As of today, the Financial Accounting Standards Board will put its Fair Value accounting rules on BTC and other eligible crypto assets into effect. NFTs are unique and non-interchangeable, which means ...

The Financial Accounting Standards Board (FASB) published an Accounting Standards Update (ASU) intended to improve the accounting for and disclosure of certain crypto assets. “The new standard ...

FASB's new ASU No. 2023-08 mandates fair value measurement for certain crypto assets, enhancing transparency and relevance in financial reporting, effective post-December 2024. The Financial ...

In early September 2023, the US Financial Accounting Standards Board (FASB) finally approved the commonly accepted accounting practice of mark to market accounting to apply to corporations and ...

The information provided on Inside Bitcoins is for educational and informational purposes only and should not be considered financial, investment, or trading advice. Cryptocurrency markets are highly ...

In a long-anticipated move, Bloomberg Tax reported that the Financial Accounting Standards Board (FASB) is set to introduce new fair value accounting rules for Bitcoin and other cryptocurrencies.

The Financial Accounting Standards Board is gearing up to take a fresh look at the accounting topics it should prioritize for updates and new guidance in 2024, three years after it launched the first ...

Real terms refer to the value of economic variables adjusted for inflation, providing a clearer picture of their true purchasing power or worth over time. Real terms account for inflation, offering a ...

The Financial Accounting Standards Board is moving to permit companies to apply a certain accounting method to more tax-credit investments, enabling them to record similar spending in a consistent way ...

FASB issued a proposed Accounting Standards Update (ASU) on Thursday that is intended to provide investors and other allocators of capital with more “decision-useful information” in a joint venture’s ...

The Financial Accounting Standards Board (FASB) has said that firms should use fair-value accounting methods for cryptocurrencies likes bitcoin BTC $124,753.46 and ether ETH $4,005.03, according to a ...

The Financial Accounting Standards Board received hundreds of letters inspired by MicroStrategy that urge U.S. accounting standards be reconsidered to accommodate companies that hold Bitcoin, ...