Connect with us

Tech

A changing reporting landscape at the intersection of accounting and cryptocurrency

Published

on

A changing reporting landscape at the intersection of accounting and cryptocurrency


Credit: Pixabay/CC0 Public Domain

Cryptocurrency continues to reshape the financial landscape. As cryptocurrency moves from niche to mainstream, companies are grappling with how to account for these volatile digital assets. New research from Scheller College of Business accounting professor Robbie Moon, and his co-authors Chelsea M. Anderson, Vivian W. Fang, and Jonathan E. Shipman, sheds light on how U.S. public companies have navigated crypto holdings and accounting practices over the past decade.

ASU 2023-08, the Financial Accounting Standards Board’s (FASB) newly enacted rule, aims to bring clarity and consistency to crypto asset reporting with the mandate for fair value reporting. Moon’s research, which examined a comprehensive set of companies from 2013 to 2022, looks at the exponential rise in corporate crypto investments and the diverse, and often inconsistent, ways firms have reported them.

In “Accounting for Cryptocurrencies,” Moon and his co-authors work to better understand this pivotal point in financial reporting with research that dives into why firms hold crypto—whether for mining, payment acceptance, or investment—and how reporting practices have evolved to meet this current moment. The work is published in the Journal of Accounting Research.

Keep reading to learn more about Moon’s research and why it matters right now.

Why do companies hold cryptocurrencies, and how has this changed over time?

Companies hold cryptocurrency for three main reasons: they mine it, they accept it as payment, or they consider it an investment. Early on, most businesses kept crypto because customers used it to pay for goods and services. Around 2017, that trend declined, and more companies began mining crypto themselves. Today, mining accounts for about half of corporate crypto holdings, while payment acceptance and investment make up the rest.

What were the main challenges companies face when trying to report cryptocurrency holdings in their financial statements?

Until the end of 2023, there were no official rules on how companies should report cryptocurrency on their . Back in 2018, the Big Four accounting firms (Deloitte, PwC, EY, and KPMG) stepped in with guidance, suggesting that crypto be treated like intangible assets, similar to things like patents or trademarks. This is known as the impairment model.

What is the difference between the ‘fair value model’ and the ‘impairment model’ for accounting crypto assets, and why does it matter?

The two accounting methods differ in how they handle changes in crypto value. The fair value model updates the value of a company’s crypto to match current market prices every reporting period. If the price goes up or down, the change shows up on the company’s income statement as a gain or loss.

The impairment model only lets companies record losses when the value drops below what they paid. If the price goes up, they can’t record the increase.

The difference in the two approaches can best be seen when crypto prices rise. Under the impairment model, companies’ balance sheets understate the true value of the crypto since the gains cannot be recorded. The fair value model allows companies to adjust the balance sheet value of crypto as market prices change.

What factors led ASU 2023–08 to favor fair value reporting?

When the FASB was trying to decide if they should add crypto accounting to their standard setting agenda, they reached out to the public for feedback. The response was overwhelming and most practitioners and firms called for the use of the fair value model.

How do big accounting firms, like Deloitte or PwC, influence how companies report their crypto holdings?

When there aren’t official rules for complex issues like crypto , the Big Four firms often step in to guide companies. In 2018, they recommended using the impairment model, which they viewed as most appropriate based on existing standards. After that, most companies switched from fair value reporting to the impairment approach.

Their guidance in 2018 was based on what was allowed under the standards at that time. With the new rule in place, the firms will likely help clients manage the transition.

Does using fair value accounting for crypto make a company’s stock price more volatile or its earnings reports more useful to investors?

The primary downside of using a fair value model for a risky asset like crypto is how volatility affects earnings. Moon’s research suggests that stock price volatility increases for firms using the fair value model, and it doesn’t appear the model makes earnings more useful for investors. That said, the results should be viewed cautiously because the study’s sample largely consisted of smaller companies.

Why does this research matter right now?

This research matters because more companies are investing in cryptocurrency. That trend is only expected to grow. This research looks at how businesses handled before official rules came out in 2023, showing that many treated it like traditional investments. This provides a baseline against which future research can evaluate the new rule.

The research also warns that the fair value approach could make stock prices more volatile without necessarily making earnings reports more useful for investors.

