FASB Approves New Rules for Valuing Crypto Assets in Company Statements
The Financial Accounting Standards Board has unanimously approved new rules for valuing crypto assets in company financial statements. Companies will be required to separately report their crypto assets and cannot group them with intangible assets like patents or trademarks. The new standard aims to provide investors with better information for decision-making and improve financial reporting standards.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
FASB Approves New Rules for Valuing Crypto Assets in Company Statements
The Financial Accounting Standards Board has unanimously approved new rules for valuing crypto assets in company financial statements. Companies will be required to separately report their crypto assets and cannot group them with intangible assets like patents or trademarks. The new standard aims to provide investors with better information for decision-making and improve financial reporting standards.