Course: Proposed Rule on Profits and Related Basis Adjustments based on this document from the Federal Register: https://www.govinfo.gov/content/pkg/FR-2024-12-02/pdf/2024-27227.pdf This document contains proposed regulations regarding previously taxed earnings and...
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SEC’s SAB 122: Adapting to New Crypto-Asset Accounting Rules
This course equips financial professionals with the essential knowledge to navigate the rescission of Topic 5.FF under SEC’s Staff Accounting Bulletin No. 122. Participants will learn to recognize and measure liabilities associated with safeguarding crypto-assets, ensuring compliance with the latest SEC guidelines. Gain insights into the implementation timeline, disclosure requirements, and practical applications of new accounting standards.
In this course you will learn the following:
* Understand the purpose and scope of SAB 122.
* Identify the key changes introduced by the rescission of Topic 5.FF.
* Recognize the requirements for recognizing and measuring liabilities related to safeguarding crypto-assets.
* Implement the changes in accounting principles as per the new guidance.
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Additional information
| Federal Register Title | Staff Accounting Bulletin No. 122. Document Number: 2025-01864 |
|---|---|
| Course SKU | FR-25-850-1 |
| Why This Course Is Important | Without this course, participants may lack the understanding to implement the rescission of Topic 5.FF, risking non-compliance and inaccurate financial reporting related to crypto-assets. |