Crypto Experiential Tour for Accountants & Advisers

Aimed primarily at small business accountants, advisers and bookkeepers, this 6-week exploration will focus on understanding what their clients are doing in the cryptocurrency and digital assets space.

“I have no idea what you are talking about”... Feeling out of your depth as an adviser when it comes to cryptocurrencies and other digital assets? You’re not alone! Seeing is understanding, learning is by doing. It's still early days in the digital asset revolution, and everyone is on a steep learning curve.  Accountants know a lot already, and with a tour of the factory floor, they'll be industry leaders!

This is not another crypto tax workshop. This is an experiential tour with a crypto-experienced accountant, intended to make complex topics visible and easier to understand, and relateable to familiar concepts. 

You will learn by doing. 

Through personal experience, participants will gain confidence to discuss crypto scenarios with their clients and provide appropriate guidance. 

Dates: 

o Tuesdays, 7 to 8pm AEST

o 1, 8, 15, 22 February and 1, 8 March 2022

Program Outline

o How big is Blockchain, Bitcoin and Crypto?

o What aspects do accountants most need to understand?

o Describing Blockchain and the Bitcoin Standard in simple terms

o Introduction to Cryptocurrencies and Other Digital Assets

o Basics of Decentralised Finance (DeFi)

o Basics of Decentralised Autonomous Organisations (DAO’s) and the Token Economy

o Brief Overview of Regulatory and Legal Frameworks

o Data Privacy and Security

o Common scams and red flags, what to check and what to avoid

o Real case scenarios of blockchain adoption in business

o Accounting for crypto in Xero

o Strategies to improve clients’ crypto financial literacy

Experiential learning and demonstrations:

o Purchasing cryptocurrencies on an exchange

o Storing and transferring your crypto with digital wallets

o Paying for goods and services with crypto

o Earning interest, staking and yield farming with crypto

o Accessing the world of Web3 and De-Fi with browser extensions

o Handling data-feeds from crypto wallets in Xero accounting software

Entry Requirements

o Qualified accountants, business advisors and bookkeepers practicing in Australia

Study Methods

o Virtual streaming (6x interactive webinars)

o Private Group Chat for Q&A's, Problem Solving

o Duration: 6 weeks, up to 2 hours per week commitment

Outcomes

- A better understanding of the activities your crypto clients are involved in and the environment in which they’re operating

- Feel more confident discussing clients’ crypto activities with them

- Recommend appropriate record keeping

- Professional networking and peer support

- Best sources for doing your own research

Presenter

o  Electra Frost FIPA, CTA, Tax Agent

o  Co-founder at Digital Playhouse and Director of Electra Frost Advisory

Digital Playhouse is a social enterprise innovation hub based in Agnes Water, Queensland. Our Social Impact Mission is to bring Industry 5.0 opportunities and grow social and monetary capital in regional Australia through improving digital and financial literacy.