Crypto Accounting - Extent of Influence If one takes the CPA Exam Blueprint and the corresponding ASCs of the GAAP FASB codification, one can state that crypto accounting effects or implies exceptions and special procedures to follow in almost every area? While cryptocurrency accounting introduces significant and highly specialized rules—most notably driven by FASB ASU 2023-08 (which mandates fair-value-through-net-income measurement for qualifying crypto assets under ASC 350-60 )—it is an overstatement to say it affects or implies exceptions in almost every area of US GAAP. Instead, crypto accounting concentrates its impact on a specific cluster of ASC topics, while leaving major pillars of financial reporting entirely untouched. 1. Where Crypto Accounting Does Create Special Procedures Crypto transactions and holdings intersect directly with a targeted subset of the FASB Codification: Intangible Assets ( ASC 350 − 60 ): Qualifying cr...
PhD level research questions and gaps in the literature focusing on GAAP and IFRS accounting standards and Accounting Information Systems (AIS)