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New Crypto Assets Accounting and Disclosure Requirements: Implementing ASU 2023-08

Scope, Measurement, and Financial Statement Presentation Under the New Standard

A live 110-minute CPE video webinar

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.

Friday, July 19, 2024

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

Early Registration Discount Deadline, Friday, June 21, 2024

or call 1-800-926-7926

This webinar will closely examine ASU 2023-08, Accounting for and Disclosures of Crypto Assets. Our knowledgeable panel of accounting and auditing professionals will describe each component of the new ASU and explain the steps to transition to the latest reporting guidelines for those responsible for preparing and reviewing financial statements.


In December 2023, FASB issued a new ASU to better account for the volatile nature of crypto assets. The new standard applies to any entity issuing financial statements that holds cryptocurrency or similar assets. The scope guidance outlines which assets are covered by the new ASU. Among the requirements is that the asset be intangible and must be created or reside on a distributed blockchain ledger or similar technology.

Crypto assets are now reported separately from other intangible assets on the balance sheet, and their gains and losses are reported separately on the income statement. Unlike other intangible assets, crypto assets are valued at fair value. The volatile fluctuations alone will provide challenges for accounting and auditing professionals. The new standard is effective for periods beginning after Dec. 15, 2024; early adoption is permitted. Financial statement preparers and advisers must fully understand the new reporting and disclosure requirements.

Listen as our panel of blockchain reporting experts explains the requirements of ASU 2023-08 and offers recommendations for its implementation.



  1. New ASU 2023-08, Accounting for and Disclosures of Crypto Assets: introduction
  2. Background
  3. Scope
  4. Measurement
  5. Financial statement presentation
  6. Disclosures
  7. Making the transition


The panel will cover these and other critical issues:

  • Identifying assets subject to the crypto reporting requirements of ASU 2023-08
  • Transitioning crypto assets to the fair value reporting requirements
  • New disclosure requirements under ASU 2023-08
  • Examples of financial statement reporting of crypto assets


Michitsch, Graham
Graham Michitsch, CPA

Senior Manager Risk Accounting & Advisory Services
Cherry Bekaert Advisory

Mr. Michitsch is a Senior Manager in the Risk Accounting & Advisory Services practice with more than 12 years of...  |  Read More

Additional faculty
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