events | 18 December 2020

Cryptoassets: Accounting Implications

This course will walk you through the existing IFRS standards that could be applied to different types of cryptoassets, both from the perspective of the holder and the issuer. Factors that need to be considered when determining the accounting treatment for these new assets will also be discussed.

Cryptoassets, including cryptocurrencies such as Bitcoin, witnessed a breakout in 2017. In light of this, Malta issued a framework regulating Digitalised Ledger Technologies (DLTs) and digital assets, thus providing a stable environment for investors and entities to operate in. This growing industry calls for an important aspect to be addressed – the accounting implications on these new type of assets. The aim of this course is to provide an overview of the different categories of cryptoassets available on the market and their accounting treatment. 

This course will walk you through the existing IFRS standards that could be applied to different types of cryptoassets, both from the perspective of the holder and the issuer. Factors that need to be considered when determining the accounting treatment for these new assets will also be discussed. 

Furthermore, the course will delve into the accounting implications applicable in different scenarios including ICOs and entities operating as trading platforms.

Target Audience: Accountants, Lawyers, Entreprenuers, Corporate Service Providers and related professionals

Learning Outcomes:

– Common types of cryptoassets
– IASB’s current position on cryptoassets
– Accounting literature of relevance to cryptoassets
– Classification of cryptoassets from the issuer’s point of view
– Classification of cryptoassets from the holder’s point of view
– Accounting for rights and obligations attached to cryptoassets
– Accounting considerations relevant to trading platforms
– Accounting considerations relevant to ICOs

Date: 16/02/2021

Time: 09:00 – 11:45 (15 mins break)

Venue:Live online session – details of how to join the meeting will be sent once registration is complete

Fee: €40

CPE Hours: This course qualifies for 2.5 hours of structured CPE which can be classified as Core Competency. A certificate of attendance will be provided at the end of the session.

Kindly note that this session entitles the attendee to 2.5 KPMG Loyalty Rewards. After collecting 60 Loyalty Rewards, attendees will be entitled to a free CPE session of their choosing. Visit our Loyalty Rewards page to learn more.

Moreover, for every three courses booked from our KPMG Learning Suites, attendees receive a discount voucher of 40% to be redeemed on their next course purchased from any Learning Suite!

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Cooperation Partners
  • Malta Association of Credit Management
  • Malta Employers' Associations