UTAP Funding
The Monetary Authority of Singapore (MAS) has implemented strict and clear compliance regulations for digital payment token (DPT) service providers (DPTSPs) in Singapore. The regulatory requirements coupled with a low tax rate and an innovative culture, make Singapore an attractive headquarters for many cryptocurrency entities. This fuels the demand for accounting and finance professionals with expertise in crypto accounting. This course aims to equip participants with the essential skills to excel in the dynamic world of crypto accounting and compliance.
Crypto Accounting What, How, and Uses of BlockchainCrypto Terms - Memecoin, NFT, Layer 1, Gas FeeAccounting for Crypto on the Balance SheetCrypto CurrenciesCrypto DerivatiesUtility TokenSecurity TokenUS-GAAP and IFRS Crypto Accounting PolicyCase-study on Listed Entities and MAS Licensed EntitiesBest Practices for Crypto ManagementWallet HygieneCrypto CustodyCommon MistakesCrypto ComplianceSingapore License Requirement Crypto Sub-ledgerImportance of Crypto Sub-Ledger in Crypto AccountingType of Crypto Sub-Ledger Digital ToolsKey Considerations and Checklist for selecting and implementing a Crypto Sub-LedgerDemonstration on Crypto Sub-LedgersOn the completion of this course, you will be able to: Account for cryptocurrency on the balance sheet of a company; analyse crypto accounting practices in the financial statements of listed entities and licensed crypto entities in Singapore;implement best practices in wallet hygiene and crypto custody, and evaluate strategies to avoid common mistakes;interpret Singapore’s crypto license requirements; andEvalute the functionality and effectiveness of crypto sub-ledger tools.Training MethodologyLecture style presentations with interactive exercises and case studiesClosing Date for Registration1 week before programme or until full enrolment
On the completion of this course, you will be able to:
Training Methodology
Lecture style presentations with interactive exercises and case studies
Closing Date for Registration1 week before programme or until full enrolment
This intermediate course is designed for accounting and finance professionals who work with clients in the cryptocurrency space. It is also ideal for professionals already in the crypto industry, or finance professionals seeking a deeper understanding of this dynamic sector.
Category 1 = 4.00 HoursCategory 5 = 3.00 Hours
11 Mar 2025 (9:00 AM - 5:00 PM)
For Members: $ 406.57 For Non-Members: $ 485.05
1] NTUC Union Training Assistance Programme (UTAP)UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members.
NTUC members enjoy 50% *unfunded course fee support for up to $250 each year when you sign up for courses supported under UTAP. NTUC members aged 40 and above can enjoy higher funding support up to $500 per individual each year, capped at 50% of unfunded course fees, for courses attended between 01 April 2024 and 31 March 2025. *This excludes miscellaneous fees such as GST and registration fee etc. This course is approved for UTAP support for intakes conducted between 16 Aug 2024 – 31 March 2025. As UTAP is given on calendar year basis, and calculated based on year of training taken, it cannot be accumulated.
To submit for UTAP claims, please visit http://skillsupgrade.ntuc.org.sg/. Terms and conditions apply.Should you have queries on the funding scheme, you can email to UTAP@e2i.com.sg or call NTUC Membership Hotline at 6213-8008
Chan Wei XiangCA (Singapore)
Wei Xiang serves as the Chief Growth Officer at SOAS, a premier provider of accounting and incorporation services in Singapore. In addition, he is a Core Contributor at Launch Factor, a prominent web3 professional accounting firm, and the founder of Web3 Accountant. Wei Xiang holds a First Class Honours degree in Accountancy and an MBA from Nanyang Technological University. As a Chartered Accountant (Singapore), he has amassed extensive experience at esteemed institutions, including OKX, DigiFT, and KPMG. In his spare time, he writes articles on crypto accounting and produces educational videos on the subject.
60 Cecil StreetISCA HouseSingapore 049709
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06 Jan 2025 - 07 Jan 2025
06 Jan 2025 - 06 Jan 2025
07 Jan 2025 - 07 Jan 2025