FMN Plus-2024/May, Seg 1 - New Guidance on Accounting for and Disclosure of Crypto Assets
Crypto assets have evolved from the inception of Bitcoin in 2009 to a diverse ecosystem encompassing thousands of digital currencies. This evolution has witnessed increased adoption, regulatory scrutiny, and innovation in blockchain technology. Aaron Jacob, Vice President of Accounting with TaxBit, joins this segment to discuss the FASB’s new accounting standards update related to crypto assets, including the assets in scope, recognition, presentation, and disclosure requirements, as well as considerations for companies when adopting the new amendments.
Learning Objectives:
- Identify digital assets in scope of the new accounting guidance
- Identify how crypto assets are recognized on the balance sheet and income statement
- Recognize presentation and disclosure requirements related to crypto assets
- Identify key considerations with respect to adopting the new guidance on crypto assets
Prerequisites/Advanced Preparation:
None
Details
Course Code
:
FMN1562-FM
Release Date
:
05/10/2024
|
Expire Date
:
12/13/2025
|
Credits
:
|
Length
:
1hr 40min
|
Course Level
:
Update
|
Course Type
:
QAS Self-Study
|
Passing Grade
:
70%
|
Format Type
:
eLearning
Mobile Compatible
|
Field Of Study
:
Accounting
|
|
Theme
:
Financial Accounting Issues
|