Accounting for Digital Assets Under U.S. GAAP: Crypto Lending and Borrowing

Overview

Crypto lending and borrowing

As you or your clients begin exploring new ways to transact with crypto assets, one of the many possibilities is through involvement with crypto lending and borrowing. Understanding the process of lending and borrowing crypto assets is the first step.

You’ll learn the fundamentals related to these transactions and accounting considerations from the perspectives of both lenders and borrowers.

Note: This webcast has been updated to cover 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.

Part four of a series

This webcast is part four of a series that will bring to life the content incorporated in the AICPA Practice Aid Accounting for and Auditing of Digital Assets.

This webcast will walk you through:

The process of borrowing and lending crypto assets

Crypto lending accounting considerations including derecognition models

Crypto borrowing accounting considerations including how to account for the obligation.

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Whether you're a CPA working with clients or an industry accountant responsible for corporate accounting policy, you'll gain a clear path to help your clients or entity by applying the appropriate accounting standards to digital asset crypto lending and borrowing activities.

Detailed examples and use cases will demonstrate the real-world application of this guidance.

You'll learn valuable information to open your world of crypto assets even more.

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.

Fees

Credits

Level

Code

Vendor

Fields of Study

Leader(s):

Sean Prince, Partner, National Office, Crowe LLP

Leader Bios

Sean Prince, Partner, National Office, Crowe LLP

Sean Prince is a Partner in Crowe LLP’s National Office, where he leads the firm’s revenue recognition subject matter team and advises engagement teams and clients on complex accounting matters under U.S. GAAP. With over 17 years of experience in technical accounting, Sean has spent his career at the intersection of standard-setting and practice — including prior roles at Deloitte’s National Office and the Financial Accounting Standards Board (FASB). He holds both CPA and CFA designations and earned his Master of Accountancy from Brigham Young University in 2007, graduating summa cum laude.

Sean is a nationally recognized educator on ASC 606 and ASC 842, delivering quarterly webcasts to thousands of accounting practitioners across the country. His work focuses on translating the nuances of complex standards into practical, example-driven guidance that practitioners can actually apply — with a particular emphasis on the judgment-intensive areas that draw scrutiny from SEC staff and auditor reviewers. He has presented for state CPA societies, professional associations, and university audiences, consistently earning top speaker ratings.

When he’s not dissecting accounting standards, Sean serves as an AI Transformation Champion for Crowe’s Audit Business Unit and is actively engaged in developing graduate-level accounting curriculum. He lives in Northern Virginia with his wife and eight children.

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