Accounting 101: Accounting Rules For Crypto & Bitcoin

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

2.80 (42 reviews)
Udemy
platform
English
language
Accounting & Bookkeeping
category
1,452
students
1 hour
content
Oct 2022
last update
$34.99
regular price

What you will 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!

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 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:

  1. You get lifetime access to lectures, including all new lectures, assignments, quizzes and downloads

  2. You can ask me questions and see me respond to every single one of them thoroughly! 

  3. You will are being taught by a professional with a proven track record of success!

  4. 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 is

  • Understand the accounting treatment for a purchase of cryptocurrency

  • Understand the accounting treatment for gains and losses on your cryptocurrency

  • Understand what happens in accounting when you sell cryptocurrency

  • Learn what the proper tax treatment is and your obligations

  • And 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 Instructor

Chris 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

Content

Introduction

Course Introduction
Instructor Introduction
Udemy Review System
Excel Basics - Formatting, Reports and Charts

Basics of Cryptocurrency

What Is Cryptocurrency?
Popular Cryptocurrencies
Bitcoin Transactions vs Bitcoin Investing

Accounting for Crypocurrency

What Is The Accounting Issue?
What Is Wrong With Accounting Rules And Classifying Cryptocurrency?
So How Do We Classify?
Income Taxes On Cryptocurrency

Course Conclusion

Course Conclusion
2020 Update - What's New In The Business For 2020
Recommended Next Steps
Bonus Lecture: Discounts For ALL My Other Courses

Screenshots

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Reviews

Carlin
November 5, 2022
There's a total of 2-3 minutes of real and valuable information in SEction 3. The rest is fluff. I could have found that information online for free. For $29, this is the most overpriced education I have received. I cannot even get a refund, because, according to Udemy, I have watched too much of this course. Well I had to get passed the fluff up front. I watched and watched wondering where the real information is.
Idaly
March 5, 2022
I was hoping literally example of the journals to make the transactions, besides the course needs to be updated since now the IRS includes a statement on how to register capital/gain losses, and the IFRS/GAAPS include opinions as well
Urvi
December 31, 2021
Nothing to do with actual accounting. It gives a 50000 feet discussion around crypto which most folks might already know. Nothing concrete about the accounting issues and challenges when it comes to Crypto currency actually
Dhaval
May 18, 2021
I think the course is mis-title d. There is hardly hardly hardly any relevent content. Just random rambling.
Faisal
January 16, 2021
there was only 3 minutes real update on crypto accounting rest all just update from here and there to keep the course time more than one hour. @Udemy team Please must the course before publish. thanks
Samuel
August 23, 2020
Cryptocurrency should be treated as an Investment that's the only thing you will get from this course. Rest is just smoke
Lanisha
June 16, 2019
I was curious to see how the accounting process worked for Cryptocurrencies. It helped me see a clearer vision on how to view Cryptocurrencies and bitcoin in businesses.
Gabriel
April 9, 2019
In the beginning of the course is very didactic, but could have more things to help to understand the topic or photos or share the screen of the PC...but, the first 3 videos is good
Minh
January 21, 2019
details, details, tooooooo basics. do not sign up for this course. there is no depth information. This is Sucks
Anton
September 22, 2018
Terrible, didn't give a technical answer to the question and spent half of the lecture trying to explain cryptocurrencies which he clearly had a very limited understanding of. Could be useful for a 5 year old who doesn't have access to google but for an accountant this was way too basic, not what I expected from an MBA / CFO.

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1665134
udemy ID
4/27/2018
course created date
11/20/2019
course indexed date
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course submited by