On December 13, 2023, the FASB issued Accounting Standards Update (ASU) 2023-08, Intangibles—Goodwill and Other—Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets. The amendments in ASU 2023-08 require that an entity measure crypto assets at fair value in the statement of financial position each reporting period and recognize changes from remeasurement in net income. The amendments also require that an entity provide enhanced disclosures for both annual and interim reporting periods to provide financial statement users
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ASU 2023-08: Accounting for and Disclosure of Crypto Assets
Dec 19, 2023 · 1 min read
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Download the CPEA alert - December 2023 - ASU 2023-08 Accounting for and disclosure of crypto assets
File name: cpea-alert-december-2023-asu-2023-08-accounting-for-and-disclosure-of-crypto.pdf
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