CPE Today Logo

K2’s An Accountant’s Guide to Blockchain and Cryptocurrency

Course - K2's Emerging Technologies

Upcoming Live Event Schedule

This course is part of an event and you must register for the associated event to participate.

Navigating Blockchain, AI, and Beyond: Multi-State Conference
July 30, 2024 | Seminar

Major Topics

  • Understanding the fundamental tenets of blockchain technology
  • Examples of applied applications of blockchain technology
  • Identifying leading cryptocurrencies available today
  • Understanding risks associated with cryptocurrencies

Learning Objectives

  1. Define blockchain and identify an example of blockchain technology currently in use
  2. List examples of how blockchain uses encryption to make the resulting ledger tamper-resistant
  3. Identify at least four possible uses for blockchain-based ledgers
  4. Define cryptocurrency and list the four major cryptocurrencies used today
  5. List examples of benefits and risks associated with using cryptocurrencies

Course Description

Blockchain technology offers the promise of digital truth. When appropriately implemented, it provides a transparent, permanent, immutable, and high-speed record-keeping system. The possibilities are endless, from managing the logistics of supply chain networks to facilitating international commerce. The adoption of this technology is growing, with millions of new users every year. Organizations adopt this technology daily to help improve their existing operations through its ledger capabilities or by executing smart contracts. Cryptocurrency is one example of blockchain technology, and its growth and value have exploded to over $2 trillion in the last few years. This growth has helped fuel the adoption of Wall Street traders and traditional investors.

While more popular than ever, few business professionals understand these technologies, and their capabilities, risks, and potential impacts on business operations and processes, such as contract execution, recording and maintaining real estate ownership records, and supply chains. Unfortunately, this incredible technology is a mystery for most accounting professionals. This course will provide a detailed and in-depth look at this technology, including a detailed overview of the underlying technology, the benefits, the risks, the major players, and many practical applications. By participating in this session, you will gain a deeper understanding of the inner workings of this technology and recommendations for getting started.

Compliance Information

Intended Audience

Accountants and business professionals who are interested in helping clients improve their understanding of blockchain

Advanced Preparation

None

Field of Study

Information Technology

Credits

4 Credits

Published Date

November 2, 2022

Course Authors

K2 Enterprises

Hammond, LA
Various Speaker, Company Tagline

K2’s goal is to produce and deliver the highest quality technology seminars and conferences available to business professionals. We work cooperatively with professional organizations (such as state CPA societies and associations of Chartered Accountants) and vendors of technology products. K2 also provides consulting services and advice on technology.

We make every effort to maintain a high level of integrity, family values, and friendship among all involved.

About Instructor Read Less

Overview

Blockchain technology offers the promise of digital truth. When appropriately implemented, it provides a transparent, permanent, immutable, and high-speed record-keeping system. The possibilities are endless, from managing the logistics of supply chain networks to facilitating international commerce. The adoption of this technology is growing, with millions of new users every year. Organizations adopt this technology daily to help improve their existing operations through its ledger capabilities or by executing smart contracts. Cryptocurrency is one example of blockchain technology, and its growth and value have exploded to over $2 trillion in the last few years. This growth has helped fuel the adoption of Wall Street traders and traditional investors.

While more popular than ever, few business professionals understand these technologies, and their capabilities, risks, and potential impacts on business operations and processes, such as contract execution, recording and maintaining real estate ownership records, and supply chains. Unfortunately, this incredible technology is a mystery for most accounting professionals. This course will provide a detailed and in-depth look at this technology, including a detailed overview of the underlying technology, the benefits, the risks, the major players, and many practical applications. By participating in this session, you will gain a deeper understanding of the inner workings of this technology and recommendations for getting started.

Course Details

  • Understanding the fundamental tenets of blockchain technology
  • Examples of applied applications of blockchain technology
  • Identifying leading cryptocurrencies available today
  • Understanding risks associated with cryptocurrencies

  1. Define blockchain and identify an example of blockchain technology currently in use
  2. List examples of how blockchain uses encryption to make the resulting ledger tamper-resistant
  3. Identify at least four possible uses for blockchain-based ledgers
  4. Define cryptocurrency and list the four major cryptocurrencies used today
  5. List examples of benefits and risks associated with using cryptocurrencies

Intended Audience — Accountants and business professionals who are interested in helping clients improve their understanding of blockchain

Advanced Preparation — None

Field of Study — Information Technology

Credits — 4 Credits

IRS Program Number

Published Date – November 2, 2022

Revision Date

Course Authors

K2 Enterprises

Hammond, LA
Various Speaker, Company Tagline

K2’s goal is to produce and deliver the highest quality technology seminars and conferences available to business professionals. We work cooperatively with professional organizations (such as state CPA societies and associations of Chartered Accountants) and vendors of technology products. K2 also provides consulting services and advice on technology.

We make every effort to maintain a high level of integrity, family values, and friendship among all involved.

About Instructor Read Less

All of our self-study courses are NASBA approved (through our partners at K2 Enterprises) the revisions to the Statement on Standards for Continuing Professional Education (CPE) Programs (Standards).

Your Registration Includes:

  • Course materials (video & PDF version)
  • Unlimited attempts to complete exam
  • Course materials (PDF & Sample Materials)
  • Instant grading & certificate of completion
  • One year access to complete your CPE
  • Completion certificate

Recommended Products

Courses and Events You’ll Love!