HalfMoon Education Inc.’s Post

Cryptocurrency is transforming with the introduction of the Financial Accounting Standards Board's (FASB) ASU 2023-08. This update mandates the fair value subsequent measurement for certain #crypto #assets, a new era of transparency in accounting. For too long, the inability to recognize gains for increases in the fair value of #cryptoassets has been a significant barrier for #institutionalinvestors. The new standard not only breaks down this barrier but also amplifies the appeal of #cryptocurrencies by aligning financial reporting with the true economics of #cryptoinvestments. Key benefits of ASU 2023-08 include enhanced financial transparency, improved stakeholder communications through robust disclosures, and the enticing prospect of recognizing financial statement gains from appreciated crypto holdings. However, this is not without its challenges. Fair value determination, navigating the ASU's narrow scope, adhering to new disclosure requirements, and managing early adoption considerations require meticulous attention and strategic planning. For FractalMind, it presents an unprecedented opportunity to refine our #valuation models with richer #data and #insights, directly benefiting from increased institutional engagement. On the other hand, it underscores the critical need for agility and #compliance with evolving regulatory standards and accounting practices. https://lnkd.in/dS44Nvat

Implementing a new accounting standard can be a tricky process. Our recently issued Heads Up provides perspectives on several frequently asked questions related to the implementation of ASU 2023-08. Don't hesitate to reach out if you have any questions that come up while assessing the impact of this new guidance! #DeloitteHeadsUp #DigitalAssets #FASB #Crypto #FairValue

More transparent accounting and enhanced disclosures under the new FASB rules can provide comprehensive insights into a company's crypto asset holdings. Getting a head start on the new FASB crypto asset rules could provide early potential benefits for companies. Dive into the future of crypto accounting in this Bloomberg Tax article by Amy Park, Audit & Assurance partner at Deloitte & Touche LLP. Amy Park #womenincrypto

New crypto accounting standard has arrived with adoption in 2025, however, one can elect to early adopt. In summary, Crypto assets will be held at Fair Value, with FV changes recorded in income. Check out the details here.

How should companies prepare for new FASB crypto asset accounting rules introducing fair value stand. Talking points - The Financial Accounting Standards Board (FASB) has finalized new guidance that will transform GAAP accounting for certain crypto assets. - The FASB Accounting Standard Update (ASU), which will require fair value subsequent measurement for certain crypto assets, will bring greater transparency to the accounting for those crypto assets. #crypto #deloitte #investing #diversification https://lnkd.in/dgqquM9W

More transparent accounting and enhanced disclosures under the new FASB rules can provide comprehensive insights into a company's crypto asset holdings. Getting a head start on the new FASB crypto asset rules could provide early potential benefits for companies. Dive into the future of crypto accounting in this Bloomberg Tax article by Amy Park, Audit & Assurance partner at Deloitte & Touche LLP.

More transparent accounting and enhanced disclosures under the new FASB rules can provide comprehensive insights into a company's crypto asset holdings. Getting a head start on the new FASB crypto asset rules could provide early potential benefits for companies. Dive into the future of crypto accounting in this Bloomberg Tax article by Amy Park, Audit & Assurance partner at Deloitte & Touche LLP.

More transparent accounting and enhanced disclosures under the new FASB rules can provide comprehensive insights into a company's crypto asset holdings. Getting a head start on the new FASB crypto asset rules could provide early potential benefits for companies. Dive into the future of crypto accounting in this Bloomberg Tax article by Amy Park, Audit & Assurance partner at Deloitte & Touche LLP.

More transparent accounting and enhanced disclosures under the new FASB rules can provide comprehensive insights into a company's crypto asset holdings. Getting a head start on the new FASB crypto asset rules could provide early potential benefits for companies. Dive into the future of crypto accounting in this Bloomberg Tax article by Amy Park, Audit & Assurance partner at Deloitte & Touche LLP.

More transparent accounting and enhanced disclosures under the new FASB rules can provide comprehensive insights into a company's crypto asset holdings. Getting a head start on the new FASB crypto asset rules could provide early potential benefits for companies. Dive into the future of crypto accounting in this Bloomberg Tax article by Amy Park, Audit & Assurance partner at Deloitte & Touche LLP.