Blockchain and Crypto Assets in Accounting: From Basics to Reporting

Course Overview:

This course provides an introduction to blockchain technology and crypto assets, focusing on their growing influence in the accounting and finance sectors. Participants will gain a better understanding of blockchain’s key concepts, how it differs from traditional databases, and its practical applications for CPAs. The course also address crypto assets, exploring their characteristics, U.S. GAAP guidance, and recognition and disclosure requirements.

Learning Objectives:

Upon completion of this course, you will be able to:

• Identify key components and concepts of blockchain technology
• Recall steps in blockchain transactions and consensus mechanisms
• Distinguish between blockchain and traditional databases
• Recognize use cases of blockchain for CPAs
• Recognize the criteria for determining what constitutes a crypto assets based on U.S. GAAP
• Identify the recognition requirements for crypto assets
• Recognize the way in which crypto assets are presented on an entity’s financial statements
• Identify disclosure requirements with respect to crypto assets