Furthermore, it articulates FASB’s position on its new guidance and clarifies the accounting implications of ASU 2023-08 compared to the existing ... This guidance requires companies to treat crypto ...

In its annual report on the state of Chinese military power, the US Department of Defense says Beijing’s air force has made significant advances and is “quickly approaching US standards” in ...

FASB published a proposed Accounting Standards Update (ASU) designed to improve the financial accounting for and disclosure of financial activities related to environmental credits and environmental ...

Basis, a startup developing artificial intelligence software for accounting firms, today announced that it has closed an early-stage $34 million investment. The Series A round was led by Khosla ...

However, as FASB's role is to establish and improve financial accounting and reporting standards, this proposal only addresses amounts reported in financial statements. Measuring or tracking an entity ...

GAAP accounting standards are issued by the Financial Accounting Standards Board and must be followed by every company preparing their financial accounts. All listed public companies in the US ...

WASHINGTON, Dec 17 (Reuters) - U.S. Senator Elizabeth Warren has asked Donald Trump's transition team to hold Elon Musk to the same ethics standards as other transition members, putting oversight ...

Related article: Bitcoin Price Rally Eyes $108K: Is BTC New Gold Standard ... the new update, the FASB writes: “Fair value measurement aligns the accounting required for holders of crypto ...

Yes, today is when the FASB fair value accounting rule ... Note, though, the new standard doesn’t apply to NFTs, wrapped tokens or internally generated digital assets. Alex Kuptsikevich ...

The Financial Accounting Standards Board (FASB) has adopted Fair Value Accounting for Bitcoin. Companies holding Bitcoin will now report its value based on current market prices. The new rule may ...

The FASB issued a new ASU 2023-08 standard to address certain crypto assets’ accounting and disclosure requirements. The ASU amendments became effective for fiscal years beginning after December 15th ...

As of today, the Financial Accounting Standards Board will put its Fair Value accounting rules on BTC and other ... only to “fungible” intangible digital assets because it is difficult to obtain ...