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  • Getting Started
  • System Configuration
    • Getting started with Elven
    • Project and Entities
      • Choose an Accounting Start Date
    • Inviting team members
    • Viewing activity logs
  • Financial Configuration
    • Configure Chart of Accounts
    • Configure Journal types
    • Configure Auxiliary Accounting
    • Setting Account Opening Balance
  • ACOUNT MANAGEMENT
    • Importing account balances
    • Importing transactions
      • Importing derivatives transactions
    • Verifying account balances
    • Counterparty Accounts Management
      • Managing counterparties
      • Automated counterparty identification
  • Transactions management
    • Transactions overview
  • Bookkeeping
    • Accounting with transaction data
      • Tagging of transactions
      • Rule based tagging
    • Accounting with business data
      • Importing business data using API
      • Importing business data with CSV file
      • Automated bookkeeping of business data
  • ASSETS AND VALUATIONS
    • Assets management
      • Add tokens via smart contract
      • Customising price feeds for assets
    • Fair value of Crypto assets and adjustments
    • Currency exchange (FX) PnL adjustment
    • Derivatives unrealized PnL adjustment
    • Broker business inventory management
  • RECONCILIATION
    • Transaction Reconciliation
  • REPORTS
    • Trial balance
    • Account Balance sheet
    • Financial statements
    • Crypto assets disclosure form
    • Dashboard
  • OpenAPI
    • Obtaining API Authorization
    • Import Business Data
    • Create Account
    • Query Account
    • Create Source
    • Query Source
    • Import Transfer
    • Import Trade
    • Import Gain/Loss
    • Import Account Balances
    • Import Price
    • Query Platform
    • Query Currency
    • Timezone
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On this page
  • 1. Accessing the Cryptocurrency Disclosure Statement
  • 2. Adjusting the reporting period and date range
  • 3. Cryptocurrency holdings tab
  • 4. Cryptocurrency Restrictions table
  • 5. Cryptocurrency Roll Forward table
  • 6. Exporting the Cryptocurrency reports

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  1. REPORTS

Crypto assets disclosure form

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Last updated 8 months ago

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FASB regulations require companies to provide detailed disclosures of their cryptocurrency holdings, changes, and restrictions. This includes fair value, cost basis, liquidity risks, in order to enhance transparency.

1. Accessing the Cryptocurrency Disclosure Statement

  1. On the project homepage, navigate to the Reports page

  2. On the Reports page, select the Significant Holdings tab.

  3. Click the "Regenerate Reports" button to generate the disclosure statement based on the latest journal entries.

2. Adjusting the reporting period and date range

  1. The reporting period can be set to "Annual", "Quarterly", "Monthly", or "Daily"

  2. After setting the reporting period, you can choose the corresponding date range.

3. Cryptocurrency holdings tab

FASB requires entities to disclose the asset name, cost basis, fair value, and quantity of each significant cryptocurrency in interim and annual reports. Additionally, the total fair value and cost basis of cryptocurrencies not individually reported must be disclosed.

4. Cryptocurrency Restrictions table

FASB requires entities to disclose contractual sales restrictions on their cryptocurrencies, the fair value of restricted assets, the nature and remaining duration of the restrictions, and the circumstances under which the restrictions may be lifted. Investors support this disclosure, as it provides additional information about the liquidity risks associated with restricted cryptocurrency holdings.

5. Cryptocurrency Roll Forward table

For the annual reporting period, entities must provide a reconciliation of activities from the opening balance to the ending balance of cryptocurrency holdings, with separate disclosure of changes related to the following:

a. Additions, b. Dispositions, c. Gains included in net income for each cryptocurrency, including changes in fair value, d. Losses included in net income for each cryptocurrency, including changes in fair value

6. Exporting the Cryptocurrency reports

Click the Export button on the right to export the cryptocurrency disclosure statement for the selected period and date range.