WBTM on Nostr: #FairValueAccounting means a public company reports assets like #Bitcoin at their ...
#FairValueAccounting means a public company reports assets like #Bitcoin at their current market price.
Before this, they had to use the lower of cost or market, often undervaluing their holdings.
This shift to fair value gives a clearer, real-time picture of a company’s worth, making financial statements more accurate and attractive to investors.
If any accountants are reading this, please correct us if we're mistaken!
Published at
2024-06-09 06:37:37Event JSON
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"content": "#FairValueAccounting means a public company reports assets like #Bitcoin at their current market price. \n\nBefore this, they had to use the lower of cost or market, often undervaluing their holdings. \n\nThis shift to fair value gives a clearer, real-time picture of a company’s worth, making financial statements more accurate and attractive to investors. \n\nIf any accountants are reading this, please correct us if we're mistaken! https://image.nostr.build/941d09a525f5e94aab9a60c9873abf7366652fa2c0db14c9e5602cf8f2141422.jpg ",
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