Bitcoin Forum
July 17, 2019, 05:35:08 AM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Bitcoin accounting meeting FASB standards? Stopping companies from using it?  (Read 878 times)
WhatsBitcoin
Hero Member
*****
Offline Offline

Activity: 574
Merit: 502



View Profile
December 19, 2014, 06:28:07 AM
 #1

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?

Get sick. Get well.
1563341708
Hero Member
*
Offline Offline

Posts: 1563341708

View Profile Personal Message (Offline)

Ignore
1563341708
Reply with quote  #2

1563341708
Report to moderator
1563341708
Hero Member
*
Offline Offline

Posts: 1563341708

View Profile Personal Message (Offline)

Ignore
1563341708
Reply with quote  #2

1563341708
Report to moderator
1563341708
Hero Member
*
Offline Offline

Posts: 1563341708

View Profile Personal Message (Offline)

Ignore
1563341708
Reply with quote  #2

1563341708
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1563341708
Hero Member
*
Offline Offline

Posts: 1563341708

View Profile Personal Message (Offline)

Ignore
1563341708
Reply with quote  #2

1563341708
Report to moderator
exoton
Sr. Member
****
Offline Offline

Activity: 350
Merit: 250


View Profile
December 20, 2014, 11:31:46 AM
 #2

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
goozman96
Hero Member
*****
Offline Offline

Activity: 714
Merit: 500



View Profile
December 22, 2014, 01:43:05 AM
 #3

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.

BTC: 19DKtsdGfQyFzNiEze9KuFQrWGiLDvg6F1 | LTC: LbV6UGyjYbVP49NvQFmuAnkADcaFYvNagK | NMC: NDCdMJmTmGH54Cezmo3CwSxAC7grAoZJbj
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!