More information:
Chelsea M. Anderson et al, Accounting for Cryptocurrencies*, Journal of Accounting Research (2025). DOI: 10.1111/1475-679x.70018

Citation:
A changing reporting landscape at the intersection of accounting and cryptocurrency (2025, November 17)
retrieved 17 November 2025
from https://techxplore.com/news/2025-11-landscape-intersection-accounting-cryptocurrency.html

This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no
part may be reproduced without the written permission. The content is provided for information purposes only.





Source link

Tech

Border Patrol Agents Sold Challenge Coins With ‘Charlotte’s Web’ Characters in Riot Gear

Published

on

Border Patrol Agents Sold Challenge Coins With ‘Charlotte’s Web’ Characters in Riot Gear


US Border Patrol agents are raising money by selling coins that commemorate last year’s wave of immigration enforcement “operations” across the country, along with other merchandise. The funds are for nonprofit organizations that list Border Patrol buildings as their address in IRS paperwork. At least two of the organizations have dedicated US Customs and Border Protection email addresses.

The front side of one coin for sale reads, “NORTH AMERICAN TOUR 2025,” along with the acronyms for US Border Patrol and the acronym for “fuck around and find out”—a phrase that was initially popularized by the far-right group the Proud Boys and has been used by various Trump officials. In the center, the coin depicts a gas mask, a riot control smoke grenade, and a pepper ball launcher. On the other side, the coin appears to have a portrait of Border Patrol’s now retired commander-at-large, Gregory Bovino, with his arm raised in a salute, along with the text “COMING TO A CITY NEAR YOU!” It lists seven cities, many of which actually saw federal enforcement surges in 2025: Chicago, Los Angeles, Memphis, Phoenix, Portland, Charlotte, and Atlanta.

The coin is for sale by Willcox Morale Welfare and Recreation, a nonprofit that the IRS most recently declared tax-exempt during the Biden administration and whose address on IRS paperwork matches that of the Willcox Border Patrol Station in Arizona. A request for comment sent to Willcox MWR’s dedicated CBP email address went unanswered.

Employees of the Department of Homeland Security, the parent agency for Border Patrol, are allowed to start private, not-for-profit employee associations within DHS, so long as they get formally recognized by the agency and follow certain rules. According to DHS policies, officially recognized groups can fundraise using government property and create merchandise with the agency’s name and logos–but they have to receive advance approval from the agency.

Willcox MWR is just one of several groups across the country that cater to Border Patrol agents and refer to themselves as MWRs, a reference to the US military’s “morale, welfare and recreation” programs. The groups tend to throw holiday events and retirement parties, and sometimes raise money for the families of agents going through hard times, including those not getting paid during the current shutdown.

Many MWRs also sell customized medallions known as “challenge coins” that commemorate specific teams or events. While anyone, including CBP alumni, can design and sell coins, current DHS employees are not supposed to use government resources to sell ones that use the agency’s seals or logos without permission, or ones that the agency considers inappropriate or unprofessional.

CBP did not provide comment about its relationship to Willcox MWR or any other nonprofit mentioned in this story, nor whether the agency had green-lit the “North American Tour” coin design, ahead of publication.

Under Willcox MWR’s Facebook post about the “North American Tour” coin, someone named Juan Diego commented, “Sign up SDC BK5 MWR for 10.”

“Shoot us an email,” someone managing the Willcox MWR account replied, giving out what appeared to be a dedicated cbp.dhs.gov email address for the group.

SDC BK5 MWR, also a registered nonprofit, lists an address on its website that matches that of a government facility in Chula Vista, California. It says on its site that it was started by San Diego Sector Border Patrol agents and sells custom merchandise “designed to raise funds for morale and relief efforts.”

Diego did not respond to a request for comment.

The SDC BK5 MWR website has listings for over 200 different products in addition to the North American Tour coin. One of those listings was a “Chicago Midway Blitz” challenge coin in the shape of a gas mask that doubles as a bottle opener. Embossed around the edges of the coin are the names of several municipalities and neighborhoods caught up in DHS’s immigration enforcement surge of the same name last fall. Like the North American Tour coin, it features the US Border Patrol logo and the acronym for “fuck around and find out.” Opponents of the Trump administration’s immigration enforcement activity in Illinois are unamused.



