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Live Webinar

100-minute live streaming program
  • January 30
  • 1:00 - 2:40 pm EST

Blockchain Fundamentals

January 30

Become better equipped to cut through the 'hype' surrounding blockchain and recognize aspects of your organization that could be impacted by this transformative technology.

While it has been nearly 10 years since bitcoin burst onto the world stage as the first cryptocurrency and blockchain-based technology protocol, we have since seen an incredible acceleration of innovation in what is now referred to as distributed ledger technology (DLT).

But with accelerated innovation comes disruptive impact, and the wide range of DLT-based applications and protocols currently in development have the potential to disrupt nearly every industry they touch. It should come as no surprise that a recent August 2018 research survey found 84% of large enterprises were reporting to have at least some level of involvement with blockchain technology, ranging from initial research to live implementation.

However, despite all of this investment and activity, many business executives and financial professionals are still relatively uncomfortable in their own ability to identify, evaluate, and articulate the practical impact that this technology poses for their organizations and business environments they operate in.

This program is designed to demystify blockchain in the areas that are relevant to business executives and the trusted financial professionals they rely upon. By the end of this topic, you will be better equipped to cut through the “hype” surrounding blockchain, understand the foundational concepts involved, and recognize aspects of their organization that could be impacted by this transformative technology.

Learning Objectives

  • You will be able to describe the basic function of a blockchain, including the key characteristics and general operating features involved.
  • You will be able to discuss the potential opportunities and/or challenges faced by your organization that could be addressed in part by blockchain technology.
  • You will be able to review blockchain-based solutions that are proposed to your organization with a better understanding of the potential benefits and risks.
  • You will be able to recognize ways in which your organization could be impacted by blockchain-based technology.

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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Blockchain Basics
  • Core Characteristics of Distributed Ledger Technology
  • How Blockchains Operate
  • Types of Blockchains
    • Public vs. Private
    • Permissioned vs. Permissionless
    • Consensus Mechanisms
  • Role of Cryptocurrency Native Tokens
Blockchain in Business
  • Adapting to Disruptive Technology
  • "Smith Family" Illustrative Example of Blockchain in Business
  • Current Blockchain Business Applications
  • Evaluating Blockchain Solutions
    • Benefits/Risks of Blockchains
    • When to Use a Blockchain vs. Traditional Database
    • Current Challenges for Blockchain Technology
Impact on Accounting and Financial Services Industry
  • Financial Statement Audits/Assurance
  • CDD/KYX and BSA/AML Compliance
  • International Payments
  • Trusted Intermediaries
  • Managing and Accounting of Digital/Tokenized Assets
Additional Relevant Topics and Resources
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More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Live Webinar Registration

  • AIPB 2.0
     
  • This program is acceptable for 2.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • CPE 2.0 including Specialized Knowledge 2
     
  • Lorman Education Services 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 web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.0 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Specialized Knowledge for 2.0 hours. Prerequisite: basic knowledge of general accounting. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, Inc. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Specialized Knowledge and Applications for 2.0 hours.
     

Who should attend?

This live webinar is designed for accountants, CPAs, CEOs, presidents, vice presidents, CFOs, controllers, business owners and managers, bookkeepers and tax preparers.

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More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Brian Rust

Brian Rust

CliftonLarsonAllen

  • Senior Associate, Cryptocurrency and Blockchain Technology Industry, CliftonLarsonAllen
  • Practice areas served include blockchain startup consulting, ICO tax planning, cryptocurrency tax compliance, and R&D tax credit studies
  • Frequently engaged to speak with trade groups about blockchain technology’s impact on their industry
  • B.S. degree in accounting, University of Central Florida
  • Can be contacted at 407-244-9302 or [email protected]
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More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
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  • State Specific Credit Tracker
  • Members Only Newsletter
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* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 404771
Published 2019
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