Blockchain is a new technology being used to drive corporate transparency. At the core, it is a distributed ledger technology and all transactions are verified before being replicated. In this webcast, we will underline the practical implications of blockchain technology for not-for-profit organizations. You will learn about the opportunities, risks, accounting and tax implications for not-for-profits involved with blockchain technology.
Learning Objectives
Recognize the central elements used in the blockchain ecosystem.
Identify the basic components of tax considerations for blockchain.
Determine the various treatments of virtual currencies in accounting and auditing for not-for-profit.
Identify the regulatory concepts related to implementing blockchain as well as determine the costs and benefits, both domestically and internationally.
Major Topics
Blockchain overview
Blockchain implementation
Donations of virtual currencies
Tax and accounting implications of accepting virtual currencies
Regulatory issues that impact blockchain implementations
Tax considerations for private foundations
Provider
AICPA
Course Level
Intermediate
Professional Area of Focus
Technology
CPE Field of Study
Information Technology
4.0
Who Should Attend
Anyone looking to understand more about how blockchain can be implemented in a nonprofit organization
Accountants looking for more information on blockchain
Practitioners that serve or advise nonprofit clients and would like to understand the impact of blockchain
Managers and decision makers looking to run blockchain projects