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Jake Woodhouse · 48w

What’s the best resource for a summary on FASB alterations and impacts? Certainly an area I’ve not delved into much When you say “revenue” I am confused. Owning Bitcoin on the balance sheet...

Jason the Original @Jason the Original 1742330014

Value up from first day of quarter to last day is revenue. Down is lost revenue. Check tsla q4 report they reported using FASB

Jason the Original · 48w

FASB (Financial Accounting Standards Board) recently changed its accounting rules for Bitcoin (BTC), which has major implications for companies holding BTC, like MicroStrategy (MSTR). Old FASB Rules (Pre-2024) BTC was classified as an intangible asset (like goodwill or trademarks). Companies had ...