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FASB

How Companies Like MicroStrategy Could Benefit From FASB's 'Fair Value' Approach
Video
Cdtv
How Companies Like MicroStrategy Could Benefit From FASB's 'Fair Value' Approach
The Financial Accounting Standards Board (FASB), a U.S. entity that details how companies should report assets on their balance sheet, published a standards update on Wednesda...
How Companies Like MicroStrategy Could Benefit From FASB's 'Fair Value' Approach
By CoinDesk Staff
Dec 14, 2023 at 3:13 p.m. UTC
Dec 14, 2023
cdtvMichael SaylorMicroStrategyFM ClipFinancial Accounting Standards BoardFASB
MicroStrategy's Michael Saylor is all smiles after the FASB rule change (Joe Raedle/Getty Images)
Policy
Regulations
FASB Confirms 'Fair Value' Approach for Corporate Crypto Holdings
The new rules by the U.S. accounting standards setter would go into effect in December 2024.
MicroStrategy's Michael Saylor is all smiles after the FASB rule change (Joe Raedle/Getty Images)
By Nikhilesh De
Dec 13, 2023 at 4:25 p.m. UTC
Dec 13, 2023
RegulationsFASBAccounting
New accounting rules on the way for digital assets (Unsplash, modified by CoinDesk using Photomosh)
Finance
Fasb
FASB's Crypto Accounting Shakeup Could Lure More Corporate Investment, Michael Saylor and Others Argue
The U.S. accounting standards board yesterday unanimously voted in favor of "fair value" accounting for crypto assets held on corporate balance sheets.
New accounting rules on the way for digital assets (Unsplash, modified by CoinDesk using Photomosh)
By Stephen Alpher
Sep 7, 2023 at 4:51 p.m. UTC
Sep 7, 2023
FASBBitcoinMichael Saylor
The Financial Accounting Standards Board is issuing the first crypto-specific accounting standard for companies with digital assets. (Krisanapong Detraphiphat/Getty Images)
Policy
Regulations
FASB Says Crypto Assets Should Be Marked at Current Values
The U.S. standard-setting organization for accounting has moved to insist companies use “fair-value” accounting to report their crypto holdings.
The Financial Accounting Standards Board is issuing the first crypto-specific accounting standard for companies with digital assets. (Krisanapong Detraphiphat/Getty Images)
By Jesse Hamilton
Sep 6, 2023 at 6:40 p.m. UTC
Sep 6, 2023
RegulationsAccountingFASBRulemaking
Tesla has previously written down crypto holdings in accounting rules the industry says need an overhaul. (Justin Sullivan/Getty Images)
Policy
Regulations
U.S. Accounting Board Seeks Crypto Standards Requiring Firms to Report Price Shifts
The first U.S. rule for crypto accounting would aim at giving investors a better sense of a company’s digital assets through a “fair-value” approach.
Tesla has previously written down crypto holdings in accounting rules the industry says need an overhaul. (Justin Sullivan/Getty Images)
By Jesse Hamilton
Mar 24, 2023 at 4:21 p.m. UTC
Mar 24, 2023
RegulationsAccountingFASBStandardsdisclosures
FASB is considering new rules to account for swings in the value of cryptocurrency holdings. (Getty Images)
Policy
Fasb
US Accounting Standards Board Member Supports Reporting Crypto Swings as Income: Bloomberg
If adopted, the move would mean cryptocurrency gains and losses would directly impact companies’ earnings.
FASB is considering new rules to account for swings in the value of cryptocurrency holdings. (Getty Images)
By Nelson Wang
Nov 3, 2022 at 6:53 p.m. UTC
Nov 3, 2022
FASBAccounting
FASB considers changing crypto rules (Shutterstock)
Finance
Accounting
FASB Mulls Fair-Value Accounting for Crypto Holdings: Report
Fair-value accounting for crypto will encourage companies to put bitcoin on their balance sheet, according to Michael Saylor.
FASB considers changing crypto rules (Shutterstock)
By Oliver Knight
Oct 13, 2022 at 9:48 a.m. UTC
Oct 13, 2022
AccountingMicroStrategyFASB
Financial Accounting Standards Board to Discuss Crypto at Upcoming Meeting
Video
Nikhilesh de
Financial Accounting Standards Board to Discuss Crypto at Upcoming Meeting
The Financial Accounting Standards Board (FASB) plans to discuss cryptocurrencies at an upcoming meeting. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De disc...
Financial Accounting Standards Board to Discuss Crypto at Upcoming Meeting
By CoinDesk Staff
Aug 29, 2022 at 2:10 p.m. UTC
Aug 29, 2022
Nikhilesh DecdtvFM Clipdigital assetsNik DeFinancial Accounting Standards BoardFASB