Description
Understand how to explain bitcoin payments to clients and how to account for other transactions and investments involving crypto and digital assets under U.S. GAAP.
Designed For
- Accounting and finance professionals
Objectives
- Describe how U.S. GAAP applies to investments and transactions involving crypto assets.
- Identify factors in the analysis of digital asset ownership.
- Describe the efforts of the AICPA to provide further guidance on digital asset accounting under GAAP.
Highlights
- Overview of digital assets
- Accounting for investments in crypto assets like Bitcoin
- Accounting for digital assets received as consideration from a contract with a customer
- Applying the intangible asset accounting model to digital asset holdings
- Accounting for the sale of digital assets
- Factors in determining when to recognize ownership of digital assets