Often working with limited budgets, not-for-profit organizations are not known for being early adopters of new technology. However, blockchain technology has many specific benefits for the nonprofit industry. To ensure you and your clients are maximizing the benefits of blockchain for non-for-profits, this webcast will review the basics of blockchain technology along with an introduction to the accounting and auditing implications of accepting cryptoassets as gifts or contributions.
BENEFITS
*Identify terminology used in blockchain technology.
*Recognize how cryptocurrency fits into the world of blockchain technology.
*Identify the blockchain ecosystem and common misconceptions.
*Recognize the various treatments of cryptocurrencies in accounting and auditing for not-for-profits (NFPs).
HIGHLIGHTS
*blockchain overview
*blockchain and cryptocurrency implications on nonprofits
* accounting and auditing implications of accepting virtual currencies
COURSE LEVEL
Basic