Description
Derivatives, embedded derivatives and mining (Bold)
Complexities with digital assets increase when you move away from the fundamentals and start evaluating contracts to determine if they involve derivatives or have embedded derivatives.
In addition, recording mining revenue has many unique considerations, especially if you have questions about differences related to transaction fees and block rewards or if you or your client are mining independently or within a mining pool.
Part three of a series (bold)
This webcast is part three 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:
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 derivative and mining activities.
Detailed examples and use cases will demonstrate the real-world application of this guidance.
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.
Highlights
Objectives
- Recognize the accounting considerations of a derivative or an embedded derivative in a transaction involving digital assets.
- Identify the accounting considerations when revenue is recognized by mining entities.
Designed For
Course Pricing
WYOCPA Member Fee
$118.00
Non-Member Fee
$142.00
Your Price
$142.00
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