/biz/ - Business & Finance

None of you actually know how to make money, do you?

>>24251488
holy shit

normies will be drawn to whatever shitcoins are being shilled on reddit and have the highest 24hr % increase on coingecko because they know nothing. also whatever’s listed on coinbase, because it’ll give them some weird confirmation bias. honestly made a killing buying ethereum classic before the coinbase listing because plebs thought it was cheaper and “better” than ethereum

This is 2018 all over again. So many retards are going to get JUSTED into oblivion.

TAKE SOME PROFIT

>retards thinking it will ever dip below 10k again

>>1406689
>millionaire over 30

Lmao nothing to see here folks.

>>577043
>Do you think that IFRS will be coming to the US?
I'm not American and I don't think the IFRS will be coming to the US anytime soon, you got a retarded GAAP, the only reason you don't make the IFRS and IAS mandatory is because without them you're less likely to be able to commit fraud or making up accounting registries.

>Also, could you explain arguements from both sides on leasing.
Well, the proper way of recognizing the leasing is registering it as any other amortizable asset, acording to IFRSs.

I'd understand that you might want to register the monthly/periodical payments as "expenses", but the truth is that you're acquiring an asset.

So if you're leasing a building, you debit the Building, credit the account payable and you depreciate the building as any other amortizable asset. Registering every monthly payment as an expense and NOT recognizing the building as an asset sounds retarded as fuck.

To be honest I'm not very well versed in American GAAP, all I've heard is that it's needlessly complicated and retarded.