Fintech and crypto accounting
Plain-English guides to the accounting issues fintech and crypto companies face, each with a worked example from the industry.
Fintech and crypto accounting guides
- Fintech accounting: the key issues3 minute readFintech accounting explained: crypto holdings, customers' crypto, stablecoins, payment processing revenue, buy now pay later, e-money and share-based pay.
- Crypto assets: IAS 38 or IAS 25 minute readCrypto assets under IFRS: why they are not cash, IAS 38 cost and revaluation models, IAS 2 for traders, impairment, stablecoins and US GAAP fair value.
- Safeguarding customers' crypto4 minute readSafeguarding customers' crypto under IFRS: when an exchange or custodian controls client crypto, the liability, losses from hacks, and SAB 121 and SAB 122.
- Stablecoins: issuer and holder4 minute readStablecoins under IFRS: the issuer's liability and reserve assets, income from reserves, when a holder has a financial asset, cash equivalents and US rules.
- Payment processor revenue4 minute readPayment processor revenue under IFRS 15: whether interchange and scheme fees are costs or reductions of revenue, pricing models, incentives and chargebacks.
- Buy now pay later: revenue and ECL4 minute readBuy now pay later accounting under IFRS: merchant fees as revenue or interest, receivables at amortised cost, expected credit losses, late fees and funding.
- Peer-to-peer lending platforms4 minute readPeer-to-peer lending platforms under IFRS: origination and servicing fees, when loans are on or off the balance sheet, first-loss guarantees and funds.
- E-money and safeguarded funds4 minute readE-money and safeguarded funds under IFRS: e-money as a financial liability, safeguarded cash and investments, interest income, unused balances and UK rules.
- Crypto mining revenue4 minute readCrypto mining revenue under IFRS: hash rate supplied to mining pools as IFRS 15 revenue, solo block rewards, mining rigs, power costs and bitcoin held.
- Share-based payment in fintech5 minute readShare-based payment in fintech under IFRS 2: awards that vest on an IPO, valuing private company shares, down-round repricing, crypto token awards and US GAAP.
- Digital wallet revenue4 minute readDigital wallet revenue under IFRS 15: merchant and transfer fees, bill payment commissions, cashback to users, agent costs and interest on customer float.
- Crypto at fair value under US GAAP4 minute readASU 2023-08 explained: which crypto assets are measured at fair value, presentation and disclosures, the transition adjustment, deferred tax and IFRS.
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About these guides
Each guide starts from an accounting issue fintech and crypto companies actually face and works through it with numbers from the industry. 12 of 12 planned guides are published; more are added with every batch.