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Author: |
Kelen Camehl, CPA, MBA |
Course Length: |
Pages: 38 ||| Word Count: 12,873 ||| Review Questions: 6 ||| Final Exam Questions: 10 |
CPE Credits: |
2.0 |
IRS Credits: |
0 |
Price: |
$17.95 |
Passing Score: |
70% |
Course Type: |
Text |
Technical Designation: |
Technical |
Field Of Study: |
Accounting |
Approved Audience: |
NASBA QAS - NASBA Registry |
Key Takeaways: |
This course provides an introduction to blockchain technology and crypto assets, focusing on U.S. GAAP guidance for recognition and disclosure.
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Frequently Asked Questions: |
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Description: |
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. |
Usage Rank: |
46667 |
Release: |
2025 |
Version: |
1.0 |
Prerequisites: |
None. |
Experience Level: |
Overview |
Additional Contents: |
Complete, no additional material needed. |
Additional Links: |
External: Blockchain Facts:
Internal: Cryptocurrency CPE Courses page (listing “Blockchain and Crypto Assets in Accounting: From Basics to Reporting”)
Internal: Accounting CPE Courses page (listing “Blockchain and Crypto Assets in Accounting: From Basics to Reporting”)
External: FASB Accounting Standards Update 2023‑08: Crypto‑Assets (Subtopic 350‑60)
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Advance Preparation: |
None. |
Delivery Method: |
QAS Self Study |
Intended Participants: |
Anyone needing Continuing Professional Education (CPE). |
Revision Date: |
18-Mar-2025 |
NASBA Course Declaration: |
Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
Keywords: |
Blockchain and Crypto Assets in Accounting: From Basics to Reporting - CPE course for CPAs |
Learning Objectives: |
Chapter 1
Chapter 2
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Course Contents: |
Chapter 1 - Blockchain Chapter Overview Learning Objectives Introduction Historical Development Blockchain Key Concepts Blockchain vs. AI Blockchain vs. Traditional Databases How Blockchain Works Transaction Process Consensus Mechanisms How Can CPAs Use Blockchain Technology Conclusion Review Questions Chapter 2 - Crypto Assets Chapter Overview Learning Objectives Introduction Overview of Crypto Assets U.S. GAAP Guidance Scope Criteria for Crypto Assets #1 Meet the Definition of an Intangible Asset #2 No Enforceable Rights or Claims Related to Goods & Services #3 On Distributed Ledger Based on Blockchain (or Similar) Technology #4 Secured Through Cryptography #5 Fungibility #6 Not Created/Issued by the Reporting Entity (or Related Parties) Scope Application Examples Recognition of Crypto Assets Presentation Requirements Disclosure Requirements Private Company Considerations Conclusion Review Questions Glossary of Key Terms |
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