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.
Participants will be able to: Explain the background and origin of blockchain and distributed ledger 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
All staff responsible for the accounting and finance functions within an organization that may leverage blockchain technology.