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

Overview

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.

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.

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

Designed For

Public accounting professionals

Management accountants

Consultants with financial clients

Financial services professionals

Prerequisites

An understanding of digital assets

Notice

You will receive an email from the AICPA with instructions to access the webinar.

Fees

Credits

Level

Code

Vendor

Fields of Study

Leader(s):

Sean Prince, Partner, National Office, Crowe LLP

Leader Bios

Sean Prince, Partner, National Office, Crowe LLP

Sean Prince is a partner in the Assurance Professional Practice (National Office) of Crowe LLP. In his role, Sean assists engagement teams and firm clients on the interpretation and application of complex accounting guidance, including revenue recognition, lease accounting, transfers of financial assets, consolidation, and pandemic-related accounting matters. Sean leads the firm’s revenue recognition subject matter expert team, and he also serves as one of Crowe’s formal liaisons with the Financial Accounting Standards Board (FASB). Sean is a frequent presenter at various state and national conferences, including webinars sponsored by the AICPA and Financial Executives International (FEI).

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