An Interactive 5-Day Training Course
Accounting for Cryptocurrencies – From Basics to Practical Application
Cryptocurrencies Currency Accounting According to International Standards
Course Overview
Since the launch of Bitcoin in 2009, cryptocurrencies have developed into a significant class of digital assets, created and managed through sophisticated algorithms and decentralized systems. Unlike traditional currencies, these digital assets operate independently of central banks or government oversight, relying instead on blockchain technology to facilitate secure peer-to-peer transactions across the internet.
As digital currencies continue to gain traction globally, they are increasingly being used by corporations and individuals for transactions and investments. This widespread utilization calls for robust accounting practices that ensure both accuracy and transparency in financial reporting. Due to their unique characteristics—such as price volatility, lack of centralized control, and evolving regulatory landscapes—cryptocurrencies pose distinct challenges for finance professionals.
This Accounting for Cryptocurrencies – From Basics to Practical Application training course, delivered by Saudi GLOMACS, provides finance and accounting professionals with comprehensive tools and knowledge aligned with international accounting standards to manage and report cryptocurrency transactions effectively. It equips participants with the practical expertise necessary to navigate complexities in cryptocurrency accounting while minimizing financial misstatements and regulatory risks.
Whether you're a financial accountant, auditor, or responsible for managing digital assets within an organization, this course delivers in-depth skills to enhance compliance, accuracy, and transparency in your financial operations.
Training Objectives
- Understand the foundational role of cryptocurrencies in modern finance
- Identify key challenges in recording and managing cryptocurrency transactions
- Interpret and apply IFRS standards applicable to digital asset accounting
- Learn valuation techniques such as historical cost and fair value approaches
- Apply concepts using real-world financial reporting case studies
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
Training Outline
- What are cryptocurrencies?
- Differences between digital currencies and fiat currencies.
- Distinctions between cryptocurrencies and other digital assets.
- Classifying cryptocurrencies based on business models.
- Accounting treatment per business model.
- Valuation methods: **historical cost vs. fair value**.
- Depreciation applicability.
- Tax and fee handling.
- Disclosure** requirements per IFRS.
- Accounting disclosures for cryptocurrencies.
- Preparing financial statement notes.
- Capital gains taxation.
- Transaction risks.
- Anti-money laundering (AML) and cryptocurrencies.
Certificates
- On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
- Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Accreditation
GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
Sessions in international locations
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