News with the tag "fasb"

The new accounting update could be a boon for firms seeking bitcoin corporate treasuries. New Accounting Standard Recognizes Crypto Gains An accounting standard that addresses the fair value of crypto assets went into effect yesterday and may have a positive impact on companies seeking to establish ...

The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) to address the accounting for and disclosure of crypto assets. The ASU’s amendments improved the accounting for certain crypto assets by requiring entities to measure them at fair value and recognize fair val...

The Financial Accounting Standards Board (FASB), the organization that sets accounting standards in the US, is reportedly green-lighting new rules for measuring the value of crypto assets on a company’s balance sheet. According to Bloomberg, the FASB on Wednesday unanimously voted in favor of new ru...

The U.S. accounting standards board yesterday unanimously voted in favor of "fair value" accounting for crypto assets held on corporate balance sheets.

The U.S. accounting standards board yesterday unanimously voted in favor of "fair value" accounting for crypto assets held on corporate balance sheets.

The first U.S. accounting rule specifically for cryptocurrency will say that companies must use a fair-value approach that would demand certain digital assets be measured at what they would trade for in the markets, according to the Financial Accounting Standards Board (FASB).

The rules are set to go into effect as soon as 2025, but companies will be able to apply them earlier than that.