Accounting 101: Accounting Rules For Crypto & Bitcoin

Learn the proper accounting for cryptocurrencies under accounting rules and regulations. Purchases, gains, sales and tax

What you'll learn
Learn From A Top Rated Instructor Who Has Been Teaching On Udemy Since 2013 and Taught Over 100,000 Students!
Correct Accounting For Cryptocurrency
Proper GAAP Recording and Reporting
Transaction Tracking
Handling Changes In Pricing
Transactional vs Investing
And Much More!
Requirements
Basic accounting knowledge
Basic cryptocurrency knowledge
No special tools or knowledge otherwise is required!
Commitment to learning
Description
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 in January 2022 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 isUnderstand the accounting treatment for a purchase of cryptocurrencyUnderstand the accounting treatment for gains and losses on your cryptocurrencyUnderstand what happens in accounting when you sell cryptocurrencyLearn what the proper tax treatment is and your obligationsAnd 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 InstructorChris 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

Overview

Section 1: Introduction

Lecture 1 Course Introduction

Lecture 2 Instructor Introduction

Lecture 3 Udemy Review System

Lecture 4 Excel Basics - Formatting, Reports and Charts

Section 2: Basics of Cryptocurrency

Lecture 5 What Is Cryptocurrency?

Lecture 6 Popular Cryptocurrencies

Lecture 7 Bitcoin Transactions vs Bitcoin Investing

Section 3: Accounting for Crypocurrency

Lecture 8 What Is The Accounting Issue?

Lecture 9 What Is Wrong With Accounting Rules And Classifying Cryptocurrency?

Lecture 10 So How Do We Classify?

Lecture 11 Income Taxes On Cryptocurrency

Section 4: Course Conclusion

Lecture 12 Course Conclusion

Lecture 13 2021 Entrepreneur Trends To Watch

Lecture 14 Recommended Next Steps

YOU! If you found this course you are interested in proper accounting for cryptocurrency,Accountants,CPA's,Bookkeepers,Cryptocurrency traders,Anyone interested in entering the cryptocurrency markets