Bitcoin Fundamentals - What Every CPA Should Know
Available Until
On-Demand Only
3.00 Credits
Member Price $118.00
Non-Member Price $158.00
Overview
Description:
After more than 10 years in the marketplace, Bitcoin has been firmly planted in the global financial system as the de facto leader in the cryptocurrency market. Bitcoin is no longer looked at as a mystical concept of money made of pixie dust. Bitcoin has evolved to be a major force in the financial technology (FinTech) industry. With the collapse of the FTX cryptocurrency exchange, among others, it is important to understand how Bitcoin separates itself from all the other alternative cryptocurrencies, aka alt coins, as well as how you can protect your Bitcoin investment from these exchange collapses.
Learning Objectives:
After attending this presentation you will be able to . . .
- Recognize the impact that Bitcoin and other crypto currencies are having on the global monetary ecosystem
- Identify the components of the Bitcoin ecosystem and how they all work together as a global crypto currency
- Recognize how you can participate in the Bitcoin ecosystem
Program Content:
- The evolution of money: barter, gold, paper, digital, cryptocurrency.
- History of Bitcoin, how it originated and evolved to where it is today.
- How Bitcoin works: origin, network, nodes, miners, transactions and the blockchain ledger.
- Participating in the Bitcoin network: procuring, spending, accepting and storing Bitcoin.
- Understanding the role of cryptocurrency exchanges and the collapse of FTX.
- Introduction to Ethereum, a substantial alternative to Bitcoin.
- Income tax implications of Bitcoin and other cryptocurrencies.
Who Should Attend?
Anyone who is interested in the future of digital money or wants to participate in Bitcoin
Developed By:
CPA Crossings
Prerequisites
None
Preparation
None
Leader(s):
Leader Bios
John Higgins, CPA Crossings LLC
John is the co-founder of CPA Crossings, LLC, which specializes in helping accounting, tax and financial professionals to leverage technology. John serves as a strategic technology advisor to CPAs in the planning and deployment of effective technology solutions and workflow automation. This aids them in the transformation to a digital practice model that features paperless processes and leverages cloud computing . In 2015, John established CPA Crossings’ new Cloud Accounting Learning Center. This is a comprehensive knowledgebase of training, information and consulting services that is designed to help CPAs and financial professionals make the transformation to delivering accounting services through the use of cloud based accounting systems and other tools. This is the new accounting services paradigm for the 21st century, and John is regarded as a foremost authority on how CPAs can seize the opportunity. John recently co-authored Ten Steps to a Digital Practice in the Cloud, published by the AICPA. This book provides CPAs with a strategic roadmap for taking their organizations online by leveraging cloud computing. John’s primary qualification is his passion for helping CPAs achieve success by leveraging technology. He has extensive knowledge and experience working with CPAs throughout the country.
Non-Member Price $158.00
Member Price $118.00