This will examine and analyze the rise of non-fungible tokens (NFTs) alongside the smart contracts that support and manage these tokens.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Presented by Dr. Sean Stein Smith DBA, CPA
Target Audience
Practitioners at all levels of the accounting function
Course Objectives
After attending this presentation you will be able to...
Identify what NFTs are, and how they are different from other crypto assets
Recall the accounting issues connected to NFTs
Indicate what a smart contract is, and how they connect to NFTs
Recognize the accounting and control issues linked to smart contracts
Recall how NFTs are connected to smart contracts
Subjects
The major topics covered in this class include:
The underlying technology and components of NFTs, including how these tokens were developed, recent headlines around these tokens, and accounting implications that have arisen
The valuation, tax, and custody issues connected to NFTs
Discussion around smart contracts- the blockchain application that underpins NFTs- including the accounting issues connected to these contracts
External resources provided to provide attendees with additional content and practical advice
