This webcast will help you understand the potential of blockchain by diving into the blockchain structure and functionality. You will begin to navigate the practical aspects of blockchain applications and use cases by looking into Ledgers, transactions and Smart Contracts. In addition, this webcast will help you understand the current blockchain landscape which will help you begin thinking about business applications and financial control considerations associated with blockchain use.
This webcast will focus on responsibilities, process and technical controls. The interactive exercises weaved throughout will help you translate this understanding into relevant business application and value. This webcast is part of the three-part Blockchain Fundamentals for Accounting and Finance Professionals Certificate webcast program.
Learning Objectives
Recognize the elements of permissioned and permissionless ledgers and their associated benefits and risks
Identify the components of security models for both types of blockchains and the continuum where other blockchains reside
Recall access control mechanisms, the importance of decoupling and segregation of duties and optimizing decentralization
Identify the characteristics of hybrid blockchains and blockchain-as-a-service
Recognize the governing concepts behind transactions and fees in different blockchain use cases
Differentiate between the unused transactions output (UTXO) model and the account model
Distinguish between transaction throughput and confirmations
Recall how smart contracts differ from traditional contracts
Recall how cryptocurrencies can be researched via market capitalization sites
Identify the different types of cryptocurrency exchanges including the risks and benefits
Recall the value proposition of initial coin offerings.
Distinguish the elements of the general cryptocurrency taxonomy
Identify the different approaches to applying blockchain technology to create new business solutions
Identify system and organization controls (SOC) and how they relate to blockchain
Identify how to verify important process controls with blockchains and cryptocurrency
Recognize technical controls associated with blockchain and the need for expert teaming
Recognize the limitations of verification with transactions
Identify the fundamental and changing roles of the CPA when interacting with blockchain technologies
Major Topics
Elements of permissioned and permissionless ledgers
Components of security models
Access control mechanisms
Characteristics of hybrid blockchains and blockchain-as-a-service
Governing concepts behind transactions
Difference between unused transactions output and the account model
Transaction throughput and confirmations
Difference between smart contracts and traditional contracts
Cryptocurrency research
Types of cryptocurrency exchanges
initial coin offerings
General crytocurrency taxonomy
Approaches to applying blockchain technology
How system and organization controls relate to blockchain
Verify process controls with blockchains and cryptocurrency
Technical controls associated with blockchain
Limitations of verification with transactions
Fundamental and changing roles of CPAs
Provider
AICPA
Course Level
Basic
Professional Area of Focus
Business & Industry
Technology
CPE Field of Study
Specialized Knowledge
5.5
Who Should Attend
Non-IT finance professionals, CFOs, controllers, management accountants, public accountants, partners, staff, managers and internal auditors
