Accounting for Digital Assets Under U.S. GAAP, Part IV

Overview

Crypto lending and borrowing [bold] As you or your clients start to explore new ways to transact with crypto assets, one of the many possibilities is through involvement with crypto lending and borrowing. Gaining an understanding of the process of lending and borrowing crypto assets is the first step.

This webcast provides the fundamentals related to these transactions and considerations for accounting from the perspectives of both lender and borrower.

Part four of a series [bold] 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.

Add more value [bold] Whether you’re a CPA working with clients or an industry accountant responsible for corporate accounting policy, this webcast will give you a clear path to help your clients or entity by applying the appropriate accounting standards to your digital asset crypto lending and borrowing activities. Detailed examples and use cases will demonstrate the real-world application of this guidance.

Learn valuable information to open your world of crypto assets even more.

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.

Highlights