Blockchain Essentials-Impact on Modern Accounting

Description

You may think of bitcoin as just another investment currency, but its underlying technology has much wider implications. Since its 2009 inception, blockchain threatens to upend the accounting profession by offering unprecedented reliability and transparency to standard transactions. Blockchain adoption is growing steadily among multinational organizations and is now poised to revolutionize the entire financial industry.
In this course, you will learn the history behind blockchain technology and its major components, how blockchain challenges the accounting status quo, and how to handle issues surrounding auditing and assurance in the blockchain era.

Highlights

Bitcoin
Elysium
Hyperledger
DLT
Smart contract

Objectives

Participants will be able to:
Explainthebackgroundandoriginofblockchainanddistributedledger technology (DLT)
Identify the key components of blockchain technology in distributed transactions and smart contracts
Describe how blockchain technology could impact accounting and financial professions
Address the challenges presented by auditing and assurance to an organization's adoption of blockchain technology

Designed For

All staff responsible for the accounting and finance functions within an organization that may leverage blockchain technology.