Description


The Blockchain Fundamentals for Accounting and Finance Professionals Certificate offers you the opportunity to build a foundation toward becoming a strategic business partner within your organization and with your clients. Advance your career with this certificate and digital badge.

This course is intended to provide participants with real-world literacy on blockchain and cryptoassets, the knowledge needed to anticipate potential benefits and risks of the technology, structure and functionality, and to translate them into relevant business application and value.

The accounting profession will play a significant role in driving the adoption of this world-changing technology and you, as an accounting and finance professional, can choose to shape how the adoption comes to life.  

      


Learning outcomes:

  • Distinguish the characteristics of blockchain and cryptoassets
  • Identify opportunities and risks.
  • Understand the high-level technology concepts underpinning blockchain.
  • Understand a range of use cases.
  • Leave having used a cryptocurrency wallet in a hands-on transaction exercise.
  • Learn to verify information written to a block (finance practitioners may not need to design, build, deploy and maintain) but they may need to verify.
  • Perform a hands-on hash activity exercise – hash documents or data, then verify it.
  • Differentiate between current state vs. future state.

Who should take this course?

  • Non-IT finance professionals
  • CFOs
  • Controllers
  • Management accountants
  • Public accountants
  • Partners
  • Staff
  • Managers
  • Internal auditors

Course structure

The course is delivered in blended learning mode. It consists of two parts:

I  - Online period (16h) - self-paced session - from the 20th of April to the 26th of May

II -  Live online session - (4h) - on the 26th of May

Recrutation till the 20th of April



I - Online period - self-paced session


Prerequisites: None

Programme level: Basic 

Duration: 16h

Access: This is the digital product. You have online access to the content. You must finish the online part before you join the live online session.


Topics included in online part:

Blockchain Evolution and Technology Concepts

Blockchain: Using and Securing Cryptocurrencies

Blockchain: Benefits, Values and Opportunities

Risks and Challenges of Blockchains

Blockchain Trends

Permissioned Ledgers and Other Solutions

Transactions and Smart Contracts

The Blockchain Landscape

Blockchain – Process and Technical Controls 



II -  Live online session   "Blockchain the future of accounting?"

Duration: 4h  

The main idea of the face-to-face session is to show the basic information about Blockchain Technology and the possibility of using in accounting. During the face-to-face session, participants will get acquainted with the main important concepts relating to the idea of Blockchain. We start from the history of Blockchain and we will define such concepts as: cryptocurrency - Bitcoin, Litecoin, Dogecoin; smart contracts; tokens, etc. The next step will be demonstrating the example of Blockchain transaction process and the explanation of distributed ledger technology. We will present the practical aspect of using Blockchain technology in finance, healthcare, government, media, etc. The last part of the session will be showing the possibility of implementation of Blockchain Technology in accounting, auditing, and taxes.


Programme



I- Online period - self-paced session


Key topics:

Blockchain Evolution and Technology Concepts

Objectives: When you complete this part, you will be able to: Identify the fundamentals of money/currency and its evolution from pre-cryptocurrency to digital/crypto-assets. Distinguish between blockchains, cryptocurrency and ownership. Identify the core components of blockchain technology. Distinguish between proof of work, proof of stake and mining. Identify the custody, responsibility and control continuum.

Blockchain: Using and Securing Cryptocurrencies

Objectives: When you complete this part, you will be able to: Recall the importance of cryptocurrency security for accountants and auditors. Identify the security attributes of the various wallet types. Recognize the distinction between physical security and digital security. Recall the benefits and features of multi-sig wallets. Identify the ways two-factor authentication (2FA) and password managers are used for cryptocurrency security.

Blockchain: Benefits, Values and Opportunities

Objectives: When you complete this part, you will be able to: Identify the four characteristics of the Bitcoin blockchain. Recall the three parts of a zero-knowledge proof, what the concept solves, the security breakthrough, and the non-financial benefits. Recognize how blockchain provenance affects supply chain and the paradigm shift from the push supply chain to the pull demand chain as well as  the benefits of decentralized file storage and prediction markets. Recall the most significant problems with digital identity and know-your-customer (KYC) regulations, how blockchain shifts control of identities back to the individual and solves the identity fraud problem while saving billions of dollars. Distinguish the industry specific applications of blockchain especially for accounting, tax and legal including the single entry accounting limitation of existing blockchains.

Risks and Challenges of Blockchains

Objectives: When you complete this part, you will be able to: Distinguish between risks associated with human factors and risks outside the control of the person or organization. Identify regulatory risks, standards, and legality associated with blockchain and cryptocurrency adoption. Recall how key management is critical for securing cryptocurrency and how it relates to legacy risk and long-term security. Recognize how governance, consensus, and fork and chain splits risks are related to one another and the challenges of managing chain split coins. Identify risks that are future focused.  


Blockchain Trends

Objectives: When you complete this part, you will be able to: Identify limitations of blockchains and their solutions. Recall how the internet of things (IoT) will increase an auditorâsscope. Recall the value propositions and accounting challenges of stablecoins and privacy coins. Recognize how mechanized proofs solve security issues with smartcontracts and reduce risk for end users. Recall the benefits and challenges of initial coin offerings.  


Permissioned Ledgers and Other Solutions

Objectives: When you complete this part, you will be able to: 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.

Transactions and Smart Contracts

Objectives: When you complete this part, you will be able to: 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.  


The Blockchain Landscape

Objectives: When you complete this course, you will be able to: 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.

Blockchain – Process and Technical Controls

Objectives: When you complete this part, you will be able to: 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.  



II - Live online session  "Blockchain the future of accounting?" (4h)


1.   A brief history of Blockchain

2.   What is a distributed ledger technology (DLT)?

3.   Application of Blockchain Technology

4.   Blockchain as a future of accounting




Instructors


Magdalena Kowalczyk

Magdalena Kowalczyk is an adiunct  from 2010 in Department of Management Accounting in the Institute od Accounting and Financial Management at Poznan University of Economics and Business. She was a senior lecturer at The President Stanislaw Wojciechowski State University of Applied Sciences in Kalisz from 2001 -2018. Magdalena graduated in 2000 (master degree – Faculty Management and Marketing in the field of Finance and Accounting in Company) Poznan University of Economics and Business. In 2004  - 2009 she started doctoral study, full time at University of Lodz, Faculty of Management, Department of Accounting. She obtained her PhD in 2009 with her research focused on the “Performance budgeting in Polish local government”. Her current research interests are in the: public sector accounting, New Public Management, Corporate Social Responsibility in public sector. She is an author of several papers connecting with public sector accounting.

She is author a monograph: ”Non-financial indicators in terms of local government’s performance in Poland” “Basic of financial analysis in local government” and co-author “Budgeting accounting in management of local government finance”.

She has 19years of teaching experience in the field of accounting.  She teaches financial accounting, cost accounting, management accounting, financial analysis, public sector accounting on bachelor and master degree and postgraduate studies.






Price


Price per person:
2200 PLN regular price     1800 PLN promotional price

Training price includes: 

- access to the online period (self-paced session) and to the live online session

- certyficate of compleition 

Deadlines and registration for course


Online registration on training - check and sign up!

 

Information is provided by:

Grażyna Światała

Centre of Executive Education

Poznań

+48 61 854 30 80

e-mail: szkolenia@ue.poznan.pl