Accounting for Digital Assets Self-Study Webinar
Overview
Digital assets present unique accounting and disclosure challenges as standards evolve. This self-study webinar explores how recent guidance impacts financial reporting and highlights key considerations for organizations involved in crypto-related transactions. You’ll learn how to:
- Navigate emerging accounting standards for digital assets
- Identify financial reporting implications of new transaction types
- Maintain consistency and transparency in disclosures
Objective
To provide CPAs and other finance professionals with the knowledge needed to apply current accounting guidance for digital assets and prepare for ongoing changes in standards and regulatory expectations.
DETAILED LEARNING OBJECTIVES
• Recognize where cryptocurrency is recorded on the balance sheet
• Identify subsequent accounting treatment of crypto assets
• Identify how many criterion crypto assets need to meet to be accounted for under ASU 2023-08
• Identify required disclosure elements for significant crypto asset holdings under ASU 2023-08
• Recognize where proceeds from crypto asset sales are recorded on the statement of cash flow
• Understand how control considerations impact balance sheet recognition of cryptocurrencies held in custody arrangements
• Recognize current FASB digital asset projects related to classification and accounting for transfers of crypto assets
Emphasis
- A brief history of cryptocurrencies
- Types of crypto asset transactions
- Accounting for and disclosure of crypto assets before and after ASU 2023-08
- Applying fair value measurement and disclosure requirements introduced by ASU 2023-08
- Changes to custody of cryptocurrencies with SAB 122
- Accounting considerations for:
– Non-fungible tokens (NFTs)
– Lending and borrowing cryptocurrencies
– Stablecoin holdings - New FASB projects on digital assets
Speakers
Angela Newell, Professional Practice Principal, Accounting, BDO USA, P.C.
This course is included in the following subscriptions:
Need more than one course? Upgrade to a subscription and save.
View Subscriptions