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 successful completion of this course, participants 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
Major Topics
Historical Development
Blockchain Key Concepts
Blockchain vs. AI
Blockchain vs. Traditional Databases
How Blockchain Works
Consensus Mechanisms
How Can CPAs Use Blockchain Technology
Overview of Crypto Assets
U.S. GAAP Guidance
Scope Criteria for Crypto Assets
Scope Application Examples
Recognition of Crypto Assets
Private Company Considerations
