
Explore crypto regulations and key accounting events, learning how to record purchases, holdings, and sales. Understand tax implications and timing strategies to optimize crypto transactions for individuals and businesses.
Meet instructor Chris Benjamin, a CFO with 20+ years in accounting, guiding you through proper cryptocurrency accounting and tax treatment for growth-stage and high-tech companies.
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Learn basic Microsoft Excel formatting, reports, and charts, including tables, borders, totals, AutoSum, formulas, and chart creation for clear data visuals.
Cryptocurrency is a digital, non-physical currency like Bitcoin with a limited supply that is mined. It operates online, not government-backed, and uses digital wallets for buying, selling, and transferring value.
Discover popular cryptocurrencies led by Bitcoin, its volatility, and how wallets, addresses, and exchanges like Coinbase enable buying these digital currencies.
Differentiate between crypto transaction users and investors, noting that businesses that accept Bitcoin treat it as cash while investors hold substantial holdings for profit, shaping crypto accounting.
Examine why crypto currencies create accounting issues due to nonphysical nature and volatility, and apply accounting fundamentals like conservatism and the matching principle, noting no hard rules yet.
Explore why current accounting rules fail to classify cryptocurrency, as crypto lacks legal tender, volatility makes it not a cash or financial asset, and IFRS definitions require alternative classifications.
Explore how to classify cryptocurrencies, why they don’t fit cash, intangible, or inventory, and why treating them as investments using fair value mirrors security accounting.
Treat cryptocurrency as a marketable security for income tax purposes, using fair value. Keep detailed transaction records and consider US forms like Schedule C to stay compliant.
Congratulations on completing the course on accounting rules for crypto and bitcoin; expect updates as regulations evolve and explore related courses on tracking purchases and sales.
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Are You A Bookkeeper or Accountant For A Company That Transacts In Crypto?
Are You A Crypto Trader Who Keeps Their Own Books?
Are You An Accounting Student Who Wants To Be One Step Ahead When you Enter The Workforce?
Do You Suspect Crypto Transactions Will Only Increase and Accounting Properly Will Be Important?
If You Answered "Yes" To Any Of The Above, Look No Further. This Is The Course For You!
*** Updated with new content! ***
Enroll today and join the 100,000+ successful students I have taught as a Top Rated Udemy instructor!
Three reasons to TAKE THIS COURSE right now:
You get lifetime access to lectures, including all new lectures, assignments, quizzes and downloads
You can ask me questions and see me respond to every single one of them thoroughly!
You will are being taught by a professional with a proven track record of success!
Bonus reason: Udemy has a 30 day 100% money back guarantee if for some reason you don't enjoy the course!
Recent Review:
Sandra D. says "Fantastic course, there really isn't much information available on how to do proper accounting for crypto. Until now I had to basically guess the proper way. After this course now I know exactly what I should be doing and will start doing soon! Chris is a great instructor!"
Why You Should Take This Course:
Lets face it, cryptocurrency is the hot topic these days. While so many people and companies are focused on trading currencies, mining coins and setting up ICO's (initial coin offerings), there is an important aspect behind the scenes that must be addressed - HOW DO US ACCOUNTANTS PROPERLY ACCOUNT FOR CRYPTOCURRENCY!?!?
Well you found the right course! In this course I will teach you the proper, correct and legal way to do the accounting for cryptocurrency. Whether its the initial purchase, recording gains and losses, and what happens when you sell, we will cover it all. We won't be talking about actual trading specifics or mining, we are focused solely on the accounting and tax side of cryptocurrency in this course.
What We Do In The Course:
Learn the very basics of what cryptocurrency is
Understand the accounting treatment for a purchase of cryptocurrency
Understand the accounting treatment for gains and losses on your cryptocurrency
Understand what happens in accounting when you sell cryptocurrency
Learn what the proper tax treatment is and your obligations
And more!
At any point if you have a question, please feel free to ask through the course forum, I'd be happy to answer any and all questions.
***CLICK "BUY NOW" AND LEARN ACCOUNTING FOR CRYPTO! ***
About The Instructor
Chris Benjamin, MBA & CFO is a seasoned professional with over 25 years experience in accounting, finance, and lately cryptocurrency. Having spent the first 10 years of my career in corporate settings with both large and small companies, I learned a lot about the accounting process, managing accounting departments, financial reporting, external reporting to board of directors and the Securities and Exchange Commission, and working with external auditors.
The following 10+ years I decided to go into CFO Consulting, working with growing companies and bringing CFO level experience to companies. I help implement proper best business practices in accounting and finance, consult on implementation of accounting systems, implementing accounting procedures, while also still fulfilling the CFO roll for many of my clients which includes financial reporting, auditing, working with investors, financial analysis and much more.
Thank you for signing up for this course on Udemy. I look forward to being your instructor for this course and many more!
Chris Benjamin, Instructor, CFO & MBA