Cryptocurrencies & Blockchain Technology: The Impact on Finance & Accounting Self-Study Webinar (2.5 Hours)

Overview: 

Cryptocurrency is a digital or virtual currency designed to function as a medium of exchange. It utilizes computerized encoding and decoding technology to secure and verify transactions, and control the creation of new units. This self-study webinar will:

  • Explain cryptocurrencies and the technologies behind them
  • Show how to use a digitized and decentralized public ledger, known as a blockchain, to accurately and chronologically keep track of transactions without central bookkeeping
  • Discuss the impact of cryptocurrencies and blockchain technology in finance and accounting
  • Explore audit considerations and risk assessments
Objective: 

To help accountants and financial professionals gain a strong understanding of cryptocurrencies, the new blockchain technology supporting them, and the role they’ll play in our capital markets.

Emphasis: 
  • Defining  cryptocurrencies and blockchain technology
  • Analyzing the anatomy of a cryptocurrency transaction
  • Understanding  the vocabulary
  • Examining the attributes of blockchain technology
  • Audit considerations

Identify the key elements of cryptocurrency

Identify the common types of transactional cryptocurrency

Recognize the characteristics of a digital cash transactional framework

Identify the required elements of a “peer to peer” cryptocurrency digital cash transaction

Identify the terminology used to describe the proof of work by a miner that allows a new block of data to be added to a distributed ledger

Recognize the valid attributes of a distributed ledger technology, such as Blockchain

Identify the general capital market response to cryptocurrency

Recognize the benefits to using blockchain for processing transactions

Recognize the valid reasons for an entity to invest in blockchain technology

Recognize the audit considerations when auditing blockchain technologies

Identify the general concerns surrounding the legitimacy of the cryptocurrency market

Identify the most likely future impact of the expanded use of cryptocurrency on the Central Bank (or “Fed”)

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Price: 
$79.00
Prerequisite: 

None.

Preparation: 

No advance preparation required.

Level of Knowledge: 

Overview.

CPE Credit: 
2.50
NASBA Field of Study: 
Accounting