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26 sats \ 1 reply \ @ek 16 Mar 2023 \ parent \ on: Best article to make a case to a CFO for allocating some treasury to Bitcoin? bitcoin
Hasn't this changed October last year? Michael Saylor also mentioned this problem.
But seems like the FASB pivoted and decided that fair-value accounting for crypto assets should be used: https://www.coindesk.com/business/2022/10/13/fasb-mulls-fair-value-accounting-for-crypto-holdings-report/
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10 sats \ 0 replies \ @gunson OP 16 Mar 2023
Looks like they still need to officially update the accounting standards, but that this is definitely the direction of travel.
The Board directed the staff to draft a proposed Accounting Standards Update for vote by written ballot, with a comment period of 75 days.
This is from this page dated 8 Feb 2023: https://www.fasb.org/Page/ProjectPage?metadata=fasb-Accounting-for-and-Disclosure-of-Crypto-Assets
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