Currently, accounting rules only let companies record increases in the value of their digital assets when they sell them – though losses are reflected at least once a year. But, on Wednesday, the Financial Accounting Standards Board (FASB) voted to take another path, letting companies use fair-value accounting that allows them to show gains and losses immediately on their income statements.
Source: https://www.coindesk.com/business/2023/09/07/fasbs-crypto-accounting-shakeup-could-lure-more-corporate-investment-michael-saylor-and-others-argue/?utm_medium=referral&utm_source=rss&utm_campaign=headlines