How They Work: Blockchain, Bitcoin and Other Virtual Currencies Explained (Currently Unavailable)

This on-demand course is designed for individuals who would like to obtain a basic understanding of cryptocurrency. The course will cover the history of virtual currencies and explain how they work. We will review some of the legal issues involved with virtual currencies. The course will cover the advantages and disadvantages of using virtual currencies. We will review the IRS rules for tracking and reporting cryptocurrency transactions for tax purposes.

What Does It Mean When Clients Use Bitcoin and other Virtual Currencies? This on-demand course covers different types of commonly used virtual currencies, how and why used, the IRS guidance, and the tax issues not yet addressed by the IRS or state tax authorities. Background to help understand the tax consequences includes definitions, FinCEN guidance on registration, and how individuals and businesses obtain and use virtual currencies. Recent actions by states and federal agencies will be covered as well as events and activities including splits, airdrops and ICOs. Due diligence considerations also will be addressed.

Blockchain and cryptocurrencies such as Bitcoin and Ethereum are two of the hottest technology topics today. Yet few business professionals understand these technologies, their capabilities, their risks, and their potential impacts on business operations and processes, such as contract execution, recording and maintaining real estate ownership records, and supply chains. To learn more about these disruptive technologies – including potential effects on the accounting profession – make plans to participate in this fast-paced and highly informative session. This is everything a financial professional needs to know to get started with Blockchain and cryptocurrency technologies! Join expert, Stephen Yoss, Jr., CPA, as he focuses on the technology and real world applications of blockchain and cryptocurrentcy.

Many say the accounting profession is set to play a key role in driving the adoption of this new technology to both privately-held and publicly-traded companies. But what exactly is blockchain? In short, Blockchain is a global digital ledger of economic transactions that is transparent, continually updated by countless users, and considered by many as almost impossible to corrupt or hack. What are the components that make up this technology? How does this apply to accounting professionals? You’ll get that knowledge here! You, as an accounting/auditing professional, can decide the fate of how the adoption will come to fruition. Blockchain has the potential to significantly disrupt the business sector and the public accounting industry in the next three to five years. This course is designed to get you up to speed on what this cutting-edge technology is all about. You’ll learn about the basic concepts, lexicon, technology and potential applications related to Blockchain. This course will help you prepare for future conversations about Blockchain with your clients, prospects, colleagues, peers and others!

Unlike mainstream technologies in use in businesses every day, there are upcoming technologies which have the potential to drastically change how we work, live, and play in the years ahead. New and upcoming technologies such as blockchain, cryptocurrency, big data, artificial intelligence, and machine learning all offer great potential, just as the advent of the personal computer did some four decades ago. This session will cover an assortment of technologies which are nearing mainstream adoption and help you understand what they do, how they work, as well as some of the potential risks and rewards they offer potential users, particularly in business environments.