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Accounting for Cryptocurrencies – From Basics to Practical Application

An Interactive 5-Day Training Course

Accounting for Cryptocurrencies – From Basics to Practical Application

Cryptocurrencies Currency Accounting According to International Standards

NASBA
Classroom Schedule
Date Venue Fees
13 - 17 Apr 2026 London $ 5,950
27 - 31 Jul 2026 Dubai $ 5,950
05 - 09 Oct 2026 Dubai $ 5,950
14 - 18 Dec 2026 London $ 5,950

Introduction

Since 2009, cryptocurrencies have emerged as digital assets produced by computer programs, operating without control from any government or central bank. They function as peer-to-peer exchange mediums via the internet, relying on blockchain technology. 

With rapid technological advancements, cryptocurrencies have become integral to the global economy, used by businesses and individuals for payments and investments.

This widespread adoption necessitates a clear accounting framework to ensure accurate and transparent handling of these digital assets. 

Cryptocurrency accounting requires specialized knowledge due to their unique characteristics, such as extreme volatility and lack of central regulation, posing challenges for accountants and auditors.

This GLOMACS training course offered equips participants with the tools and international accounting standards needed to record and evaluate cryptocurrencies according to global best practices. 

Whether you are an accountant, auditor, or financial officer in a company leveraging this technology, this training course will provide advanced practical skills. It also helps organizations avoid financial and legal risks associated with improper accounting documentation of these assets. 

Objectives

  • Introduce participants to the concept of cryptocurrencies and their role in the modern financial system. 
  • Discuss challenges associated with cryptocurrencies. 
  • Explain international accounting standards (IFRS) related to cryptocurrencies recording. 
  • Train participants on accounting valuation methods for cryptocurrencies (Historical cost vs. Fair value). 
  • Practical application through real-world case studies in financial statements. 

Training Methodology

  • Interactive lectures with experts in accounting and digital finance.
  • Hands-on workshops using specialized accounting prblems. 
  • Case studies from global companies. 
  • Discussion sessions for knowledge exchange among participants.

Organisational Impact

  • Gain advanced accounting skills in cryptocurrency handling. 
  • Enhance employability in tech and investment firms. 
  • Understand financial and legal risks and avoid common pitfalls. 

Personal Impact

  • Improve financial reporting quality and transparency. 
  • Mitigate risks linked to poor documentation. 
  • Build investor and regulatory trust. 
Course Outline
Day 1

Introduction to Cryptocurrencies Basics

  • What are cryptocurrencies? 
  • Differences between digital currencies and fiat currencies. 
  • Distinctions between cryptocurrencies and other digital assets. 
  • Types of cryptocurrencies (Bitcoin, Ethereum, etc.). 
  • Unique features and advantages of cryptocurrencies. 
  • Blockchain technology and acquisition methods. 
  • Challenges: economic, legal, and tax-related issues. 
  • Global regulatory framework and country-specific stances. 
Day 2

Accounting for Cryptocurrencies in Ledgers

  • Classifying cryptocurrencies based on business models: 
    • As inventory. 
    • As intangible assets. 
    • As financial instruments. 
  • Accounting treatment per business model. 
    • Recording purchase/sale transactions. 
    • Relevant IFRS standards (IFRS 9, IAS 38, IAS 2). 
    • Key accounting challenges. 
Day 3

Cryptocurrency Valuation in Accounts and financial statements

  • Valuation methods: historical cost vs. fair value. 
  • Depreciation applicability. 
  • Tax and fee handling. 
  • Price volatility impact on financial statements. 
  • Global company case studies. 
Day 4

Disclosure and Transparency in Financial Reports

  • Disclosure requirements per IFRS. 
  • Accounting disclosures for cryptocurrencies as:
    • Inventory. 
    • Intangible assets. 
    • Financial instruments. 
  • Preparing financial statement notes. 
Day 5

Beyond Cryptocurrencies

  • Capital gains taxation. 
  • Transaction risks. 
  • Anti-money laundering (AML) and cryptocurrencies. 
  • Auditing digital currency transactions. 
  • Accounting ethics for digital assets. 
  • Regulatory challenges in Arab and global contexts. 
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 Sponsors, one CPE credit is granted per 50 minutes of attendance.
Providers

Endorsed Education Provider

NASBA
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Frequently Asked Question

No. Saudi GLOMACS delivers courses in Saudi Arabia and internationally, including delivery across Europe and Asia. This allows organisations and professionals to access training both locally and abroad.

No. While governance and leadership are part of the portfolio, Saudi GLOMACS delivers training across the entire business and professional lifecycle, including administrative, technical, legal, regulatory, and sector-specific training.

Yes. Saudi GLOMACS designs and delivers bespoke in-house training tailored to organisational objectives, sector requirements, and workforce needs. Training can be delivered in Saudi Arabia or internationally, depending on requirements.

Courses delivered in Saudi Arabia are adapted to reflect local regulatory frameworks, organisational structures, sector conditions, and professional expectations. This ensures training is relevant, practical, and aligned with Saudi workplace realities.

GLOMACS has been delivering professional training for over thirty years, with courses delivered across Europe, the Middle East, Asia, and other international markets.

Saudi GLOMACS combines three decades of global training experience with a clear focus on Saudi market relevance. This allows it to deliver training that is both internationally credible and locally applicable, across a broader range of disciplines than niche or single-focus providers.

Saudi GLOMACS is a Saudi-based professional training provider delivering courses tailored to the Saudi market and applicable internationally. It operates within the global GLOMACS framework and draws on more than three decades of international training experience.

Saudi GLOMACS offers professional training across a wide range of disciplines, including administration, leadership and management, governance and regulation, law, oil and gas, energy, engineering, finance, digital technologies, and sector-specific specialisations.

Training supports professionals across all career stages, from operational roles to specialist and senior responsibilities.

Participants include professionals from public sector, semi-government, and private sector organisations, across a wide range of roles and industries. Attendees range from administrative and operational professionals to technical specialists, managers, and senior decision-makers.

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