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Fair Value Measurement to be Applied to Digital Assets (Cryptos) Under US GAAP

Kensaku Kimura

/ Posted: 2022-10-16

/ Last updated: 2022-10-17

TLDR On October 12, 2022, the FASB (Financial Accounting Standards Board) unanimously voted to require companies to measure crypto at their fair value at the end of each reporting period. The discussions can be seen here: Crypto Accounting…

SEC Releases SAB121 – US GAAP Accounting For Assets Held in Custody of Customers by Crypto Exchanges

Kensaku Kimura

/ Posted: 2022-04-30

/ Last updated: 2022-04-30

Background On March 31, 2022, the SEC released Staff Accounting Bulletin No. 121 (SAB 121). This SAB expresses the view of the SEC staff regarding the accounting treatment for crypto-assets that are reporting entity safeguards for its platform users…

Why US Public Companies are Starting to Acquire Bitcoin

Kensaku Kimura

/ Posted: 2020-10-15

/ Last updated: 2022-04-29

Technological Evolution, Macroeconomic Uncertainty, and Accounting Standards Publicly traded companies holding part of their reserves in bitcoin to protect their purchasing power. What was a fantasy a few years ago is becoming a reality. Two huge news stories have come…

AICPA Releases Accounting Guidance on Digital Assets (Cryptos)

Kensaku Kimura

/ Posted: 2020-01-24

/ Last updated: 2022-10-16

Significant differences with J GAAP, already causing GAAP differences between the two standards In December 2019, the AICPA (American Institute of Certified Public Accountants) released a guidance on the accounting of crypto currencies. This nonauthoritative guidance was released as…

Mandatory English Financial Disclosures Coming

Kensaku Kimura

/ Posted: 2019-03-22

/ Last updated: 2020-01-23

Mandatory English Financial Disclosures Coming to the Tokyo Stock Exchange Starting with English disclosures of quarterly financial information A Nikkei article on March 15, 2019 caught our attention. “Tokyo Stock Exchange to reduce first section listings by 30% –…

BlockChainJam 2018 – Looking Back

Kensaku Kimura

/ Posted: 2018-11-15

/ Last updated: 2020-01-29

BlockChainJam 2018 Looking Back Got to take a sneak peek into the future BlockChainJam 2018 that took place on October 21, 2018 was a huge success with a jam packed audience and great speakers. Thank you to everyone that…

Crypto Accounting Standard

Kensaku Kimura

/ Posted: 2018-10-04

/ Last updated: 2023-01-06

Crypto Accounting Standard PITF No. 38 Practical Solution on the Accounting for Virtual Currencies under the Payment Services Act World’s First Crypto Accounting Standard? On March 14, 2018, the ASBJ (Accounting Standards Board of Japan) issued PITF (Practical Issues…

News

Fair Value Measurement to be Applied to Digital Assets (Cryptos) Under US GAAP

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SEC Releases SAB121 – US GAAP Accounting For Assets Held in Custody of Customers by Crypto Exchanges

Read More >>

Why US Public Companies are Starting to Acquire Bitcoin

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AICPA Releases Accounting Guidance on Digital Assets (Cryptos)

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Mandatory English Financial Disclosures Coming

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BlockChainJam 2018 – Looking Back

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Crypto Accounting Standard

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