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

Overview

Learn about crypto lending and borrowing considerations when accounting for digital assets under US GAAP.

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.

Course Instructor: Sean Prince

Highlights

What is crypto lending?

The meaning of commonly used crypto lending terms

How the nature of the crypto asset and the terms of the lending arrangement affect accounting arrangements

Which disclosures are applicable based on the facts and circumstances

Prerequisites

An understanding of digital assets

Designed For

Public accounting professionals

Management accountants

Consultants with financial clients

Financial services professionals

Objectives

Identify the process of borrowing and lending crypto assets.
Determine how lenders should account for crypto lending arrangements.
Recognize how borrowers should account for crypto lending arrangements.

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by AICPA. Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.