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Blockchain for Digital Assets: Accounting for Digital Assets Under U.S. GAAP
Technology
CPE Self-study

Blockchain for Digital Assets: Accounting for Digital Assets Under U.S. GAAP

Understand how to explain bitcoin payments to clients and how to account for other transactions and investments involving crypto and digital assets under U.S. GAAP.

$59 - $69
Do you have an AICPA membership? Log in to apply your member discount.

Format

Online

NASBA Field of Study

Information Technology

Level

Basic

CPE Credits

1

Author(s)

Sean Prince

Availability

1 year

Product Number

188410

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 Business & partner 
Product Details

Your client got paid in Bitcoin. Now what?

Are crypto assets financial assets, a form of currency...or something else? Although the use of crypto assets (and the number of different types of crypto assets) is rapidly expanding, accounting guidance has not kept pace.

This self-study CPE course will help you answer the question of what to do when your client is paid in Bitcoin, as well help you understand how to account for other transactions and investments involving crypto and digital assets under U.S. GAAP.

Crypto asset accounting shouldn't be cryptic.

With easy−to−digest key learnings and applicable real-world examples, this course will help you assess the rights and obligations associated with digital asset holdings, select the correct accounting treatment, apply relevant SEC rules and FASB standards, and more.

You'll also learn what the AICPA is doing to lend clarity, and guidance, to this murky but important field.

Ratings and reviews

Who Will Benefit
  • Accounting and finance professionals
Key Topics
  • Overview of digital assets
  • Accounting for investments in crypto assets like Bitcoin
  • Accounting for digital assets received as consideration from a contract with a customer
  • Applying the intangible asset accounting model to digital asset holdings
  • Accounting for the sale of digital assets
  • Factors in determining when to recognize ownership of digital assets
Learning Outcomes
  • Describe how U.S. GAAP applies to investments and transactions involving crypto assets.
  • Identify factors in the analysis of digital asset ownership.
  • Describe the efforts of the AICPA to provide further guidance on digital asset accounting under GAAP.
Credit Info
CPE Credits
Online
1
NASBA Field of Study
Information Technology
Level
Basic
Prerequisites
None
Access
Online
This is a digital product. With full paid access the content will be available to you for 1 year after purchase date.
Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
Online
$69.00
AICPA Members
Online
$59.00

Group ordering for your team

2 to 5 registrants

Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.

Start order

6+ registrants

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at salessupport@aicpa.org

Contact us
Instructors
Sean Prince
"Sean is a Managing Director in Crowe's Assurance Professional Practice (or National Office). His primary responsibility is to support Crowe's audit practice with the application and interpretation of complex accounting guidance, including financial instruments, hedge accounting, revenue recognition, and accounting for cryptocurrency. He currently serves as the firm's revenue recognition SME co-leader. Prior to joining Crowe, Sean served for two years as the leader of the accounting advisory practice at a national accounting firm, assisting clients with the application of complex accounting guidance and the implementation of new accounting standards. Sean began his career as a postgraduate technical assistant (PTA) with the Financial Accounting Standards Board (FASB). Sean graduated summa cum laude from Brigham Young University with both Bachelors and Masters degrees in accounting. Sean currently holds an active CPA license in both New York and Connecticut, and is a member of the AICPA and New York State Society of CPAs."
Accessibility

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services. The Association is committed to making professional learning accessible to all. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. For accommodation requests, please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.

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Cancellation Policy
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Blockchain for Digital Assets: Accounting for Digital Assets Under U.S. GAAP
Select from the following options:
Online
$69.00
Nonmember Price
$69.00
Price excluding sales tax
$69.00
Do you have an AICPA membership? 
Log in to apply your member discount.
Shipping cost and sales tax will be added later during checkout

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