Blockchain and Cryptocurrencies: FAQs, Facts and Latest Updates for CPAs

On-Demand Schedule Fri, April 19, 2024 - Fri, April 26, 2024
Duration 60 Mins
Level Basic & Intermediate
Webinar ID IQW19G0772

  • Overview on blockchain and cryptocurrencies
  • Characteristics that differentiate cryptocurrencies from other fiat and virtual currencies
  • Accounting for cryptocurrencies
  • How cryptocurrencies will potentially change various aspects of accounting
  • Tax reporting
  • Auditing
  • Financial advisory services
  • Potential opportunities and challenges associated with adopting cyrptocurrencies for payments
  • Current blockchain and cryptocurrency updates and news CPAs should be aware of
  • Potential applications of blockchain technology in the future

Overview of the webinar

Join us for this webinar with expert speaker Shehan Chandrasekera as he explains blockchain technology and cryptocurrency in a language you can understand—the language of financial services. This session will focus on FAQs about cryptocurrencies, and current updates and news that practitioners need to be aware of.  

Who should attend?

  • Accounting professionals
  • CPAs
  • Staff Accountants
  • Accountants employed in public practice
  • Private industry accountants
  • Enrolled agents (EAs)
  • Bookkeepers
  • Accounting Managers
  • Accouts payabale 
  • Controlllers
  • Business Owners 
  • CFO
  • CEO 
  • President 

Why should you attend?

Cryptocurrencies and blockchain are here and it seems like they are here to stay. As an accountant, you can’t pretend to be an ostrich and bury your head in the sand when the financial dynamics are changing rapidly around you. CPAs should be clued up to blockchain and cryptocurrencies to better serve their clients today. As cryptocurrencies move into mainstream financial conversation, understanding concepts such as Initial Coin Offerings (ICOs), mining, valuation has become very important for accountants.

However, you need to begin with the fundamentals such as, “What is a cryptocurrency?”, “What is blockchain?” and “Why there are so many cryptocurrencies?. Don’t ignore blockchain, because understanding and accepting this technology will catapult your business and authority in this arena – this is akin to buying a Bitcoin in 2016 (That could have made you wealthy, in case you did not know.) 

Faculty - Mr.Shehan Chandrasekera

Shehan Chandrasekera is a Certified Public Accountant in the state of Texas and New Jersey. He specializes in business and individual tax planning and consulting for small businesses. Shehan has a broad tax knowledge of various industries including, Real Estate, Construction, E-commerce, Healthcare, Manufacturing & Distribution and the emerging Blockchain related industries.

Before starting his career at JAG CPAs & Co, Shehan worked for several regional and national public accounting firms for a number of years. His ability to dissect the tax code and innovative thinking have immensely contributed to his rapid professional growth. After a successful career helping many clients at different firms, Shehan pursued his lifelong dream of becoming an entrepreneur by joining JAG.

Shehan is also a published author. His recent article on “Virtual Currency and Tax Ramifications” was featured in “The Tax Adviser” magazine sponsored by AICPA. He was one of the first CPAs to have a published academic article on Cryptocurrency.

Shehan graduated from William Paterson University, NJ as the salutatorian of his graduating class. After migrating from Sri Lanka to New Jersey and spending a few years in the east coast, he moved to Houston to be close to his family. Aside from being an Accountant, Shehan enjoys rock climbing, spending time with his family and reading.

Credits

ComplianceIQ is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for [2] PDCs for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit www.shrmcertification.org.

HR (General) recertification credit hours toward aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®). Please make note of the activity ID number on your recertification application form. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org

100% MONEY BACK GUARANTEED

Refund / Cancellation policy
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