Course Description

Participants will encounter three different tech talks relevant to a variety of specialized topics in digital asset accounting and finance. The first section delves into the complexities of Cost of Goods Sold (COGS) and revenue recognition in the crypto space, emphasizing the impact of token volatility and embedded derivatives. The second section covers the Statement on Digital Assets (SoDA), focusing on best practices for GAAP-compliant reporting and the implications of the latest fair value reporting standards. The final section explores the Bitcoin and Lightning Networks, offering insights into scalability solutions and the practical challenges of enterprise integration. This course is designed for finance professionals, CPAs, and tech enthusiasts who seek to deepen their knowledge of these rapidly evolving areas in the digital asset ecosystem.
Screengrab from course video

This course fulfills CPE objectives.

After this course, learners should be able to:

  • Identify the complexities of revenue recognition in the context of crypto transactions, specifically addressing the impact of token volatility.

  • Explain the implications of embedded derivatives in crypto-native revenue contracts and how they affect financial reporting.

  • Explain the significance of the new ASU 2023-08 standard for fair value reporting of digital assets and how it affects financial disclosures.

  • Discuss the role of the Statement on Digital Assets (SoDA) in improving audit readiness and providing a standardized approach for digital asset reporting.

  • Explain how Lightning Network operates as a Layer 2 solution to address Bitcoin's scalability issues while maintaining security and decentralization.

  • Discuss the challenges and opportunities in integrating Lightning Network for enterprises, including liquidity management and the use of cloud services like Voltage.

Course curriculum

    1. EDAS 2024 Session Replay

    2. CPE Review Questions

    1. EDAS 2024 Session Replay

    2. CPE Review Questions

    1. EDAS 2024 Session Replay

    2. CPE Review Questions

    1. CPE Qualified Assessment - Pass this assessment to earn CPE!

About this course

  • 7 lessons
  • 1.5 CPE Credits (Specialized Knowledge)
  • Recommended prerequisite of basic knowledge of accounting principles

Other Courses Like This

View all courses

Other CPE Info

  • Program Level

    Intermediate

  • Preparation

    A basic familiarity with digital asset transactions, revenue recognition concepts, and the Bitcoin network.

  • Delivery

    QAS Self Study

BitAlpha, Inc. (Sponsor ID #148962) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:www.nasbaregistry.org.