K2's An Accountant's Guide To Blockchain And Cryptocurrency

Overview

You could pay $0 for this course!
This qualifies for reimbursement through the State Workforce Training Express Fund. Firms/companies with fewer than 100 staff will receive 100% reimbusement, and firms/companies with over 100 staff will receive 50% reimbursement. You must register for this course and apply for reimbursement through the Workforce Training Express Fund website three weeks in advance to be eligible. The course code for this program is 1136935. To learn more click here or contact Julia Ekelund at jekelund@mscpaonline.org.

Blockchain technology offers the promise of digital truth. When appropriately implemented, it provides a transparent, permanent, immutable, and high-speed record-keeping system. The possibilities are endless, from managing the logistics of supply chain networks to facilitating international commerce. The adoption of this technology is growing, with millions of new users every year. Organizations adopt this technology daily to help improve their existing operations through its ledger capabilities or by executing smart contracts. Cryptocurrency is one example of blockchain technology, and its growth and value have exploded to over $2 trillion in the last few years. This growth has helped fuel the adoption of Wall Street traders and traditional investors. While more popular than ever, few business professionals understand these technologies and their capabilities, risks, and potential impacts on business operations and processes, such as contract execution, recording and maintaining real estate ownership records, and supply chains. Unfortunately, this incredible technology is a mystery for most accounting professionals. This course will provide an in-depth look at this technology, including a detailed overview of the underlying technology, the benefits, the risks, the major players, and many practical applications. By participating in this session, you will gain a deeper understanding of the inner workings of this technology and recommendations for getting started.

Highlights

Understanding the fundamental tenets of blockchain technology
Examples of applied applications of blockchain technology
Identifying leading cryptocurrencies available today
Understanding risks associated with cryptocurrencies

Prerequisites

None

Designed For

Accountants and business professionals who are interested in helping clients improve their understanding of blockchain

Objectives

Define blockchain and identify an example of blockchain technology currently in use
List examples of how blockchain uses encryption to make the resulting ledger tamper-resistant
Identify at least four possible uses for blockchain-based ledgers
Define cryptocurrency and list the four major cryptocurrencies used today
List examples of benefits and risks associated with using cryptocurrencies

Preparation

None

Fees

Credits

Level

Vendor

Fields of Study

Leader(s):

Steve Yoss, K2 Enterprises

Leader Bios

Steve Yoss, K2 Enterprises

Stephen M. Yoss, Jr., CPA, MS is a certified public accountant, the partner, and principal of Devmatics, LLC, a continuing education instructor for financial professionals, and a licensed pyrotechnician. While his interests and skills are varied, they all share a common thread—his love for and skill in finding technology-based solutions.

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