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  • videocam On-Demand
  • signal_cellular_alt Intermediate
  • card_travel Accounting
  • schedule 110 minutes

Accounting for Cryptocurrency and Digital Assets: New FASB Guidelines, Financial Reporting and Disclosures

$197.00

This course is $0 with these passes:

CPE
ALL
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Description

Many businesses believe they must accept cryptocurrency to remain competitive. Others have purchased cryptocurrency or NFTs (non-fungible tokens) as investments. Reporting digital transactions is complicated by the varying nature of these assets, how they are held and used by businesses, and the lack of substantial authoritative guidance on accounting for their existence.

The FASB has stated that said cryptocurrencies should be reported at fair value beginning in 2025. This reflects the use of cryptocurrency by investors and aligns its reporting with other financial assets. For practitioners, this means these investments would be reported in accordance with guidelines in Topic 820, Fair Value Measurement.

The announcement resolves some issues and leaves many others unresolved. Only specific cryptocurrency is covered under the new guidelines; NFTs, for example, are not addressed. Likewise, financial statement presentation and required disclosures have not been covered. Accounting and auditing professionals need to stay abreast of the latest developments and guidelines.

Listen as our panel of accounting, audit, and valuation experts discusses what is known and not known, as well as best practices for companies handling digital assets.

Presented By

Mark Eckerle
Partner
Withum Smith + Brown, PC

Mr. Eckerle is an audit professional specializing in the technology and emerging growth industry with client concentrations in digital asset and blockchain technology. He has over 8 years of experience providing accounting, auditing and business advisory services to digital asset and blockchain technology companies. Mr. Eckerle is the Team Leader of Withum’s Digital Currency and Blockchain Technology Services and is the host of Withum’s Cryptonomix podcast series as well as author of numerous articles and frequent presenter at workshops and seminars on digital assets and blockchain technology.

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Alex Schwartz
Vice President of Accounting
Parent: Propeller Industries LLC

Mr. Schwartz joined Propeller Industries in 2022 with experience in the Advertising and Ad-Tech space, as well as SaaS private industry experience. He has experience with a variety of accounting roles, serving as Corporate Controller (Anticimex), and Global Assistant Controller (Sterling). Prior to his private industry experience, Mr. Schwartz spent seven years at Deloitte in their New York Commercial Audit Practice. He earned a Bachelors in Accountancy and Information Technology from Hofstra University. During his time at Deloitte, Mr. Schwartz attained CPA certification in New York. 

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Credit Information

  • BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

Date + Time

  • event

    Thursday, August 28, 2025

  • schedule

    1:00 p.m. ET./10:00 a.m. PT

I. Digital assets defined

II. Classifying and valuing digital assets

III. ASU 23-08 - Accounting and Disclosure of Crypto Assets

IV. Accounting for purchases and receipts of digital assets

V. Recording disposition of digital assets

VI. Financial statement reporting and disclosures

VII. Best practices

The panel will cover these and other critical issues:

  • Financial statement disclosures related to cryptocurrency
  • Implementing accounting and disclosure requirements for crypto assets
  • Utilizing Topic 820, Fair Value Measurement to report certain cryptocurrency
  • Measuring and valuing digital assets
  • Recording the receipt of cryptocurrency in exchange for goods and services

Learning Objectives

After completing this course, you will be able to:

  • Recognize various types of digital assets, including cryptocurrencies
  • Determine how to measure and value digital assets
  • Identify factors that influence marketability
  • Establish how to record the receipt of cryptocurrency in exchange for goods and services
  • Verify GAAP accounting practices governing cryptocurrencies are met
  • Field of Study: Accounting
  • Level of Knowledge:
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite:

    Three years+ business or public firm experience, preparing reviewed, compiled, and audited financial statements and the relative disclosures. Specific knowledge and understanding of GAAP, SSARS, and peer review policies.


BARBRI is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.

BARBRI CE webinars-powered by Strafford-are backed by our 100% unconditional money-back guarantee: If you are not satisfied with any of our products, simply let us know and get a full refund. Contact us at 1-800-926-7926 .