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…
The Coin Files
npub1w6…w4fzu
2023-12-14 15:51:18
Author Public Key
npub1w6cjjl03lzgn3gj42uyh9myaqsukqcp7h2z6p35sml5sx8temy6qxw4fzuPublished at
2023-12-14 15:51:18Event JSON
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"content": "The upcoming FASB accounting changes in December 2024 will significantly impact corporate inclusion of #Bitcoin on balance sheets. Key changes include:\n\nValuation: Transition from an impairment model to a fair value model, allowing immediate recognition of value fluctuations.\n\nReporting: Shift to standardized, detailed, and transparent reporting practices.\n\nThese changes are a major step towards corporate and institutional adoption of Bitcoin.\n\nbitcoinmagazine.com/markets/bitcoi…",
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