Accounting for digital assets under US GAAP: Specialized accounting, fair value, and stablecoins
In this webcast, you'll learn how to apply the AICPA Digital Assets Working Group’s practice aid to help account for digital assets.
Format
Webcast
NASBA Field of Study
Accounting
Level
Basic
CPE Credits
1.5
Instructor
Sean Prince
Availability
Product Number
WC4545690
Guidance on how to account for digital assets:
Though the use of digital assets is rapidly expanding, accounting guidance has not kept pace. As a result, accounting for digital assets can be a cause for concern.
The AICPA can help: The AICPA practice aid on accounting for and auditing of digital assets and this webcast can help you answer the question of what to do when your client enters the world of digital assets. Whether your client is an investment company or a broker dealer applying specialized accounting, has questions related to the application of fair value, or has decided to get involved with stablecoins, you'll gain an understanding of how to account for transactions and investments involving digital assets under U.S. GAAP. You’ll also learn more about what the AICPA is doing to lend clarity and guidance to this murky but increasingly important field.
Learn how you can add more value: Whether you’re a CPA or an industry accountant responsible for corporate accounting policy, this guidance will give you a clear path to help your clients or entity. Detailed examples and use cases will demonstrate real-world application of this guidance.
Note: Within this webcast, all mentions of the phrase crypto assets are synonymous with digital assets.
Key Topics
- Guidance on how to account for digital assets
- Fair value of digital assets under FASB ASC 820
- Accounting for stablecoins
- Specialized industry practice for digital asset accounting
Learning Outcomes
- Recall guidance on how to account for digital assets under U.S. generally accepted accounting principles (GAAP).
- Determine how reporting entities that apply specialized industry guidance should account for their involvement with digital assets.
- Identify factors that affect the fair value measurement of digital assets under FASB ASC 820.
- Determine how stablecoins are accounted for under GAAP.
Who Will Benefit
- Public accounting professionals
- Management accountants
- Consultants with financial clients
- Financial services professionals
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