{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/350/60/#50-disclosure","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"350","topic_title":"Intangibles—Goodwill and Other","subtopic":"350-60","subtopic_title":"Crypto Assets","section":{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"350-60-50-1","para":"50-1","html":"
At interim and annual reporting periods, an entity shall disclose the following for each significant (as determined by the fair value) crypto asset holding:
  1. a
    Name of the crypto asset
  2. b
    Cost basis
  3. c
    Fair value
  4. d
    Number of units held.
An entity shall disclose the aggregated cost bases and fair values of the crypto asset holdings that are not individually significant.
","snippet":"At interim and annual reporting periods, an entity shall disclose the following for each significant (as determined by the fair value) crypto asset holding:\n(a) Name of the crypto asset\n(b) Cost basis\n(c) Fair value\n(d) …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5afe9d5caf7c38fafe7d3f8ccb38c167b56698c9a7eaec59deea9c6c7d3216b8","downloaded_from":"2026-09-10T00:03:25.691Z","last_downloaded_at":"2026-09-10T00:03:25.691Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476162","source_sha256":"4c5cab2a0ae1aec962370eba3bd94854b4ee1183e6599ef8c084297b295d13e6"}},{"citation":"350-60-50-2","para":"50-2","html":"
At annual reporting periods, an entity shall disclose both of the following:
  1. a
    The method used to determine its cost basis for computing gains and losses (for example, first-in, first-out; specific identification; average cost; or other method used)
  2. b
    If not presented separately, the line item in which gains and losses are reported in the income statement.
","snippet":"At annual reporting periods, an entity shall disclose both of the following:\n(a) The method used to determine its cost basis for computing gains and losses (for example, first-in, first-out; specific identification; aver…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5e1d55bfb7535110b64e1637f5210ed2780b2db1fe8d41d9a060350c69b29abc","downloaded_from":"2026-09-10T00:03:25.691Z","last_downloaded_at":"2026-09-10T00:03:25.691Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476162","source_sha256":"4c5cab2a0ae1aec962370eba3bd94854b4ee1183e6599ef8c084297b295d13e6"}},{"citation":"350-60-50-3","para":"50-3","html":"
At annual reporting periods, an entity shall provide a reconciliation, in the aggregate, of activity from the opening to the closing balances of crypto assets, separately disclosing changes during the period attributable to the following:
  1. a
    Additions.
  2. b
    Dispositions.
  3. c
    Gains included in net income for the period, determined on a crypto-asset-by-crypto-asset basis. Each crypto asset holding that has a net gain from remeasurement as included in net income for the period shall be included in the gains line.
  4. d
    Losses included in net income for the period, determined on a crypto-asset-by-crypto-asset basis. Each crypto asset holding that has a net loss from remeasurement as included in net income for the period shall be included in the losses line.
","snippet":"At annual reporting periods, an entity shall provide a reconciliation, in the aggregate, of activity from the opening to the closing balances of crypto assets, separately disclosing changes during the period attributable…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9b8b84ff6603d7c918a2c2b3e3f24e9e929db9dba61e2265382dfc2d167c78e5","downloaded_from":"2026-09-10T00:03:25.691Z","last_downloaded_at":"2026-09-10T00:03:25.691Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476162","source_sha256":"4c5cab2a0ae1aec962370eba3bd94854b4ee1183e6599ef8c084297b295d13e6"}},{"citation":"350-60-50-4","para":"50-4","html":"
An entity shall disclose the following information about the reconciliation in paragraph 350-60-50-3:
  1. a
    A description of the nature of activities that result in additions (for example, purchases, receipts from customers, or mining activities) and dispositions (for example, sales or use as payment for services)
  2. b
    Total amount of cumulative realized gains and cumulative realized losses from dispositions that occurred during the period.
