Accounting for Digital Assets under U.S. GAAP, Part II WEBCAST

Wednesday, August 25 10:00am - 11:30am PDT

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Your Desk

1.5 Credits

Member Price $79.00

Non-Member Price $99.00

Overview

Though the use of digital assets is rapidly expanding, accounting guidance has not kept pace. As a result, accounting for digital assets can feel shaky. The AICPA practice aid on accounting and auditing for digital assets and this webcast can help you answer the question of what to do when you or your client accounts for stablecoins. You’ll be helped to understand how to account for other transactions and investments involving crypto and 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. Detailed examples and use cases will demonstrate real-world application of this guidance.

Highlights

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.

Prerequisites

None.

Designed For

Public accounting professionals. Management accountants. Consultants with financial clients. Financial services professionals.

Objectives

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.

Preparation

None.

Notice

None.

Leader(s):

  • Sean Prince

Non-Member Price $99.00

Member Price $79.00