Bitcoin: Fake Money, Real Losses

Available Anytime
Location: Online
1Credits
Technical Business
Registration is Open
FICPA Members
$39.00 Regular Price
Nonmembers
$54.00 Regular Price
Product Code: FIL20-BITCOIN
Level: Basic
Vendor: Florida Institute of CPAs
Field of Study: Specialized Knowledge

Overview:

Bitcoin, a cryptocurrency, was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. The currency began use in 2009 when its implementation was released as open-source software.


This presentation focuses on why Bitcoin has failed as money and has yielded real losses. It will specifically focus on the concept of a private key in the context of Bitcoin.

Objectives:

Topics of discussion will include:
  • Define the concept of cryptocurrency
  • Understand how to obtain (detect) Bitcoin
  • Understand the tax implications for Bitcoin and cryptocurrency in general
  • Explore audit consideration for Bitcoin

Designed For:

CPAs or accounting professionals



Prerequisite:

Some familiarity with accounting



Additional Info:

Thank you for registering for the "Bitcoin: Fake Money, Real Losses" OnDemand course. You can begin immediately by going to the 24/7 Learning Library portal at https://ficpa.courselaunch.io and logging in with your current FICPA member login credentials.

Your course or courses should be immediately available after you login.

If you have any issues, please let us know by submitting a ticket through the Support link and we will assist you as quickly as possible.

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