Course Detail(A307 : Crypto Accounting & Compliance: Balancing the Ledger (Classroom))
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UTAP Funding

A307 : Crypto Accounting & Compliance: Balancing the Ledger (Classroom) NEW

3.50 CPE Hours (Category 1, Others)
Classroom

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.

Programme Outline

 

  • Crypto Accounting
    • What, how, and uses of Blockchain
    • Accounting for Crypto on the Balance Sheet
      • Crypto currencies
      • Crypto derivaties
      • Utility token
      • Security token
    • Case-study on listed entities and MAS licensed entities
  • Best Practices for Crypto Management
    • Wallet hygiene
    • Crypto custody
    • Common mistakes
  • Crypto Compliance
    • Singapore license requirement
  • Crypto Sub-ledger
    • Type of crypto sub-ledger digital tools
    • Demonstration on digital crypto sub-ledgers


On the completion of this course, you will be able to:

  1. account for cryptocurrency on the balance sheet of a company;
  2. implement best practices in wallet hygiene and crypto custody and avoid common mistakes;
  3. navigate Singapore’s crypto license requirements; and
  4. gain insight into crypto sub-ledger tools.


Training Methodology

Lecture style presentations with interactive exercises and case studies


Closing Date for Registration

1 week before programme or until full enrolment

Intended For

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.

Competency Mapping

Category 1 = 2.00 Hours
Others = 1.50 Hours

Schedule & Fees
Date & Time

06 Dec 2024 (2:00 PM - 5:30 PM)

Fee (inclusive of GST)

For Members: $ 257.24
For Non-Members: $ 307.38

Programme Facilitator(s)

Chan Wei Xiang

Venue

60 Cecil Street
ISCA House
Singapore 049709

Testimonial

Funding

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.

  • Maintained paid-up NTUC membership before course, throughout course duration and at the point of claim and;
  • Course by training provider must be supported under UTAP and training must commence within the supported period and;
  • Unfunded course fee must not be fully sponsored by company or other types of funding
  • Unfunded course fee must be S$20.00 and above, and;
  • Member must achieve a minimum of 75% attendance for each application and sat for all prescribed examination(s), if any and;
  • UTAP application must be made within 6 months after course ends.

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

Programme Facilitator(s)


Chan Wei Xiang
CA (Singapore)
 

Wei Xiang is a Core Contributor at Launch Factor, a leading web3 professional accounting firm, and the founder of Web3 Accountant. He specializes in integrating QuickBooks and Xero with crypto sub-ledgers and reconciling Web3 data for OTC exchanges. He holds a First Class Honors degree in Accountancy and an MBA from Nanyang Technological University. As a Chartered Accountant (Singapore), he has gained extensive experience working with esteemed institutions, including OKX, DigiFT, and KPMG. In his free time, he writes crypto accounting articles and produce crypto accounting teaching videos.

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.

Programme Outline

 

  • Crypto Accounting
    • What, how, and uses of Blockchain
    • Accounting for Crypto on the Balance Sheet
      • Crypto currencies
      • Crypto derivaties
      • Utility token
      • Security token
    • Case-study on listed entities and MAS licensed entities
  • Best Practices for Crypto Management
    • Wallet hygiene
    • Crypto custody
    • Common mistakes
  • Crypto Compliance
    • Singapore license requirement
  • Crypto Sub-ledger
    • Type of crypto sub-ledger digital tools
    • Demonstration on digital crypto sub-ledgers


On the completion of this course, you will be able to:

  1. account for cryptocurrency on the balance sheet of a company;
  2. implement best practices in wallet hygiene and crypto custody and avoid common mistakes;
  3. navigate Singapore’s crypto license requirements; and
  4. gain insight into crypto sub-ledger tools.


Training Methodology

Lecture style presentations with interactive exercises and case studies


Closing Date for Registration

1 week before programme or until full enrolment

Intended For

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.

Competency Mapping

Category 1 = 2.00 Hours
Others = 1.50 Hours

Programme Facilitator(s)

Chan Wei Xiang
CA (Singapore)
 

Wei Xiang is a Core Contributor at Launch Factor, a leading web3 professional accounting firm, and the founder of Web3 Accountant. He specializes in integrating QuickBooks and Xero with crypto sub-ledgers and reconciling Web3 data for OTC exchanges. He holds a First Class Honors degree in Accountancy and an MBA from Nanyang Technological University. As a Chartered Accountant (Singapore), he has gained extensive experience working with esteemed institutions, including OKX, DigiFT, and KPMG. In his free time, he writes crypto accounting articles and produce crypto accounting teaching videos.

Upcoming Schedule

Date & Time

06 Dec 2024 (2:00 PM - 5:30 PM)
Fee (inclusive of GST)


SGD pricing -

For Members: $ 257.24
For Non-Members: $ 307.38


Programme Facilitator(s)

Chan Wei Xiang

Venue

60 Cecil Street
ISCA House
Singapore 049709


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