Accounting for Digital Assets Under US GAAP: Specialized Accounting, Fair Value, and Stablecoins
Online
1.50 Credits
Member Price $69.00
Non-Member Price $85.00
Overview
Guidance on how to account for digital assets (bold):
Accounting for stablecoins may not be stable:
Though the use of digital assets is rapidly expanding, accounting guidance has not kept pace. As a result, accounting for digital assets can feel shaky.
The AICPA can help:
The AICPA practice aid on accounting and auditing for digital assets and this webcast can help you answer the question of what to do when you or your client accounts for stablecoins. You’ll be helped to understand how to account for other transactions and investments involving crypto and digital assets under U.S. GAAP. You’ll also learn more about what the AICPA is doing to lend clarity and guidance to this murky but increasingly important field.
Learn how you can add more value:
Whether you’re a CPA with attest clients or an industry accountant responsible for corporate accounting policy, this guidance will give you a clear path to help your clients or firm by applying the most up-to-date accounting policy. Detailed examples and use cases will demonstrate real-world application of this guidance.
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.
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
Designed For
Prerequisites
None
Notice
You will receive an email from the AICPA with instructions to access the webinar.
Leader(s):
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.
Non-Member Price $85.00
Member Price $69.00