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| Author : | Shehan Chandrasekera, CPA, Author, Speaker |
| Course Length : | Pages: 22 ||| Review Questions: 3 ||| Final Exam Questions: 5 |
| CPE Credits : | 1.0 |
| IRS Credits : | 0 |
| Price : | $12.95 |
| Passing Score : | 70% |
| Course Type: | NASBA QAS - Text - NASBA Registry |
| Primary Subject-Field Of Study: | Computer Software & Applications - Computer Software & Applications for Course Id 1435 |
| Description : | Blockchain technology and cryptocurrencies such as bitcoin and ether are two trending topics in the fin-tech world. Yet, few business professionals can grasp the intricacies, opportunities and challenges posed by this new technology. This course intends to give you a thorough understanding of the history of the blockchain, properties of blockchain, limitations of blockchain, major cryptocurrencies (bitcoin & Ethereum) how to buy & sell cryptocurrencies, how tokens get value, special terms associated with the blockchain and the taxation of common blockchain related transactions. The course should prepare you to take on clients in blockchain related businesses, communicate effectively with them and implement best tax practices. |
| Usage Rank : | 0 |
| Release : | 2018 |
| Version : | 1.0 |
| Prerequisites : | None. |
| Experience Level : | Overview |
| Additional Contents : | Complete, no additional material needed. |
| Additional Links : |
What Is Blockchain?
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| Advance Preparation : | None. |
| Delivery Method : | QAS Self Study |
| Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
| Revision Date : | 26-Nov-2019 |
| 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. |
| Approved Audience : | NASBA QAS - Text - NASBA Registry - 1435 |
| Keywords : | Computer Science, Blockchain, Cryptocurrencies, What, CPAs, Need, Know, Service, Clients, CPAs, cpe, cpa, online course |
| Learning Objectives : |
Course Learning Objectives |
| Course Contents : | Chapter 1 - Blockchain and Cryptocurrencies: What CPAs Need to Know to Service Clients Course Learning Objectives 1 Introduction 2 History of Cryptocurrency & Blockchain 3 What is Blockchain Technology? Review Question #1 4 How Does It Work and Why is It Different? 5 Potential Use Cases 5.1 Blockchain As a Payment System 5.2 Blockchain As a Method of Storing Data 5.3 Supply Chain Management 5.4 Capital Formation Tool 6 Major Issues of Blockchain 6.1 Scalability 6.2 Price Volatility 6.3 Money Laundering and Terrorist Financing 6.4 Market Manipulation 7 Major Cryptocurrencies/Networks 7.1 Bitcoin 7.2 Ethereum 8 Token Valuation; Framework for Token Confidence 8.1 Tokens backed by Assets of Known Value 8.2 Tokens backed by Assets of Uncertain Value 8.3 New Tokenized Assets 9 Cryptocurrency and the SEC 10 How to Trade Cryptocurrencies? 10.1 Exchanges 10.2 Bitcoin Automated Teller Machines (ATMs) 10.3 Peer-to-Peer Transfers 11 Blockchain Terms 11.1 Token Vs. Cryptocurrency 11.2 Cryptocurrency Wallet/Digital Wallet 11.3 Private Key/Public Key 11.4 Validators/Miners/Nodes 11.5 Smart Contracts 11.6 Chain Splits (Forks)/Airdrops/Giveaways 11.7 Miscellaneous Terminology Review Question #2 12 Taxation 12.1 General Treatment 12.2 Investors 12.3 Miners 12.4 Payer/Payee 12.5 Like Kind Exchange (LKE) 12.6 Charitable Contributions of VCs 12.7 Initial Coin Offerings (ICO) Review Question #3 13 Information Reporting Requirements |
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