(Fully booked) BDO WEBINAR: DIGITAL ASSET (CRYPTOCURRENCIES, STO AND NFT) LANDSCAPE AND ITS ACCOUNTING IMPLICATIONS TO BUSINESSES

Date: 23 March 2022
Time: 15:00 - 16:30

  

  • Summary

2021 was a wild year for crypto. Fuelled by the economic effects of Covid-19 pandemic, a growing number of publicly traded corporations started to include Bitcoin in their balance sheets.  While Bitcoin's pricing witnessed high volatility, the blockchain decentralised applications (dApps) development have taken off and quickly become the backbone of Web 3.0. Whether the buzzword is an actual dream comes true, the idea of decentralised data has gained tremendous momentum that businesses are getting ready to adapt.

The aspiration of web 3.0 also gives hope to the Metaverse utopia where one lives virtually beyond imagination. To name a few applications to business finance:

  • Security Token Offering (STO) which has gained endorsement across jurisdictions, including Hong Kong, US and UK, to be governed by existing securities regulations.
  • The emergence of Non-Fungible Token (NFT) allows purchase of digital assets with indisputable ownership.


All of these were made possible by blockchain distributed ledger technology. So what does this all mean to us as a business?

In this webinar, we will explore on the above and cover the following:

  • Landscape of Digital Assets (ie Cryptocurrencies, STO and NFT)
  • The potential accounting implications of digital assets
  • The cloud way of digital assets tracking

 

Speakers

HEIDI CHAN, Accounting Services Director, BDO

Heidi Chan is the Accounting Services Director of the firm.

Heidi has extensive experience in outsourced accounting services. Her clients include multinational corporations (MNC) in different business sectors such as property investment, financial services, general trading, technology as well as small-to-medium sized companies.

She is familiar with financial reporting requirements of MNCs and preparation of specific financial reports and packages.

She is a Hong Kong Certified Public Accountant and Fellow of the Association of Chartered Certified Accountants.

 

ANDREW YUNG, Senior Manager of Digital Transformation Services, BDO

Andrew Yung is the Senior Manager of Digital Transformation Services of the Firm.

Andrew's accounting career began in 2008 as an auditor and joined a leading multinational bank in 2010. He delivered several process optimisation projects in the area of Equity Trading Operation and Fund Administration. To promote the accounting profession, Andrew led the Hong Kong Business Development team for CPA Australia before joining an Australia listed cloud accounting software company. Prior to BDO, Andrew was the lead consultant at the Australia listed cloud accounting software company helping accounting firms deliver cloud implementation projects using the latest cloud software and applications.

Andrew is a proactive council member of HKICPA, a member of CPA Australia, and sits in numerous Fintech association committees. He also has a passion for helping startups and is an advisor for the Pan-Asia Venture Development Platform (PAVD), where he assists innovative ventures in fundraising.

 

Further information
This event will incorporate slides which you can view on a PC and audio broadcast technology which requires only the speakers in your device. Therefore, on the day, please ensure the audio volume of your device is turned up. You are recommended to log in the webinar (which will be provided by email after your successful registration) a few minutes before the webinar starts to make sure you have no problem with the connection. 

 

Details are as follows:

Date : Wednesday, 23 March 2022
Time : 15:00 – 16:30
Language : Cantonese, supplemented with English presentation materials
Fee : Free of charge
CPD Units* : 1.5 hours (*The recognition of CPD hours by your professional organisations is subject to their CPD policies.)
Remarks : 1. For any enquiries, please contact contact Ida Cheung at +852 2218 3714 or idacheung@bdo.com.hk. 
    2. Login information will be sent to you by email after successful registration.
    3. BDO reserves the final right of acceptance of registration.