What A&A Pros Need to Know About Blockchain, Bitcoin, and Digital Assets

Overview

You could pay $0 for this course!

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.

This course qualifies for reimbursement through the state’s Workforce Training Express Fund. Firms/companies with fewer than 50 staff can be reimbursed up to 100% of the cost of training and firms/companies with 50-100 employees can be reimbursed up to 50% of the cost of training. You must register for the course and apply for reimbursement through the Workforce Training Express Fund website a minimum of three weeks prior to the start of the course. The course code for this program is C-13039. To learn more, click here or contact Julia Ekelund at jekelund@masscpas.org.

Highlights

Cryptocurrencies, including Bitcoin, crypto assets, and other digital assets Blockchain NFT accounting FASB ASC 350 - Intangibles - Goodwill and other ASU 2023-08

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

Fees

Credits

Level

Vendor

Fields of Study

Leader(s):

Kenneth Greenwood, Surgent McCoy CPE LLC

Leader Bios

Kenneth Greenwood, Surgent McCoy CPE LLC

Kenneth R. Greenwood is a seasoned leader in the business and finance industry. He is currently a manager within Procter & Gamble’s Finance & Accounting group, and was previously a management consultant for Ernst & Young where he served on numerous client engagements regarding strategy development, business process reengineering, performance measurement, business process outsourcing, and supply chain processes. He was also responsible for designing and delivering training in support of both their internal and external clients. Mr. Greenwood has lent his management and leadership skills to other companies as well, including Hugoton Energy Corporation, where he was solicited to provide post-merger integration guidance. In addition, he held position as president/owner of Petra Resources Corporation, coordinating all operations of the multi-million dollar exploration and production company. Mr. Greenwood has a master’s in business administration from the University of Chicago, where he also spent time as a facilitator for the Leadership Exploration and Development programs, tasked to instruct students on leadership and management.

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