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Accounting for Digital Assets Under U.S. GAAP: Crypto lending and borrowing

Friday, Feb. 20
 11:00am - 12:00pm

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1.00 Credits

Member Price $75.00

Non-Member Price $89.00

Overview

You’ll learn about crypto lending and borrowing considerations when accounting for digital assets under U.S. GAAP.

Objectives

  • Identify the process of borrowing and lending crypto assets.
  • Determine how lenders should account for crypto lending arrangements.
  • Recognize how borrowers should account for crypto lending arrangements.

Highlights

  • What is crypto lending?
  • The meaning of commonly used crypto lending terms
  • How the nature of the crypto asset and the terms of the lending arrangement affect accounting arrangements
  • Which disclosures are applicable based on the facts and circumstances
  • FASB ASU No. 2023-08,
    • Intangibles-Goodwill and Other-Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets

    Designed For

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

    Prerequisites

    An understanding of digital assets

    Notice

    You will receive an email from the AICPA with instructions to access the webinar.

  • Leader(s):

    Leader Bios

    Sean Prince

    Sean Prince is a Postgraduate Technical Assistant with the Financial Accounting Standards Board. At the FASB, Sean has worked on various projects, including Financial Instruments with Characteristics of Equity, the Conceptual Framework, Credit Derivative disclosures, and various not-for-profit matters. Previously, Sean interned with Freddie Mac in its accounting policy group as well as with Deloitte in its audit practice. Sean graduated with both his Bachelors and Masters degrees in accounting from Brigham Young University.

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    Non-Member Price $89.00

    Member Price $75.00