Source link

Continue Reading

Tech

One of Our Favorite 360 Cams Is 35 Percent Off

Published

on

One of Our Favorite 360 Cams Is 35 Percent Off


Tired of taking your action camera on an adventure, only to get home and find out you missed the action with a bad angle? One option is to switch to a 360-degree action cam, so you can capture all of the action and then edit down to just the good stuff later. One of our favorite options, the DJI Osmo 360, is currently available for just $390 on Amazon, a $209 discount from its usual price, and it comes with a selfie stick and an extra battery.

The DJI Osmo 360 achieves its impressive all-around video quality by leveraging a pair of 1/1.1-inch sensors, larger than some other offerings, and by supporting 10-bit color. You can really see that in the camera’s output, with colors that are vivid and bold, to the point that you may need to dial them back a bit in post if you want something more natural. With support for up to 50 frames per second at 8K when recording in 360 degrees, or 120 fps at 4K when shooting with only one sensor, you’ll have plenty of material to work with. In our testing, it ran for just shy of two hours at 30 fps, which is also around the time the internal storage had filled up anyway.

If you plan on catching any serious discussions with your Osmo 360, you’ll be pleased to know it connects directly to DJI’s line of wireless lavalier microphones, including the excellent and frequently discounted DJI Mic 2 and Mic Mini. If you want to mount it to something other than the included 1.2-meter selfie stick, it has both DJI’s magnetic attachment system and a more traditional ¼”-20 tripod mount. The DJI Mimo app lets you control the camera and adjust any settings, and there’s even a simple editor for on-the-fly production. For desktop users, DJI Studio has even more in-depth settings and editing options, in case you don’t want to pay for Premiere.

The DJI Osmo 360 is one of our favorite action cameras, and is particularly appealing at the discounted price point, but make sure to check out our full review for more info, or head over to our full roundup to see what else is available.



Source link

Continue Reading

Tech

Artemis II: Everything We Know as Its Crew Approaches the Far Side of the Moon

Published

on

Artemis II: Everything We Know as Its Crew Approaches the Far Side of the Moon


On day six of its mission, Artemis II is closing in on the far side of the moon. Meanwhile, the historic journey has not been without fascinating and curious stories, from the images and videos that its four crew members have shared with the world to the inevitable unforeseen events—including a tricky toilet situation.

A few hours before the crew begins its lunar flyby, here’s how things are going on Artemis II.

When Will They Reach the Far Side of the Moon?

While Artemis II won’t actually land on the moon (that won’t happen until Artemis IV), that does not make this mission any less compelling. Once the Artemis II astronauts finish flying over the dark side of the moon, they will have the historic distinction of being the humans who have traveled the farthest from Earth.

They will also test all the systems needed for future lunar missions, validating life support, navigation, spacesuits, communications, and other human operations in deep space.

But when are they supposed to reach this far-off point? First, the Orion capsule reached what is known as the moon’s “sphere of influence” on Sunday night. This is the point where the moon’s gravitational force is stronger than the force of the Earth.

At present, Orion is circling the moon. Once the capsule is on the dark side of the moon, approximately 7,000 kilometers from the surface, communications with Earth will be interrupted. For six hours, they will be able to view the far side of the moon, something no human being has ever seen with their own eyes—not even the astronauts of the Apollo program, as this region of the moon was always too dark or difficult for them to reach.

That six-hour flyby of the dark side of the moon is expected to begin Monday, April 6, at 2:45 pm EDT and 7:45 pm London time.

After that, the capsule will use the moon’s gravity to propel itself back to Earth. Splashdown, when the astronauts reach Earth, is scheduled for April 10 in the Pacific Ocean, not far from the coast of California, the tenth day of the mission.

Remember that you can follow the live broadcast of the Artemis II mission from NASA’s official channels.

What Has Happened so Far?

Since its successful launch on April 1 from Kennedy Space Center, the Artemis II crew has shared several spectacular photos, such as the featured image in this post, which shows mission specialist Christina Koch looking down at Earth through one of Orion’s main cabin windows.

This incredible photo of a Earth, taken on April 2, went viral on social media, referencing the famous “Blue Marble” image captured by the Apollo 17 astronauts in 1972.

View of Earth taken by astronaut Reid Wiseman from the window of the Orion spacecraft after completing the translunar injection maneuver on April 2, 2026.Photograph: Reid Wiseman/NASA/Getty Images



Source link

Continue Reading

Trending