Category: Financial Reporting
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[EY] Accounting for crypto-assets
![[EY] Accounting for crypto-assets](https://web3accountant.online/wp-content/uploads/2025/09/ernst-young-ey-logo-pngrepo-com.png)
This report introduces cryptocurrencies and other types of crypto-assets and discusses some recent activities by accounting standard setters in relation to crypto-assets. What Are Crypto-assets? Crypto-assets are digital assets recorded on distributed ledgers, secured through cryptography. They fall broadly into two categories: Accounting for Crypto-assets Standard setters have started exploring approaches, though no unified standard… Read more
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[Deloitte] On the Radar Digital Assets
![[Deloitte] On the Radar Digital Assets](https://web3accountant.online/wp-content/uploads/2024/08/下载-11.png)
While digital assets have proliferated over the past 16 years, we are just beginning to see their integration with global financial services. Among other developments, the first digital asset exchange-traded products have been launched in the United States and digital assets are being used as treasury assets as well as in governance and payment applications.… Read more
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[Web3 Accountant] 2025 WEB3 ACCOUNTANT CRYPTO ACCOUNTING REPORT PART 4 – CRYPTO ACCOUNTING AND AUDIT UNDER US GAAP
![[Web3 Accountant] 2025 WEB3 ACCOUNTANT CRYPTO ACCOUNTING REPORT PART 4 – CRYPTO ACCOUNTING AND AUDIT UNDER US GAAP](https://web3accountant.online/wp-content/uploads/2024/08/Eng-Logo.jpeg)
The New Standard for US GAAP Historically, digital assets were treated as intangible assets. Pre-December 15, 2024, and to the disdain of digital assets proponents, changes in fair value could only be reflected to the downside (as impairment), with no upward revaluations allowed. However, with the implementation of ASU 2023-08 (Subtopic 350-60), certain crypto-assets would… Read more
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[KoinX] How to Reconcile Crypto Transactions and Close Your Books Accurately Each Month
![[KoinX] How to Reconcile Crypto Transactions and Close Your Books Accurately Each Month](https://web3accountant.online/wp-content/uploads/2025/03/下载-4.png)
Closing the books in a traditional business is quite different from Web3. This is because, in web3, wallets are spread across various blockchains, tokens use varying decimal points, transactions cross borders, and asset prices can swing in minutes. For accounting teams in Web3, crypto reconciliation isn’t just housekeeping. It’s the foundation for investor trust, audit… Read more
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[WEB3 Accountant] 2025 WEB3 ACCOUNTANT CRYPTO ACCOUNTING REPORT PART 3 – 20 BASIC CRYPTO TERMS AND BASIC FINANCE FORMS
![[WEB3 Accountant] 2025 WEB3 ACCOUNTANT CRYPTO ACCOUNTING REPORT PART 3 – 20 BASIC CRYPTO TERMS AND BASIC FINANCE FORMS](https://web3accountant.online/wp-content/uploads/2024/07/Eng-Logo.jpeg)
20 Basic Crypto Terms Every Finance Should Know: Used to send and receive transactions on a blockchain network. An address is an alphanumeric character string, which can also be represented as a scannable QR code. An address can hold different token and exist on different chain. A token distribution method used to send tokens to… Read more
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Crypto Accounting and Audit under US GAAP
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[Web3 Accountant] 2025 WEB3 ACCOUNTANT CRYPTO ACCOUNTING REPORT PART 1 – IFRS ACCOUNTING FOR CRYPTO AND STABLECOINS
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IFRS Accounting for Crypto and Stablecoins IFRS Accounting Standards do not include a specific standard that addresses digital assets. A company assesses whether a digital asset meets the definition of financial instruments, inventory or intangible assets by applying the scope requirements in the relevant standards and applying the 2019 IFRS IC Agenda Decision. The… Read more
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Part 3 – 20 Basic Crypto Terms and Basic Finance Forms
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[AICPA] 2025 Criteria for Stablecoin Reporting: Specific to Asset-Backed Fiat-Pegged Tokens
![[AICPA] 2025 Criteria for Stablecoin Reporting: Specific to Asset-Backed Fiat-Pegged Tokens](https://web3accountant.online/wp-content/uploads/2025/08/下载-1.png)
The 2025 Criteria for the Presentation and Disclosure of Redeemable Tokens Outstanding and the Availability of Assets for Redemption: Specific to Asset-Backed Fiat-Pegged Tokens (the criteria) were established by the Assurance Services Executive Committee (ASEC) of the AICPA for use when reporting on the following, at a specific measurement point in time (collectively, the subject… Read more
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Part 2 – SINGAPORE CRYPTO TAX GUIDE 2025