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This week we continue our Crypto toolkit series with a focus on accounting for transactions involving crypto assets.
In our Toolkit podcast series, we are taking a deep dive into one accounting topic each month that goes beyond the basics and deeper into areas that require judgment. This month, we are covering digital assets–from the overall landscape to the accounting and reporting impacts.
In this episode, Heather Horn was joined by Beth Paul, Bret Dooley, and Angela Fergason, partners in PwC’s National Office, to discuss accounting considerations for crypto transactions.
In this episode, you will hear:
  • 1:39 - An overview of the different types of cryptocurrency transactions emerging in the marketplace
  • 2:52 - Considerations related to crypto lending transactions
  • 5:52 - Comparing the accounting model for crypto transactions (nonfinancial assets) with the accounting for transactions with financial assets
  • 12:55 - Crypto assets as noncash consideration in revenue transactions, and embedded derivative assessments for crypto receivables
  • 19:08 - Whether and how to recognize revenue derived from sales of crypto assets
  • 27:04 - Disclosures for digital asset transactions, and further resources
Want to learn more? Listen to our previous podcasts in the Crypto toolkit series, Getting smarter on digital assets, and Accounting for holding digital assets. Also, read our chapters on crypto exchange transactions and fair value measurement in our Crypto assets guide, and be sure to check out our recent publication on new SEC rules for crypto-assets.
About our guests
Beth Paul is a Deputy Chief Accountant in PwC’s National Office responsible for a team of consultants that specialize in business combinations and related areas, such as consolidations, disposals, impairments, and segment reporting. Prior to this role, Beth was the Strategic Thought Leader in PwC’s National office, working closely with firm leadership to determine PwC’s position on emerging trends in auditing, accounting, and financial reporting matters.
Angela Fergason is a partner in PwC's National Office with over 20 years of experience who specializes in accounting for revenue and employee compensation arrangements. She also consults on a range of financial reporting issues impacting technology companies. Angela is a frequent speaker on accounting and financial reporting topics and is a contributor to many PwC National Office publications, including our accounting guides on revenue and stock-based compensation.
Bret Dooley is a Deputy Chief Accountant in PwC’s National Office and the financial instruments accounting leader. He has over 25 years of experience specializing in the financial services, banking, and capital markets industries. He focuses on emerging financial reporting issues relating to financial instruments, developing interpretive guidance, and assisting clients in resolving complex accounting matters.
About our host
Heather Horn is PwC’s National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting.
Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to

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