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Understanding Blockchain, Bitcoin, and Digital Assets, and Their Accounting Intricacies

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Online, OK 00000

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2.00 Credits

Member Price $89

Non-Member Price $114

Overview

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

Preparation

None

Leader(s):

Leader Bios

Thomas Newell, AICPA

Thomas (Tom) E. Newell, Jr., CPA, is a shareholder in the firm of Newell & Newell, P.C. located in Columbus, Ga. He graduated cum laude from Georgia Southwestern College in Americus, GA in 1980. Newell started his firm with his wife Silvia Newell, CPA, in 1986; prior to that, his public accounting experience included both local firms and international firms. He is an active peer reviewer having performed over 200 reviews and has been involved with the peer review program since 1989.

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Non-Member Price $114

Member Price $89

This event is cancelled