Description
Learn how to apply the AICPA Digital Assets Working Group's practice aid to help account for digital assets.
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.
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