Crypto Assets and the Investment Management Industry
Description
Dive into the world of cryptocurrency accounting with this CPE-eligible (1.5 CPE) accounting for cryptocurrency CPE course, designed to equip accounting and audit professionals with the knowledge to navigate this rapidly evolving asset class. Bitcoin, launched in 2009, remains the most widely held cryptocurrency, boasting a market capitalization of over $2 trillion at the time of this course’s publication. Despite its prominence, it took the FASB 14 years to release accounting guidance (ASU 2023-08), which became effective for the first time in 2025. This ASU created a new subtopic in ASC 350 - ASC 350-60, Goodwill and Other - Crypto Assets. This new area of the codification covers the accounting for and disclosure of crypto assets.
Join your instructors, Bob and Mike, on a fun and engaging journey through accounting for crypto assets. This accounting for cryptocurrency CPE course begins with an introduction to crypto assets. It offers examples and a discussion of their classification under U.S. GAAP. After that, you explore the accounting for cryptocurrency and disclosure of crypto assets as defined in ASC 350-60. Additionally, the course covers specialized accounting for investment companies under ASC 946, highlighting the interplay between ASC 350-60 and ASC 946 for entities managing crypto assets.
Topics covered in this course include:
- Accounting for and disclosure of crypto assets under ASC 350-60
- Issues and special considerations for investment funds applying ASC 946
This course is conversational and examples-based, offering you plenty of insights and resources to assist you on your accounting journey! If your organization or clients hold crypto assets, this accounting for cryptocurrency CPE course provides the insights you need to understand their accounting and disclosure requirements.
Interested in group discounts for your team? Contact us to learn more.
Course Outline
This course includes the following Topics:
1. Topic 1: Introduction
2. Topic 2: Accounting for and disclosure of crypto assets (ASC 350-60)
3. Topic 3: Issues and special considerations for investment funds
4. Topic 4: Wrap-up
Learning Objectives
By the end of this course, you should be able to:
- Recall the accounting for and disclosure of crypto assets in accordance with U.S. GAAP
- Identify the issues associated with accounting for crypto assets by investment management entities
Additional Information
| Last Updated | 12/01/2024 |
|---|---|
| CPE Credit | 1.5 |
| Field of Study | Accounting |
| Instructional Delivery Method | QAS Self Study |
| Knowledge Level | Overview |
| Prerequisites | None |
| Advanced Preparation | None |
| Expiration | This course, collection, or subscription expires one year from the date of purchase. The post-course assessment for each course must be satisfactorily completed, as evidenced by a passing grade of at least 70%, by the expiration date to be awarded any qualifying continuing professional education (CPE) credit. |
| Refund or Cancellation Policy | For more information regarding refunds, concerns, and program cancellation policies, please contact the GAAP Dynamics Support Team via email at support@gaapdynamics.com or call (804) 897-0608. |
$180
1h 30m
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