This course is part of CPA Australia’s suite of Digital Finance micro-credentialed courses. Successfully complete this course and receive a digital badge that you can share on LinkedIn and other social media platforms.
Description
About Digital Finance
The Digital Finance suite of micro-credentialed courses examines the skills necessary to deal with finance and accounting in a digital world and equips you with the tools to apply emerging technologies in a real-world context.
About CPA Australia Micro-credentials
CPA Australia’s Micro-credentials are based on technical and non-technical competencies and align to our Accounting and Finance Capability Framework. Our partner, Credly will provide you with a digital badge on successful completion. Your digital badge allows you to demonstrate your capability and achievement, and can be placed on your LinkedIn profile, digital CV or email signature.
About Future of Money
Innovation in the space of digital payments, the use of digital currency and cryptocurrencies will have a transformational impact on major facets of life and how we do every-day finance. Cryptocurrency transactions are becoming common within businesses, and there is now a need for finance professionals to have these specialised skillsets. Banks, globally, have come onboard and recognise that the use of distributed ledger technology such as blockchains can improve efficiency, security and reduce costs. Further, the entrance of alternative finance models means that traditional finance providers such as banks must be nimble and innovative in their services delivery.
This course focuses on the working knowledge required to understand the future of money and how digital currency and digital payments impact on the finance world.
Key topics of the course include:
Digital Currency
- Theoretical knowledge and practical examples to understand the characteristics, attributes and utilisation of digital currencies
Digital Payments
- The latest developments, applications, and the relevance of digital payments to the finance professional and organisations.
Cryptocurrency
- What are cryptocurrencies and alternative cryptocurrencies
- Understand terminology and the concept of Decentralised Finance (DeFi), blockchain and Distributed Ledger Technology (DLT).
Distributed Ledger Technology
- How Distributed Ledger Technology (DLT) is applied to blockchain and smart contracts and DLT in the context of traditional databasing methodologies.
Alternative finance
- An overview of mainstream alternative finance schemes and their characteristics, attributes, and utilisation of such schemes across a variety of use cases.
Future of banking
- Changes experienced by banks and regulations and how digital banking may improve the efficiencies and effectiveness of the finance industry
This course consists of one online course and assessment.
The assessment will be subject to security measures such as identification verification and webcam monitoring. Please read the Assessment and security policy and system requirements prior to making your purchase.
If you have commenced, or are about to commence, the CPA Program, please contact us before enrolling to this course.
Learning objectives
- Evaluate the benefits and risks of digital currency and payments in the context of achieving the organisation’s strategic goals
- Examine the use of blockchain to create efficiencies and effectiveness in the organisation
- Evaluate the benefits and risks of cryptocurrency and payments in the context of achieving the organisation’s strategic goals
- Evaluate the role of alternative finance providers in the context of achieving the organisation’s strategic goals
Audience
This course is suitable for all finance and accounting professionals.
