Fair value of Crypto assets and adjustments

This page illustrates how to handle cost valuations, fair value calculations, and bookkeeping for cryptocurrencies in the Fair Value Adjustment module. It includes instructions on selecting cost valuation methods, managing asset records, performing value adjustments and exporting related calculation tables.

1. Accessing the Fair Value adjustment module

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

2. On the Valuation page, select on the Crypto tab.

2. Adjusting Costing methodology

1. Click on the "Cost Basis Method" button in the upper right corner of the page.

2. You can choose between the "First In First Out" or "Weighted Average" costing methods.

3. Fair value Calculation and Bookkeeping

1. The Acquisition table records the acquisition quantity and cost price of Crypto asset and liabilities.

2. The Lots table tracks batch quantities, costs and usage information.

3. The Disposal table records the quantity, price, cost and realized gains and losses from the disposition of crypto assets and liabilities. Realized gains and losses will generate corresponding journal entries.

4. The Adjustment table records the unrealized gains and losses resulting from changes in Crypto prices. Adjustment records will generate corresponding journal entries. ]

4. Executing Fair value calculation

1. Click the "Recalculate" button in the upper right corner of the page to perform the fair value adjustments calculation.

5. Exporting the Fair Value calculations table

1. Click on the "Export" button on the right side to export the relevant fair value calculation tables.