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Accounting PwC

Cryptocurrency? Digital Asset? What’s the Accounting?


Sponsored by PwC

Cryptocurrency? Digital asset? PwC’s accounting podcast discusses what these terms mean and how they impact your financial statements.

As digital assets continue to make the headlines and push into the mainstream of finance, more questions are popping up on the accounting implications. In this episode, our PwC accounting podcast series host, Heather Horn, and guests discuss the emerging asset class of cryptocurrencies and what it means for your financial statements.

Topics include:

  • The cryptocurrency landscape: We begin with a brief introduction and explanation of the crypto markets and a look at what’s happening in the US from a regulatory standpoint.
  • Digital assets: We cover the different types of digital assets and what they are used for.
  • Picking a model: How do you determine the right accounting model to use for digital assets and what does that mean for impairment assessments? We look at:
    • The intangible asset model and how often to assess for impairment
    • How to measure fair value if your digital assets are impaired
  • Crypto custody: Sometimes companies use a custodian for the added security and safety of their digital assets. We discuss whether using a third party impacts the accounting.
  • Future expectations: How will the increasing use and acceptance of digital assets redefine financial services? We close with our thoughts on what the future might look like.

Listen to our episode Cryptocurrency? Digital asset? What’s the accounting? and follow PwC's accounting podcast series to hear PwC specialists discussing today's most compelling accounting and financial reporting issues.

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