Self-Study
Accounting for Cryptocurrency
Account for crypto with cost basis determination and impairment testing methods.
$29.00 – $49.00
Webcasts are available for viewing Monday – Saturday, 8am – 8pm ET.
Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)
Secure Transaction CPE Credits
1 Credits: Accounting
Course Level
Overview
Format
Self-Study
Course Description
There are several unique accounting issues associated with cryptocurrency. In the Accounting for Cryptocurrency course, we provide background information about the nature of cryptocurrency, blockchains, cryptocurrency wallets, pool mining, and cloud mining, and then delve into the related accounting issues. This crypto tax course addresses the classification of cryptocurrency, as well as cost basis tracking, accounting for cryptocurrency mining, and much more. This is the go-to guide for those who have questions about how to account for cryptocurrency.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Identify the characteristics of a cryptocurrency.
- Specify the characteristics of a cryptocurrency wallet.
- Recall how the proof of work method functions.
- Specify the expenses incurred by a cryptocurrency miner.
- Recall how cryptocurrency assets are classified for accounting purposes.
Course Specifics
SS123355031
December 27, 2024
There are no prerequisites.
None
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Compliance Information
CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Meet The Experts
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and …
QAS Self-Study
