Demystifying Accounting for Blockchain, Cryptocurrency, and NFTs

Author: Stephen M. Yoss

For accounting and tax professionals, understanding blockchain technology and digital assets has become essential as these innovations reshape modern business operations. This comprehensive course delivers practical insights into blockchain infrastructure, cryptocurrency operations, and non-fungible tokens, examining their broad impact on business while viewing implementation through an accounting and tax lens. Participants will gain clarity on the fundamental distinction that while all cryptocurrency operates on blockchain, blockchain technology extends far beyond digital currencies. The course incorporates recent FASB guidance, ensuring attendees understand how current accounting principles apply to these transformative business technologies.

This course goes beyond theoretical concepts to provide actionable knowledge about how these technologies are changing business operations and market dynamics. Participants will develop a thorough understanding of key terminology, technological characteristics, and real-world applications in business contexts. The course breaks down complex technological concepts into clear, practical knowledge, helping professionals understand both the broader business implications and their specific reporting requirements. By taking this course, professionals will enhance their ability to navigate and advise on the evolving landscape of digital assets and blockchain technology, positioning themselves as informed advisors in this rapidly expanding field.

Publication Date: October 2025

Designed For
Accountants and financial advisors eager to navigate crypto taxation and estate planning should attend.

Topics Covered

• Introduction to blockchain technology and cryptocurrency fundamentals
• Types of blockchains: public, private, and permissioned models
• U.S. policy developments: Executive Order 14178 on digital financial technology
• Understanding cryptocurrency operations: mining and staking
• Benefits and risks of digital assets in practice
• Non-fungible tokens (NFTs): definition and use cases
• Tax treatment of cryptocurrency as a capital asset
• Updates on FASB ASU 2308 for crypto asset accounting
• Real-world applications across industries: banking, healthcare, supply chain, and beyond

Learning Objectives

• Explain the fundamental differences between blockchain technology and cryptocurrency in business operations
• Identify key characteristics of digital assets and their impact on organizational processes
• Identify the organizational impact of blockchain and cryptocurrency, focusing on tax and accounting issues
• Identify strategies to calculate and track the historical cost and fair market value of cryptocurrency investments
• Identify practical applications of blockchain technology in modern business environments

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Information Technology (2 hours)

Program Prerequisites
None

Advance Preparation
None