Blockchain and Crypto Assets in Accounting - From Basics to ReportingCode: 27-BCHAINCRYPTO

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Course Details

Pages: 39
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.
This chapter introduces blockchain technology and its relevance to the accounting profession. It covers the basics of blockchain, its potential applications in accounting, and the benefits and challenges it presents. Aimed at CPAs and accounting professionals, this chapter offers insights into how blockchain can be leveraged to improve accounting practices.

Learning Objectives
Upon completion of this chapter, 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
Category: Accounting

Recommended CPE Hours: 2

Level of knowledge: Overview

Prerequisite: General understanding of Accounting

Advanced Preparation: None
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