Key Takeaways ASU 2023-08 provides specific guidance for the measurement, presentation, and disclosure of cryptocurrency assets for nonprofits, effective from December 15, 2024. Donated cryptocurrency that is immediately converted to cash should be classified within operating cash flows, or financing cash flows if restricted for long-term purposes. Nonprofits must disclose detailed information about cryptocurrency assets, … Continue reading Accounting for Cryptocurrency: Guidance for Nonprofits