Crypto assets disclosure form
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
On the project homepage, navigate to the Reports page
On the Reports page, select the Significant Holdings tab.
Click the "Regenerate Reports" button to generate the disclosure statement based on the latest journal entries.
2. Adjusting the reporting period and date range
The reporting period can be set to "Annual", "Quarterly", "Monthly", or "Daily"
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.
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