Non-Fungible Tokens (NFTs) - Implications for Practitioners

Description

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.

Highlights

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

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

Designed For

Practitioners at all levels of the accounting function