Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Accounting of Cryptocurrencies according to International Financial Reporting Standards (IFRS)

Accounting of Cryptocurrencies according to International Financial Reporting Standards (IFRS)

Anonymous

Paperback

Management

ISBN10: 3346928632
ISBN13: 9783346928634
Publisher: Grin Verlag
Published: Aug 16 2023
Pages: 20
Weight: 0.09
Height: 0.05 Width: 5.83 Depth: 8.27
Language: English
Seminar paper from the year 2019 in the subject Business economics - Controlling, grade: 2,2, University of Applied Sciences Essen, course: Value Based Controlling & Intern. Accounting, language: English, abstract: This paper will describe if cryptocurrency can be handled as cash or other assets in the IFRS. By now, it is commonly known that cryptocurrencies are virtual currencies. Cryptocurrencies are not linked to a central banking system or any other authority. Among others, those facts lead to several challenges for a company that owns cryptocurrencies. Even if the term cryptocurrency and some features are generally known, this assignment will first define what a cryptocurrency is and the origin of it. This is necessary to understand the complexity of this topic and get an impression about the challenges the finance sector as well as accounting and controlling of companies are facing. In the next part, this assignment will consider which accounting standards might be applicable for cryptocurrencies. In the last stage, the assignment will give a deeper insight into the accounting of cash and cash equivalents compared to cryptocurrencies.

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