The Wild West of Accounting

Course Description 

The accounting world is looking a bit like the wild west on this episode of the FinTech Flo. We tackle the basic updates, like FASB finally creating regulations around crypto asset reporting. But things quickly unravel as we touch on the collapse of a Chattanooga accounting firm and their shady chairman, a return-to-office debate on Reddit, a new company hoping to reduce your mortgage payment, and an MIA search for all the accounting meme accounts! To top it all off, we asked LA residents if they knew what CPA stood for! 

Learning Objectives

• Determine how cryptocurrency (crypto) assets were accounted for before September 2023
• Summarize FASB's September 2023 standard on accounting and disclosure for cryptocurrency assets
• Describe the fundamental purpose of a balance sheet
• Evaluate when cryptocurrency assets should be reported on the income statement
• Infer the role of FASB's standard in investor understanding and assess the risks associated with personal loans against cars

Course Instructions

To complete this course, you must complete each lesson, including watching video content, reading provided articles, answering knowledge check questions, and completing the final assessment. To complete the assessment, a minimum passing grade of at least 70% is required.

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This course will expire 12 months from the registration date. 

Additional Details