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

A live 110-minute CPE video webinar with interactive Q&A

This program is included with the Strafford CPE Pass. Click for more information.
This program is included with the Strafford CPE+ Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Thursday, August 28, 2025

1:00pm-2:50pm EDT, 10:00am-11:50am PDT

Early Registration Discount Deadline, Friday, August 1, 2025

or call 1-800-926-7926
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This webinar will explain recording the receipt, disposition, and financial reporting aspects of digital assets, including cryptocurrency, for accountants and auditors. Our panel of accounting and audit experts will provide recommendations for accounting for these assets that are quickly becoming commonplace.

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.

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Outline

  1. Digital assets defined
  2. Classifying and valuing digital assets
  3. ASU 23-08 - Accounting and Disclosure of Crypto Assets
  4. Accounting for purchases and receipts of digital assets
  5. Recording disposition of digital assets
  6. Financial statement reporting and disclosures
  7. Best practices

Benefits

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

Faculty

Eckerle, Mark
Mark Eckerle, CPA
Partner
Withum Smith + Brown

Mr. Eckerle is an audit professional specializing in the technology and emerging growth industry with client...  |  Read More

Schwartz, Alex
Alex Schwartz
Vice President of Accounting
Propeller Industries

Mr. Schwartz joined Propeller Industries in 2022 with experience in the Advertising and Ad-Tech space, as...  |  Read More

Attend on August 28

Early Discount (through 08/01/25)

CPE credit processing is available for an additional fee of $39.
CPE processing must be ordered prior to the event. See NASBA details.

Cannot Attend August 28?

Early Discount (through 08/01/25)

CPE credit is not available on downloads.

CPE On-Demand

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