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Accounting for Digital Assets under U.S. GAAP, Part II
Accounting & Reporting
Webcast

Accounting for Digital Assets under U.S. GAAP, Part II

In this webcast, you'll learn how to apply the AICPA Digital Assets Working Group’s practice aid to help account for digital assets.

$79 - $99
Do you have an AICPA membership? Log in to apply your member discount.

Format

Webcast

Date

Aug 25, 2021

NASBA Field of Study

Accounting

Level

Basic

CPE Credits

1.5

Author(s)

Sean Prince

Availability

3 months

Product Number

WC3017752

 Business & partner 
Product Details

Guidance on how to account for digital assets?

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.

Who Will Benefit
  • Financial services professionals
  • Consultants with financial clients
  • Management accountants
  • Public accounting professionals
Key Topics
  • Specialized industry practice for digital asset accounting
  • Accounting for stablecoins
  • Fair value of digital assets under FASB ASC 820
  • Guidance on how to account for digital assets
Learning Outcomes
  • Determine how stablecoins are accounted for under GAAP
  • Identify factors that affect the fair value measurement of digital assets under FASB ASC 820
  • Determine how reporting entities that apply specialized industry guidance should account for their involvement with digital assets
  • Recall guidance on how to account for digital assets under U.S. generally accepted accounting principles (GAAP)
Credit Info
CPE Credits
1.5
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
1.5 hrs
Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
$99.00
AICPA Members
$79.00

Group ordering for your team

2 to 5 registrants

Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.

Start order

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 product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional 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 U.S. GAAP, Part II
Aug 25, 2021
Select from the following options:
Aug 25, 2021
5pm6:30pm GMT
Nonmember Price
$99.00
Price excluding sales tax
$99.00
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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