Cryptocurrency Accounting Explained: The SFRS/IFRS and USGAAP Approach

ACC_A020i

English

Course Description

Synopsis:

Cryptocurrency is becoming increasingly common as an asset class held by reporting entities resulting in a need for accountants and auditors to be aware of the types of cryptocurrencies, relevant accounting treatments and complexities and diversity in practice.

This course will cover the following: - 

  • An overview of the types of cryptocurrencies
  • Cryptocurrency accounting: the IFRS/SFRS Approach and its evolution
  • Accounting treatment under USGAAP
  • Accounting for cryptocurrency loans, ETFs and cryptocurrency exchanges
  • Practical examples of cryptocurrency accounting

 

Intended For:

  • Audit Professionals / PAIP
  • Finance Professionals  / PAIB 
  • Public Sector Finance
  • C-suite & Directors

 

Competency Mapping: 

  • CPE Category 1 = 1.0 CPE Hour
Instructor Image

Thomas Egan

Thomas is a member of ISCA, as well as ACCA, CPA Australia and is a licensed US CPA.  He had served on a number of committees related to accounting standards, financial reporting, and XBRL.  He has extensive experience related to accounting for financial instruments gained through the past 18 years in technical accounting roles with a Big 4 firm and an international bank and is currently the accounting advisor to the airline industry for implementation of IFRS 9, Financial Instruments, IFRS 15, Revenue and IFRS 16, Leases. Thomas holds a Masters degree in accounting from the University of Wisconsin - Madison and a Postgraduate Diploma in Strategic Finance from the University of Oxford.
View profile

1 CPE Hour

Lesson(s)

5

Related courses

SFRS(I) 18 Presentation and Disclosures in Financial Statements: New Frontiers in Reporting

Cryptocurrency Accounting For Your Business (Mandarin) 企业加密货币会计

Cryptocurrency Accounting For Your Business

Unlocking SFRS(I) 3 Practical Insights into Business Combinations (Part TWO): A Comprehensive Illustration

Unlocking SFRS(I) 3 Practical Insights into Business Combinations (Part ONE)

Accounting for Carbon Credits: Navigating Standards in a Sustainable World

FRS 117 Insurance Contracts: The Adoption Journey and Challenges Faced

Navigating Developments in Accounting Standards

Insights into the Review of Financial Statements

Updates on Professional Standards 2023

Financial Literacy 101 Understanding Accounting Basics (Part TWO)

Financial Literacy 101: Understanding Accounting Basics (Part ONE)

Learn anytime, anywhere.

Connect with us

Useful Links