Topic: Bitcoin accounting meeting FASB standards? Stopping companies from using it? (Read 931 times)
December 21, 2014, 09:43:05 PM
The easiest way to accept bitcoin would be through Coinbase or Bitpay. They already have the tools made. Tell them to check out those options and reconsider it.
December 20, 2014, 07:31:46 AM
There is no real reason for companies to hold any significant amount of bicoin. Unless the company in question is a hedge fund, companies should not be speculating with their assets. A company should either invest in things directly related to their business or in an asset that allows them to pay their expenses. The fact that there are virtually no businesses that accept bitcoin on a b2b basis, there is no real reason for companies to hold bitcoin
December 19, 2014, 02:28:07 AM
What standards are there set for bitcoin when it comes to accounting? I spoke with a member high up in a highly traded public company and when I spoke about introducing bitcoin into their payment offerings, he told me accounting for the transactions would be the hard part. I doubt this somewhat but also understand it.
Is he just lazy or is it really that hard to follow standards for offering products via bitcoin?
Is he just lazy or is it really that hard to follow standards for offering products via bitcoin?
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