To best serve your clients or your company, you need to know what crypto is, what has happened and where we likely are going. Ignore crypto at your own risk.
DESIGNED FOR
All CPAs and legal and financial professionals
BENEFITS
- Gain a competitive advantage in your profession.
- Expand your field of expertise.
- Understand and be conversant in the potential for massive disruption in how business is transacted.
HIGHLIGHTS
Cryptocurrency and its reliant blockchain technology have been and will continue to be disruptors to the accustomed way of doing business throughout the world. They seek to change traditional banking as we know it, to provide an alternative to individual sovereign currencies and their daily fluctuations, and to create a safer, more reliable process to document and record every business function, from recording property transfers and complex asset purchase agreements to documenting stock transfers, and, simply, to how we pay for and title cars and other purchases. For a still-nascent industry intended in part to prevent fraud, recent events have demonstrated that fraud, bankruptcies and incredible investor losses run rampant.
This session will cover the following topics:
- The nature and history of cryptocurrency
- Blockchain technology and crypto
- Standard accounting treatment of crypto
- Central and decentralized crypto exchanges
- Recent crypto bankruptcies: The who, what and why
- The accounting challenges of the crypto bankruptcy and for its investors
- Predictions of where crypto goes from here
PREREQUISITES
None
ADVANCE PREPARATION
None