Accounting for Cryptocurrency, Part I

PLEASE NOTE: As of May 21, 2024, the content of this article has been significantly revised from its original publication date of March 1, 2022, due to major changes in the final Accounting Standard Update 2023-08 issued by the Financial Accounting Standards Board in December 2023. Any prior information from the original article has been superseded.

See Accounting for Cryptocurrency for the updated article.

Kyle Geers

Kyle Geers is a seasoned professional based in Los Angeles, CA. With 10+ years of public accounting experience, including seven years with global CPA firm Grant Thornton LLP, Kyle has been involved with financial statement and integrated audits of both public and private businesses, ranging from emerging start-ups to multinational corporations with complex operations. He also holds extensive advisory experience in assisting businesses with their technical accounting and financial reporting. He is a graduate of the Goldman Sachs 10,000 Small Businesses accelerator program, and a member of the 2019-2020 Class of ACG Los Angeles’ Rising Stars Program.

Kyle is a licensed Certified Public Accountant in the state of California. He has significant knowledge of accounting standards under US GAAP, covering a wide range of accounting topics, and has led numerous engagements in transforming client accounting/finance functions to comply with US GAAP. He holds a Bachelor’s Degree in Business Economics from University of California, Los Angeles, with a minor in Accounting.

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Accounting for Cryptocurrency, Part II

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