Cryptocurrencies & Blockchain Technology: The Impact on Finance & Accounting Self-Study Webinar (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 primary characteristics of cryptocurrency

Recognize the relative growth trajectory of Bitcoin and other cryptocurrencies

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

Identify attributes of distributed ledger technology

Identify the benefits of blockchain technology for processing transactions

Identify the perceived blockchain market’s near term growth rate

Identify the potential implications of blockchain technology on the auditor’s methodology for obtaining sufficient appropriate audit evidence

Recognize audit considerations when auditing blockchain technology

Identify concerns regarding the legitimacy of the cryptocurrency market

Recognize a likely future impact of the expanded use of cryptocurrency on the Central Bank

Identify specified exchanges by their known characteristics

Recognize the blockchain network that runs most D-APPs
 

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Price: 
$79.00
Prerequisite: 

None.

Preparation: 

No advance preparation required.

Level of Knowledge: 

Overview.

CPE Credit: 
5.00
NASBA Field of Study: 
Accounting