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

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 assets (for example, bitcoin) and other digital assets under US GA

Note: FASB issued ASU No. 2023-08, Intangibles—Goodwill and Other—Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets, which is effective for all entities for fiscal years beginning after December 15, 2024. This ASU is not yet reflected in this webcast.

Learning Objectives:

-Recognize how US GAAP applies to investments in, and transactions involving crypto 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 crypto and digital assets

This is an AICPA hosted webcast. You will launch the course from your OSCPA learning center portal. AICPA will issue and maintain your credits. Please make sure to download your CPE certificate from AICPA webcast portal at the conclusion of the webcast.