Understanding Blockchain, Bitcoin, Digital Assets and Their Accounting Intricacies

Wednesday, June 26 9:00am - 10:40am EDT

Virtual

2.00 Credits

Member Price $109.00

Non-Member Price $189.00

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 C-8759. To learn more click here or contact Julia Ekelund at jekelund@mscpaonline.org.

In this contemporary continuing education course, CPAs will embark on a journey into the world of blockchain, Bitcoin, and other digital assets. As the financial landscape is revolutionized by these emerging technologies and asset classes, it is imperative for accounting professionals to stay abreast of the latest developments. Participants will gain a foundational understanding of the operation of blockchain technology, the mechanics behind Bitcoin transactions and its value creation, and the broader universe of digital assets. More crucially, the course will explore the current guidelines, challenges, and best practices associated with the accounting and reporting of these assets, ensuring that CPAs are equipped to navigate the complexities of digital asset management in line with prevailing standards and regulations. Embrace the future of finance by mastering the accounting intricacies of this digital frontier.

Highlights

Cryptocurrencies, including Bitcoin, crypto assets, and other digital assets Blockchain NFT accounting FASB ASC 350 - Intangibles - Goodwill and other

Prerequisites

None

Designed For

Accountants and auditors working with clients that possesses cryptocurrencies or other digital assets

Objectives

Understand the fundamentals of blockchains and digital assets, including cryptocurrencies Identify the relevant U.S. GAAP guidance for measuring, recognizing, and reporting cryptocurrencies and other digital assets Describe the relation between cryptocurrencies and blockchain