","snippet":"An entity shall disclose the following information about the reconciliation in paragraph 350-60-50-3:\n(a) A description of the nature of activities that result in additions (for example, purchases, receipts from customer…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:09d0e1ad90165cbac2ba03d1c6594e76d0762343c9d51f3ee8c07c6b196033b3","downloaded_from":"2026-09-10T00:03:25.691Z","last_downloaded_at":"2026-09-10T00:03:25.691Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476162","source_sha256":"4c5cab2a0ae1aec962370eba3bd94854b4ee1183e6599ef8c084297b295d13e6"}},{"citation":"350-60-50-5","para":"50-5","html":"
An entity that receives crypto assets as noncash consideration in the ordinary course of business (or as a contribution, in the case of a not-for-profit entity) that are converted nearly immediately into cash need not include that activity in the disclosures required by paragraphs
350-60-50-3 through 50-4
.
","snippet":"An entity that receives crypto assets as noncash consideration in the ordinary course of business (or as a contribution, in the case of a not-for-profit entity) that are converted nearly immediately into cash need not in…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a466c4aa4a6f93525b2c0b6cc85a12ade53a70b65b86c13ee3a9f182022d9871","downloaded_from":"2026-09-10T00:03:25.691Z","last_downloaded_at":"2026-09-10T00:03:25.691Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476162","source_sha256":"4c5cab2a0ae1aec962370eba3bd94854b4ee1183e6599ef8c084297b295d13e6"}},{"citation":"350-60-50-6","para":"50-6","html":"
For interim and annual reporting periods, an entity shall disclose the following information for crypto assets subject to contractual sale restrictions at the balance sheet date:
  1. a
    The fair value of the crypto assets that are subject to contractual sale restrictions
  2. b
    The nature and remaining duration of the restriction(s)
  3. c
    Circumstances that could cause the restriction(s) to lapse.
","snippet":"For interim and annual reporting periods, an entity shall disclose the following information for crypto assets subject to contractual sale restrictions at the balance sheet date:\n(a) The fair value of the crypto assets t…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4835152cae04520a0dfd12732a3d9a9dc4b67d16edd35d7a125e580260057178","downloaded_from":"2026-09-10T00:03:25.691Z","last_downloaded_at":"2026-09-10T00:03:25.691Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476162","source_sha256":"4c5cab2a0ae1aec962370eba3bd94854b4ee1183e6599ef8c084297b295d13e6"}},{"citation":"350-60-50-7","para":"50-7","html":"
In providing the required disclosures in paragraph 350-60-50-6, an entity with multiple crypto assets subject to contractual sale restrictions shall consider all of the following:
  1. a
    The level of detail necessary to satisfy the required disclosures
  2. b
    How much emphasis to place on each of the required disclosures
  3. c
    How much aggregation or disaggregation to undertake
  4. d
    Whether users of financial statements need additional information to evaluate the quantitative information disclosed.
","snippet":"In providing the required disclosures in paragraph 350-60-50-6, an entity with multiple crypto assets subject to contractual sale restrictions shall consider all of the following:\n(a) The level of detail necessary to sat…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:91132aaf1b3c84f3a939b450401da1eac217ad848f99897a3198d86323a956a0","downloaded_from":"2026-09-10T00:03:25.691Z","last_downloaded_at":"2026-09-10T00:03:25.691Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476162","source_sha256":"4c5cab2a0ae1aec962370eba3bd94854b4ee1183e6599ef8c084297b295d13e6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4a3c89d7ff71874dc484ea5d2de48f3959185271bbf134202e79dd598b4da4a3","downloaded_from":"2026-09-10T00:03:25.691Z","last_downloaded_at":"2026-09-10T00:03:25.691Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476162","source_sha256":"4c5cab2a0ae1aec962370eba3bd94854b4ee1183e6599ef8c084297b295d13e6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0903286d0ed5f4d999122decde1635bb95587590a8e2af5247d0d11268d97c2b","downloaded_from":"2026-09-10T00:03:25.691Z","last_downloaded_at":"2026-09-10T00:03:25.691Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476162","source_sha256":"4c5cab2a0ae1aec962370eba3bd94854b4ee1183e6599ef8c084297b295d13e6"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0903286d0ed5f4d999122decde1635bb95587590a8e2af5247d0d11268d97c2b","downloaded_from":"2026-09-10T00:03:25.691Z","last_downloaded_at":"2026-09-10T00:03:25.691Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476162","source_sha256":"4c5cab2a0ae1aec962370eba3bd94854b4ee1183e6599ef8c084297b295d13e6"}}