMarketValue
Under the previous accounting rules, companies were required to record impairment losses when the value of crypto decreased but we're not allowed to recognize gains when values rebounded.
The new rules allow for FAIR VALUE Accounting, which means companies can now report both gains and losses, allowing for a more accurate representation of the financial health of companies holding Bitcoin.
#Microsoft #Microstrategy #Bitcoin #Accounting #FairMarketValue