Overview
You'll learn about crypto lending and borrowing considerations when accounting for digital assets under U.S. GAAP.
Prerequisites
An understanding of digital assets
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
FASB ASU No. 2023-08, - Intangibles-Goodwill and Other-Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets
