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Accounting for Digital Assets under US GAAP
Accounting & Reporting
Webcast

Accounting for Digital Assets under US GAAP

Attend this webcast to learn about digital assets and how to account for transactions with them or investments in them, under US GAAP.

$59 - $69
Do you have an AICPA membership? Log in to apply your member discount.

Format

Webcast

Date

Aug 24, 2021

NASBA Field of Study

Accounting

Level

Basic

CPE Credits

1

Author(s)

Sean Prince

Availability

3 months

Product Number

WC3017898

 Business & partner 
Product Details

What is a digital asset and how does US GAAP apply?

This webcast will provide you with an understanding of how to account for investments in, or transactions involving, crypto assets (for example, bitcoin) and other digital assets under US GAAP. We will introduce the concept of digital assets and will then explain how US GAAP applies to several real-world transactions involving digital assets. For example, how would a business account for the receipt of a digital asset as payment under a revenue contract with a customer? Also, learn more about the efforts by the AICPA to provide further guidance on how to account for digital assets under US GAAP.

Who Will Benefit
  • Accounting and finance professionals who need to know how to account for crypto and digital assets
Key Topics
  • Brief overview of digital assets.
  • How to account for investments in crypto assets, like bitcoin.
  • How to account for the receipt of digital assets when received as consideration from a contract with a customer.
  • How to apply the intangible asset accounting model to holdings of digital assets.
  • How to account for the sale of digital assets.
  • Factors that custodians or depositors of digital assets may consider to determine when to recognize ownership of digital assets.
Learning Outcomes
  • Recognize how US GAAP applies to investments in, and transactions involving crypto assets
  • Identify factors to use in the analysis of ownership of a digital asset
  • Recall the efforts of the AICPA to provide further guidance on how to account for digital assets under US GAAP
Credit Info
CPE Credits
1
NASBA Field of Study
Accounting
Level
Basic
Prerequisites
None
Access
This is a live event. You will have access on the date/time of broadcast and the archive for 3 months after the broadcast date.
Duration
1
Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
$69.00
AICPA Members
$59.00

Group ordering for your team

2 to 5 registrants

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6+ registrants

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at salessupport@aicpa.org

Contact us
Speakers
Sean Prince
"Sean is a Managing Director in Crowe's Assurance Professional Practice (or National Office). His primary responsibility is to support Crowe's audit practice with the application and interpretation of complex accounting guidance, including financial instruments, hedge accounting, revenue recognition, and accounting for cryptocurrency. He currently serves as the firm's revenue recognition SME co-leader. Prior to joining Crowe, Sean served for two years as the leader of the accounting advisory practice at a national accounting firm, assisting clients with the application of complex accounting guidance and the implementation of new accounting standards. Sean began his career as a postgraduate technical assistant (PTA) with the Financial Accounting Standards Board (FASB). Sean graduated summa cum laude from Brigham Young University with both Bachelors and Masters degrees in accounting. Sean currently holds an active CPA license in both New York and Connecticut, and is a member of the AICPA and New York State Society of CPAs."
Accessibility

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services. The Association is committed to making professional learning accessible to all. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. For accommodation requests, please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.

Cancellation Policy
View our Cancellation policy here
Accounting for Digital Assets under US GAAP
Aug 24, 2021
Select from the following options:
Aug 24, 2021
5pm6pm GMT
Nonmember Price
$69.00
Price excluding sales tax
$69.00
Do you have an AICPA membership? 
Log in to apply your member discount.
Shipping cost and sales tax will be added later during checkout

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