Accounting for Cryptocurrency and Digital Assets: New FASB Guidance, Financial Reporting and Disclosures
Recording of a 110-minute CPE video webinar with Q&A
This webinar will explain recording the receipt, disposition, and financial reporting aspects of digital assets, including cryptocurrency, for accountants and auditors. Our panel of accounting and audit experts will provide recommendations for accounting for these assets that are quickly becoming commonplace.
Outline
- Digital assets defined
- Classifying and valuing digital assets
- New FASB guidance
- Accounting for purchases and receipts of digital assets
- Recording disposition of digital assets
- Financial statement reporting and disclosures
- Best practices
Benefits
The panel will cover these and other critical issues:
- Financial statement disclosures related to cryptocurrency
- FASB guidance issued October 2022
- Utilizing Topic 820, Fair Value Measurement to report certain cryptocurrency
- Measuring and valuing digital assets
- Recording the receipt of cryptocurrency in exchange for goods and services
Faculty
Mike Dellavalle, CFA, CPA
Senior Manager, Assurance
Cohen & Company
Mr. Dellavalle believes the key to unlocking a successful professional relationship begins with respect —... | Read More
Mr. Dellavalle believes the key to unlocking a successful professional relationship begins with respect — respecting clients’ time and what they need from him. He takes pride in delivering a quality work product, including managing expectations and proactively communicating throughout the project. Staying on top of investment industry trends is also important to Mr. Dellavalle, so he can help clients better understand the potential impact.
Mr. Dellavalle has approximately 10 years of experience providing audit and advisory services to all types of investment companies, including hedge, venture capital, private equity and registered funds. He serves investment advisers, hedge funds, venture capital funds and similar service providers in the digital asset space. In addition to accounting experience, Mr. Dellavalle has co-founded multiple start-ups in the cryptocurrency space, both on the business and computer programming side. With his unique blend of experience with investment companies and cryptocurrency, Mr. Dellavalle is devoted to using his specialized skillset to help clients adapt in response to new challenges faced while operating in this continuously evolving industry.
Close
Josh Lefcowitz, CPA/ABV/CFF, CFE, ASA
Partner, Valuation & Litigation Support Services
Cohen & Company
While business valuation and intangible asset valuation are highly complex and technical areas, Mr. Lefcowitz knows... | Read More
While business valuation and intangible asset valuation are highly complex and technical areas, Mr. Lefcowitz knows clients want an easy-to-understand explanation of his conclusions. He ensures they not only understand what his analysis is, but why.
Mr. Lefcowitz has over 20 years of public accounting experience providing dispute advisory, forensic accounting and valuation services for a wide array of purposes. In addition to business valuations, he performs valuation services related to intangible assets, purchase price allocations, intellectual property, oil and natural gas rights in Marcellus Shale formation, and goodwill impairment testing. Mr. Lefcowitz's experience encompasses serving clients across a range of industry sectors, including healthcare, oil and gas, restaurants, manufacturing, retail, professional services, technology, biotechnology, wholesale and distribution, and advertising.
Close
