Accounting for Cryptocurrency ON DEMAND
Available Until
Your Desk
1.0 Credits
Member Price $29.00
Non-Member Price $33.00
Overview
There are several unique accounting issues associated with cryptocurrency. In this course, we provide background information about the nature of cryptocurrency, blockchains, cryptocurrency wallets, pool mining, and cloud mining, and then delve into the related accounting issues. This course addresses the classification of cryptocurrency, as well as cost basis tracking, accounting for cryptocurrency mining, and much more. This is the go-to guide for those who have questions about how to account for cryptocurrency.
Highlights
The nature of cryptocurrency. What is cryptocurrency? Cryptocurrency exchanges. Cryptocurrency miner revenues and costs. Investing in cryptocurrency. Accounting for cryptocurrency.
Prerequisites
None.
Designed For
CPAs, CEOs, CFPs, and other accounting professionals.
Objectives
Identify the characteristics of a cryptocurrency. Specify the characteristics of a cryptocurrency wallet. Recall how the proof of work method functions. Specify the expenses incurred by a cryptocurrency miner. Recall how cryptocurrency assets are classified for accounting purposes.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $33.00
Member Price $29.00