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Accounting for Digital Assets under US GAAP: Classification, Measurement, and Recognition
Accounting & Financial Reporting
Webcast

Accounting for Digital Assets under US GAAP: Classification, Measurement, and Recognition

Attend this webcast to learn about digital assets and how to account for transactions with them or investments in them, under US GAAP.

$75 - $89
Do you have an AICPA or CIMA membership? Log in to apply your member discount.

Format

Webcast

NASBA Field of Study

Accounting

Level

Basic

CPE Credits

1

Instructor

Sean Prince

Availability

Product Number

WC4597224

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 Business & partner 
Product Details

What is a digital asset and how does US GAAP apply?

This webcast will provide you with an understanding of how to account for investments in, or transactions involving, crypto intangible assets (for example, bitcoin) and other digital assets under US GAAP.

Key Topics

  • Brief overview of digital assets.
  • How to account for investments in crypto intangible assets, like bitcoin.
  • How to account for the receipt of digital assets when received as consideration from a contract with a customer.
  • How to apply the intangible asset accounting model to holdings of digital assets.
  • How to account for the sale of digital assets.
  • Factors that custodians or depositors of digital assets may consider to determine when to recognize ownership of digital assets.

Learning Outcomes

  • Recognize how US GAAP applies to investments in, and transactions involving digital assets.
  • Identify factors to use in the analysis of ownership of a digital asset
  • Recall the efforts of the AICPA to provide further guidance on how to account for digital assets under US GAAP.

Who Will Benefit

  • Accounting and finance professionals who need to know how to account for digital assets
Credit Info
CPE Credits
1
NASBA Field of Study
Accounting
Level
Basic
Prerequisites
None
Access
This is a digital product. With full paid access the content will be available to you for 3 months after purchase date.
Duration
1 hr
For more information, please refer to CPE requirements and NASBA sponsorship information
Pricing
Do you have an AICPA or CIMA membership? Log in to apply your member discount.
Nonmembers
$89.00
AICPA Members
$75.00
CIMA Members
$75.00

Group ordering for your team

2 to 5 registrants

Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.

Start order

6+ registrants

We can help with group discounts. Email client.support@aicpa-cima.com
US customers call 1-800-634-6780 (option 1)

Contact us
Speakers
Sean Prince
Sean is a partner in Crowe’s National Office. In this role, he consults with audit teams and clients on the interpretation and application of complex accounting guidance, including revenue recognition, lease accounting, and the accounting for crypto assets. He currently serves as the Firm’s subject matter expert lead on revenue recognition. He serves as the Firm’s formal liaison with the Financial Accounting Standards Board (FASB). In addition, Sean currently serves on the AICPA’s Digital Assets Working Group. Prior to joining Crowe, Sean led the accounting advisory practice of a national accounting firm. In that role, he primarily assisted Fortune 100 companies with their adoption of new accounting standards and/or the application of complex accounting guidance to one-off transactions. Sean also previously served in the National Office and accounting advisory practice of a global accounting firm. While there, he specialized in lease accounting, consolidation, and the accounting for financial instruments. Sean began his career at the FASB as a postgraduate technical assistant. While on the FASB staff, he worked on projects related to derivatives & hedging, not-for-profit accounting, and the FASB’s conceptual framework.
Accessibility

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services.The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.

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