Virtual

Digital Currency Revolutions: Bitcoin and Cryptocurrencies

Date: March 22, 2023

Time: 8 – 11:30 a.m. PT

CPE: 4

Overview

Understand why digital currencies matter and how best to advise clients. A $100 investment in Bitcoins in 2010 would be worth over $75 million today. What created this unfathomable explosion in value? Each day over 1,000,000 unique Bitcoin transactions are processed. Companies of all sizes now accept Bitcoins as payment. Auditors, tax preparers and advisors must understand the changes orchestrated by Bitcoins and their digital currency cousins.

Product Code
1000000970-113885
Credit Type
CPE: 4
CPE-AA: 4
CPE-Technical: 4
Intended Audience
Accounting and financial professionals.
NASBA Field of Study
Accounting
Level of Difficulty
Overview
Prerequisites
None.
Advance Preparation
None.

Learning Objectives

Identify what a blockchain currency is and what it isn’t.

Recognize how the IRS taxes Bitcoin.

Determine the current accounting and auditing best practices for digital currencies

Identify what a digital wallet is, how to create one, and how to exchange Bitcoins for dollars.

Understand the non-currency value of the Distributed Ledger Technology

Major Subjects

What is money and why cryptocurrencies matter
What is the blockchain and how its use is changing how business verifies transactions and values
How is cryptocurrency audited
What are the IRS rules relating to Bitcoin
Current update as to whether Bitcoin is moving towards money or will it remain viewed as property
Bitcoin alternatives, ICOs and their future global footprint

Faculty

Ronald Joseph Baker

Ronald J. Baker started his CPA career in 1984 with KPMG’s Private Business Advisory Services in San Francisco. Today, he is the founder of VeraSage Institute—the leading think tank dedicated to educating professionals internationally—a radio talk-show host on the www.VoiceAmerica.com show: The Soul of Enterprise: Business in the Knowledge Economy, and the Chief Value Officer at Armanino LLP.Ron has authored seven best-selling books, including...

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Daniel D. Morris

Daniel D. Morris, CPA, is a founder of the VeraSage Institute, a think tank dedicated to teaching value pricing to professionals around the world. He is a frequent speaker at CPA events and conferences, and a consultant to CPA firms on implementing total quality service and value pricing. He has been an instructor with the CalCPA Education Foundation since 1998, and has written over a dozen courses for them. Morris presents frequently at natio...

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Additional Details

This course was recorded on 06/29/2021. The instructor will be available via the chat feature to answer questions during the presentation.

Digital Currency Revolutions: Bitcoin and Cryptocurrencies

Member

Nonmember

Overview

Product Code

Credit Type

Intended Audience

NASBA Field of Study

Level of Difficulty

Prerequisites

Advance Preparation

Learning Objectives

Major Subjects

Faculty

Additional Details