Course Details


Course Name: Accounting for Cryptocurrency
CPD Hours: 4
Type: Online/Video
Price: $240 $216


Description:
This course is designed for Canadian CPAs, accountants, auditors, and financial reporting professionals who want to understand the accounting, financial reporting, taxation, and auditing implications of cryptocurrency and other digital assets.

The course will focus on International Financial Reporting Standards (IFRS), Accounting Standards for Private Enterprises (ASPE), Canada Revenue Agency (CRA) guidance, and practical Canadian business applications.

Each topic contains three slides, progressing from foundational concepts to more advanced accounting treatments and real-world applications.


Topics:
Topic 1: Introduction to Cryptocurrency and Blockchain Technology
1.1: Understanding Cryptocurrency, Digital Assets, and Blockchain Technology
1.2: Types of Crypto Assets: Bitcoin, Ethereum, Stablecoins, and Tokens
1.3: Cryptocurrency Applications in Canadian Business and Financial Reporting
Topic 2: Accounting Standards and Classification of Cryptocurrency
2.1: Overview of Canadian Accounting Frameworks: IFRS and ASPE
2.2: Classification of Cryptocurrency Under IAS 38, IAS 2, and Other Applicable Standards
2.3: Recognition and Initial Measurement of Cryptocurrency Holdings
Topic 3: Measurement and Valuation of Cryptocurrency Assets
3.1: Cost Model and Revaluation Model for Cryptocurrency Holdings
3.2: Determining Fair Value and Addressing Cryptocurrency Price Volatility
3.3: Impairment, Subsequent Measurement, and Accounting for Changes in Value
Topic 4: Accounting for Cryptocurrency Transactions
4.1: Recording Cryptocurrency Purchases, Sales, and Exchanges
4.2: Accounting for Cryptocurrency Received or Used as Payment
4.3: Accounting for Mining, Staking Rewards, and Transaction Fees
Topic 5: Financial Statement Presentation and Disclosure
5.1: Presentation of Cryptocurrency Assets in Financial Statements
5.2: Disclosure Requirements, Accounting Policies, and Financial Reporting Transparency
5.3: Financial Reporting Challenges: Volatility, Liquidity, and Custodial Risks
Topic 6: Canadian Taxation of Cryptocurrency
6.1: CRA Treatment of Cryptocurrency: Business Income Versus Capital Gains
6.2: Cryptocurrency Transactions and GST/HST Implications
6.3: Cryptocurrency Tax Reporting, Recordkeeping, and Compliance Requirements
Topic 7: Auditing Cryptocurrency and Internal Controls
7.1: Audit Risks and Challenges Associated with Cryptocurrency Holdings
7.2: Internal Controls Over Digital Wallets, Private Keys, and Cryptocurrency Transactions
7.3: Audit Evidence, Blockchain Verification, and Professional Skepticism
Topic 8: Emerging Issues and Practical Applications in Cryptocurrency Accounting
8.1: Accounting Considerations for NFTs, DeFi, Stablecoins, and Tokenized Assets
8.2: Regulatory Developments and Emerging Cryptocurrency Reporting Challenges in Canada
8.3: Comprehensive Case Study: Accounting and Reporting Cryptocurrency Transactions for a Canadian Business






Screenshots