BLOCKCHAIN 101

BY IMA
Blockchain 101 by IMA
The goal of this course is to develop a foundational level of knowledge in the area of blockchain technology.
Through a gamified approach, you’ll explore and experience the various types and applications of blockchain.
By allowing digital information to be distributed but not copied, blockchain technology created the backbone of a
new type of internet.

Originally devised for the digital currency Bitcoin, the tech community has now found other potential uses for the
technology. Blockchain has the potential to revolutionize and reshape how accounting and finance is done. In
order for this potential to take shape, it’s necessary for management accountants to understand what blockchain
represents.

At the core of the idea, blockchain is a decentralized and distributed platform that stores and shares information
between individual or institutional members. The information is communicated on a near real-time basis and is
done so in a manner that has proven—to date—extremely resistant to hacking.

Learning Objectives:
Upon completion of this course, you should be able to
1. Explain blockchain and a distributed ledger system.
2. Define essential terms associated with blockchain.
3. Describe the normal blockchain process.
4. Identify various types of blockchains and provide examples.
5. Summarize the basic benefits of blockchain.

Delivery Method: QAS Self-Study

CPE Credit: 1 NASBA CPE credits

Authors: Dr. Sean Stein Smith, Assistant Professor, Lehman College

Field of Study: Information Technology

Level: Basic

Prerequisites/Advanced Preparation: N/A

Release/Expiration Dates: 4/16/2020 / 4/16/2022

Minimum Passing Grade: 80%

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Further copying without permission of the Institute of Management Accountants is prohibited.
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Institute of Management Accountants is registered with the National

Association of State Boards of Accountancy (NASBA) as a sponsor of
continuing professional education on the National Registry of CPE
Sponsors. State boards of accountancy 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: http://www.nasbaregistry.org.

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Copyright © 2020 by Institute of Management Accountants (IMA). All rights reserved.
Further copying without permission of the Institute of Management Accountants is prohibited.