Accounting for Digital Assets and Cryptocurrencies Essentials: Explore Recognition, Valuation, Risk Management, and Reporting Challenges Associated Wi

By Eamon Driscoll

Practical guidance for accounting teams working with digital assets

This book offers a clear, structured approach to the accounting, valuation, reporting, and control issues that arise when businesses hold, trade, earn, or manage cryptocurrencies and other digital assets. It is designed for accountants, controllers, auditors, finance leaders, and policy owners who need more than theory. Each chapter translates complex topics into decisions, journal-entry logic, and reporting considerations that can be applied in practice.

The content moves from foundational definitions to advanced reporting topics, covering recognition, classification, initial measurement, impairment, fair value, inventory treatment, and intangible asset considerations. It also addresses modern use cases such as mining, staking, lending, token sales, merchant payments, and token-to-token exchanges, helping readers understand how business model and arrangement terms affect accounting outcomes.

What the book coversHow to identify and classify digital assets under IFRS and U.S. GAAPInitial cost basis, including fees, gas costs, custody setup, and non-cash considerationSubsequent measurement through cost, revaluation, impairment, and fair value approachesRevenue, expense, and gain or loss recognition for digital asset activitiesInventory accounting, lower of cost and net realizable value, and write-down treatmentImpairment testing for long-held holdings and portfolio assetsValuation governance, fair value hierarchy, and market data selectionInternal controls, reconciliations, custody risk, and audit documentationAccounting for staking, lending, custody, and other on-chain arrangementsDisclosures, presentation, consolidation, FX effects, and special situationsWhy it is usefulBuilt around real accounting judgments, not just technical definitionsExplains where policy design, evidence, and internal controls matter mostIncludes practical examples for purchases, swaps, transfers, rewards, and salesSupports audit readiness with documentation and reconciliation guidance

Whether you are drafting accounting policies, preparing financial statements, evaluating valuation techniques, or reviewing digital asset controls, this book provides a grounded reference for consistent and supportable reporting. It is especially helpful for organizations that need to connect blockchain activity with formal accounting treatment and reliable financial statement disclosure.

• Format: Paperback
• Language: English
• ISBN: B0H79VSV38
• ISBN13: 9798185235218
• Release Date: July 2026
• Publisher: Independently Published
• Length: 238 Pages
• Weight: 1.24 lbs.
• Dimensions: 0.5" x 8.5" x 11.0"