It is our intention to invite senior practitioners from the accounting field to a one-day CPD seminar - Blockchain and Decentralized Finance: A Primer for Accounting and Finance Professionals, with the aim of raising awareness among professionals, increasing adoption and in turn raise profile of Nexus Mutual.
Accountants and financial professionals are required to complete annual continued professional development to keep their professional status. However, most accountants and financial professionals are not familiar with Defi, the products available or the accounting and auditing considerations. This has left a gap for education for professionals and there are no CPD accredited course or seminars available in Ireland and the UK on this subject. With education we can also raise brand awareness.
We aim to run 7, one day remote CDP accredited seminars for professionals in Ireland and the UK, with 25 people at each. We have already completed the comprehensive content and are applying for CPD accreditation. A summary of the seminar is below. We will be covering of Nexus Mutual for the case study in DeFi products: Insurance.
Right now, from our research, most medium-sized accounting practices do not have the knowledge to service clients in this sector, and although the demand for the service is not currently high, Accountants should be aware of this fast-growing industry, and the considerations for accounting and auditing. The UK is very progressive when it comes to cryptocurrency, and they aim to be a hub in the future. Ireland is less progressive but holds EU headquarters for many crypto companies such as Binance, Coinbase and much more.
We aim to make personal invites to the senior practitioners, however as the demand from clients is not yet there, we wish to make this free for them to attend, yet also give them the much-valued CPD credits.
A little about me
As a CPA, I moved into education several years ago, and can boast 250K students across 186 different countries. Two years ago, I pivoted my training and education business to focus on Web3, Blockchain and digital assets education. I have been involved in Cryptocurrency since 2017 and have run several educational events. I am also the founder of the Global Blockchain, web3 and cryptocurrency meetups group running weekly events online and a reach of +3000
Decentralized finance brings new regulatory considerations that accounting, and finance professionals need to be aware of. This includes understanding the regulatory framework surrounding decentralized finance products, as well as the auditing, reporting, and disclosure requirements for these products.
This seminar is designed for accounting and finance professionals who want to learn about decentralized finance and how it is changing the financial industry.
- Flaws in the current financial system
- What is blockchain?
- What is cryptocurrency?
- What are smart contracts and stable coins?
- Decentralized finance
- Decentralized finance products and how they work.
- The regulatory framework
- Accounting considerations
- Auditing, reporting, and disclosure
- Governance and DAOs
What Students Will Learn:
- The flaws in the current financial system and how decentralized finance aims to address them.
- The basics of blockchain and cryptocurrency
- The concept of smart contracts and stable coins
- The various decentralized finance products available including case studies.
- The regulatory framework surrounding decentralized finance.
- The accounting considerations related to decentralized finance.
- The auditing, reporting, and disclosure requirements for decentralized finance
Who This Seminar Is For:
This seminar is for accounting and finance professionals who want to learn about decentralized finance and how it is changing the financial industry. It is intended to provide relevant continued professional development and upskills to professionals in practice or industry, as well as financial staff in banks and other financial sectors. This seminar should give participants the knowhow to take on clients within the Defi sector and help individuals account for their defi activity. No prior knowledge of decentralized finance is required.
Cost of CPD accreditation $1,200
Instructor cost per day $500
Facilitator cost per day $400
Total labor costs per day $900 @ 7 days $6,300
Total Budget request $7,500
Milestone and Metrics for Success
Milestone 1: CPD accredited.
Milestone 2: 4 seminars in first month
Milestone 3: 3 seminars in the second month
Our success metrics are as follows.
- Full attendance at each seminar
- Learning objectives achieved by attendees.
- Positive feedback from attendees
Open for comments.
I look forward to reading the comments from the community and answering any questions that might arise.