After a long drawn out phase, the FASB (Financial Accounting Standards Board) has released their new guidelines for hedge fund accounting…
“The Financial Accounting Standards Board has released its long-awaited hedging standard, the final component of its financial instruments convergence project with the International Accounting Standards Board…” [ Read more here ]
Digital and crypto-currencies have exploded as a go to currency on the web, with their share prices typically skyrocketing shortly after inception. The market has been largely unregulated, but that may change with the Financial Accounting Standards Board (FASB) taking aim at the issue.
“According to Reuters, the FASB – which sets accounting standards for publicly traded US firms – hasn’t yet decided if it will develop new guidelines for companies dealing with bitcoin and other cryptocurrencies. However, the non-profit is apparently assessing whether it should begin that process following a request from the Washington, DC-based Chamber of Digital Commerce…” [ Read more here ]