Executive Certificate in BlockChain Application for Accounting and Auditing - HKU SPACE: Accounting, FinTech and Financial Intelligence courses
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Accounting & Finance Accounting

Executive Certificate in BlockChain Application for Accounting and Auditing
行政人員證書《區塊鏈在會計、審計的應用》

Course Code
EP149A
Application Code
1750 - EP149A
Study mode
Part-time
Start Date
To be advised
Next intake(s)
March 2022
Duration
3 months
Language
English, supplemented with Cantonese
Course Fee
HK$7000
資產虛擬化
今年數碼港舉辦了「區塊鏈與監管科技專家講堂」系列,向金融業講解區塊鏈在數碼資產、保險及合規領域的應用.

If you don't experiment with Blockchain, you will be in danger of falling behind!

Blockchain technology continues to grow in importance across multiple industries and professions around the world.  The accounting and auditing profession is no exception.
 
Companies are using blockchain to improve enterprise resource planning (ERP), especially in areas such as supplier management and procurement. Some even dabble in cybersecurity and sustainable database planning with the help of blockchain technology.

With the increasing use of Bitcoin and other cryptocurrencies, understanding blockchain technology is now crucial for accountants who want to land tech-savvy clients. Chartered professional accountants (CPAs) should also need to know about blockchain’s applications in financial planning, record-keeping, and audits.  And auditors equipped with the knowledge would be able to provide audit and assurance services to entities using blockchain technology.

In response to this trend, this programme is developed to provide students 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. And the accounting and auditing professionals will be equipped with the technology in the new era.

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The programme aims to provide students with knowledge, structure and functionality of the blockchain technology.  Upon completion of the programme, they would be able to translate the technology and apply it in accounting, auditing and other relevant business applications.

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The programme aims to provide students with knowledge, structure and functionality of the blockchain technology.  Upon completion of the programme, they would be able to translate the technology and apply it in accounting, auditing and other relevant business applications.

 

Tutor Profile

Mr. Gary Yiu (MSc(CUHK), MSc(HKPU), CPA, CIA, CISA, CCEBS)

Mr. Yiu now heads up the Group Audit of an international bank.  He was Associate Director of one of the Big-4 firms and is currently working for an internal audit function of a leading bank in Hong Kong. He has extensive external and internal audit experience and served as a lecturer of various academic programmes and professional courses in the past 7 years.

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Mr. Wilson Pang (CPA, CISA)

Wilson is working in an authority with responsibilities to facilitate healthy fintech development in Hong Kong. Prior to this role, Wilson was a Director of one of the Big-4 firms who led cyber security and IT consulting related services. He has more than 10 year experience in teaching professional courses. 

Application Code 1750 - EP149A -

Days / Time
  • Sunday, 2:00pm - 5:00pm

Assessment and Award

  • Assessment is based on an in-class quiz MCQ (30%) and an individual assignment of a case study (70%).
  •  To be eligible for the award of Executive Certificate in BlockChain Application for Accounting and Auditing, students should obtain at least 50% overall marks of assessment and 70% attendance.

Syllabus:

Blockchain evolution and technology concepts

  • Near real-time settlement
  • Distributed ledger
  • Irreversibility
  • Censorship resistant

Blockchain: using and securing cryptocurrencies

Permissioned, permissionless ledgers and other solutions

  • Concepts of the ledgers
  • Benefits of the distributed ledgers

Transactions and smart contracts

  • Nature of smart contracts
  • Advantages and disadvantages of using smart contracts
  • Third-party intermediaries

Blockchain – process and technical controls

Accounting considerations associated with digital assets on the financial statements

  • Incorrect classification in the financial statement

Data reliability, integrity and security of Blockchain technology

Risk assessments of financial information and procedure

  • Unauthorized, fraudulent, or illegal
  • Executed between related parties
  • Linked to a side agreement that is “off-chain”

Audit evidence and assertions associated with Blockchain technology

Future role of CPAs and the impact of Blockchain on accounting and auditing

To be advised

Applicants shall hold:

(i)    a bachelor’s degree awarded by a recognized university or equivalent; or

(ii)       an Associate Degree / a Higher Diploma or equivalent, and have at least 2 years of work experience.

 

Applicants with other qualifications and substantial senior level work experience will be considered on individual merit.

Application Fee

HK$150 (Non-refundable)

Course Fee
  • Course Fee : HK$7000
  • Early Bird Rate : HK$6300 ((ENROLL in the course on or before 27 Sep 2019))
  • Alumni Rate : HK$6300

Application FormDownload Application Form
Application Form

Enrolment Method
Payment Method
1. Cash, EPS, WeChat Pay Or Alipay

Course fees can be paid by cash, EPS, WeChat Pay or Alipay at any HKU SPACE Enrolment Centres.

2. Cheque Or Bank draft

Course fees can also be paid by crossed cheque or bank draft made payable to “HKU SPACE”. Please specify the programme title(s) for application and the applicant’s name.. You may either:

  • bring the completed form(s), together with the appropriate course or application fees in the form of a cheque, and any required supporting documents to any of the HKU SPACE enrolment centres;
  • or mail the above documents to any of the HKU SPACE Enrolment Centres, specifying  “Course Application” on the envelope.  HKU SPACE will not be responsible for any loss of payment sent by mail.
3. VISA/Mastercard

Applicants may also pay the course fee by VISA or Mastercard, including the “HKU SPACE Mastercard”, at any HKU SPACE enrolment centres. Holders of the HKU SPACE Mastercard can enjoy a 10-month interest-free instalment period for courses with a tuition fee worth a minimum of HK$2,000; however, the course applicant must also be the cardholder himself/herself. For enquiries, please contact our staff at any enrolment centres.

4. Online Payment

Online application / enrolment is offered for most open admission courses (course enrolled on first come, first served basis) and selected award-bearing programmes. Application fees and course fees of these programmes/courses can be settled by using "PPS by Internet" (not available via mobile phones), VISA or Mastercard. In addition to the aforesaid online payment channels, continuing students of award-bearing programmes, if their programmes offer online service, may also pay their course fees by Online WeChat Pay, Online Alipay and Faster Payment System (FPS). Please refer to Enrolment Methods - Online Enrolment  for details.

Notes

  • If the programme/course is starting within five working days, application by post is not recommended to avoid any delays. Applicants are advised to enrol in person at HKU SPACE Enrolement Centres and avoid making cheque payment under this circustance.
  • Fees paid are not refundable except under very exceptional circumstances (e.g. course cancellation due to insufficient enrolment), subject to the School’s discretion. In exceptional cases where a refund is approved, fees paid by cash, EPS, WeChat Pay, Alipay, cheque or PPS (for online payment only) will normally be reimbursed by a cheque, and fees paid by credit card will normally be reimbursed to the payment cardholder's credit card account.
  • In addition to the published fees, there may be additional costs associated with individual programmes. Please refer to the relevant course brochures or direct any enquiries to the relevant programme team for details.
  • Fees and places on courses cannot be transferrable from one applicant to another. Once accepted onto a course, the student may not change to another course without approval from HKU SPACE. A processing fee of HK$120 will be levied on each approved transfer.
  • Receipts will be issued for fees paid but HKU SPACE will not be repsonsible for any loss of receipt sent by mail.
  • For payment certification, please submit a completed form, a sufficiently stamped and self-addressed envelope, and a crossed cheque for HK$30 per copy made payable to "HKU SPACE" to any of our enrolment centres.