2018 - Blockchain
Overview
Blockchain has great implications for the accounting profession. An international Accounting Blockchain Coalition, including accounting firms, accounting associations, standards setting bodies, regulators, law firms, investors, and innovators, has already been established to gauge the impact that the technology brings to the industry. Blockchain is a digital ledger on which transactions are recorded chronologically and can be viewed by all who have access. It is expected to greatly affect asset valuation, financial statement presentation, taxation and auditing practice.
Join Monica Singer as she discusses the technicalities and application possibilities around Blockchain and how the technology, best known for its link to cryptocurrencies like Bitcoin and Ether, is forecasted to have wide-ranging implications for how financial data is secured, transmitted, and protected.
Learning objectives
The objective of the course is to provide the delegate with
- Understand the structure and requirements of the technology that underpins Bitcoin and other cryptocurrencies.
- Recognise the scope of the Blockchain industry; the scale of investment; the socio-political and economic context; key stakeholders, and the evolution of the industry.
- Be aware of Blockchain trends, market disruptions and the impact of Blockchain on various industries worldwide
- Be able to identify the key strategic challenges and opportunities for the accounting profession and the industries it represents, and work within these groups to analyse the scope, scale and trajectory of the market for your own Blockchain business strategy and for your clients
- Grasp the regulatory and competition frameworks of cryptocurrency and Blockchain.
Course content
The webinar will cover the following topics
- Distributed ledgers: the transfer of ownership of assets, the elimination of reconciliations and providing certainty over transaction history.
- The evolution of cryptocurrency and international payment flow.
- The anatomy and benefits of smart contracts and Initial Coin Offerings.
- Blockchain threats and possibilities: the elimination of bookkeeping and reconciliation, while adding strength to due diligence and financial analysis.
- The growing portfolio of available products and applications and decentralised trading ecosystems across capital markets, banking and utilities.
- Working groups: auditing of token issuers, token standards of assets, taxation of virtual currency, digital asset management and Enterprise Planning (ERP) System
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