The Financial Accounting Standards Board (FASB) has unanimously approved rules for accounting for the fair value of companies’ cryptocurrency holdings, according to media reports. The rules will go into effect in 2025. The FASB is the United States organization that sets accounting and reporting standards for organizations that follow U.S. Generally Accepted Accounting Principles (GAAP). It issued a call for comments on proposed changes to the FASB Accounting Standards Codification in March. The proposal was discussed and put to a vote on Sept. 6. Fair value is the estimated price of an asset that takes into account current market value and other decisive elements. The FASB had made a “ten
Hence then, the article about change to us accounting rules will be a boon to companies holding crypto in 2025 was published today ( ) and is available onTOP world News today ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Change to US accounting rules will be a boon to companies holding crypto in 2025 )