This course will outline, detail, and explain the specifics surrounding decentralized finance (DeFi), including examples of real-world applications alongside the accounting implications of different DeFi tools. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event. Instructor: Dr. Sean Stein Smith DBA, CPA
Learning Objectives
After attending this presentation you will be able to...Distinguish the various types of DeFi applications>, Identify how different DeFi tools create various accounting problems, Indicate how DeFi is causing the crypto-accounting conversation to evolve, Recall how DeFi functions are different from other centralized crypto services, Address and illustrate how DeFi creates unique challenges aside from other crypto accounting
Major Topics
The major topics covered in this class include:Specifics of various DeFi applications, including decentralized exchanges, yield farming, staking, and providing liquidity to liquidity pools, Discussion and examination around the accounting implications and impact of DeFi applications on the audit process, What practitioners need to know about the wide array of types of DeFi and how these different use cases changing the crypto-accounting conversation, External resources provided for extra contextual information
