Event Description

It is no secret that accounting firms, like many other organizations, have begun launching operations in the metaverse. For those unsure, the metaverse is a digital or virtual space where participants simulate a host of activities ranging from shopping to entertainment and business transactions. Why wouldn’t accounting firms and other professionals want to get in early on this new frontier? All types of businesses have begun purchasing and setting up shop in this new virtual world. These are no small endeavors – professionals are creating business plans to operate successfully in the virtual world that started off originally as a niche format for gamers. Accounting firms are starting to announce their acquisition of virtual real estate, and some are paying a premium to obtain prime locations. To operate successfully in the metaverse, professionals need to understand the environment and the rules of the game. This course provides an introduction to the metaverse and an overview of opportunities, risks and rewards for professionals who wish to stay relevant in the ever-expanding virtual world. Participants will walk away with an understanding of where we are in this rapidly developing space, plus gain insights on how to establish a presence or advise clients who wish to explore metaverse opportunities.

Designed For

Anyone in the accounting or financial service professions who seeks to gain a better understanding of how the metaverse operates and opportunities within the metaverse for professionals

Objectives

Understand how professionals are utilizing the metaverse Be familiar with strategies for participating in the metaverse Recognize how metaverse real estate assets are approaching real-world values Understand how metaverse and blockchain interrelate Be familiar with the growing list of big businesses entering the metaverse Understand the similarities and distinctions in various metaverses Recognize emerging taxation issues in the metaverse

Major Subjects

Understanding what the metaverse is and what it is not How to access the metaverse Why accounting and other professionals should use the metaverse Where accountants can find their space in the metaverse How the metaverse is changing the way we work Ownership opportunities in the metaverse Work and taxation in the metaverse

Prerequisites

General familiarity with accounting and business principles

Instructions

None