This episode revisits current expected credit losses (CECL) and accounting for digital assets and cryptocurrency, and also discusses a proposed FASB standard on profits interests awards.

*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***

Resources:

• How will CECL affect your not-for-profit?
• AICPA Accounting for Credit Losses resources
• FASB Credit Losses information
• FASB Issues Proposal to Clarify Accounting Guidance Related to Profits Interest Awards
• Valuing Cryptocurrency and Digital Assets
• Jumpstart Your Digital Assets Journey: A Tool for Audit Committees
• Deciphering Crypto Tax Issues