Last Updated on May 12, 2023 by Paganoto
Holdings of cryptocurrencies – EY
Holdings of cryptocurrencies – EY
The IFRS IC observed that a holding of cryptocurrency meets the definition of an intangible asset in IAS 38 on the grounds that: (a) it is capable of being separated from the holder and sold or transferred individually; and (b) it does not give the holder a right to receive a fixed or determinable number of units of …
IFRS Viewpoint: Accounting for cryptocurrencies
IFRS Viewpoint: Accounting for cryptocurrencies
In this Viewpoint, we explore the acceptable methods of accounting for holdings in cryptocurrencies while touching upon other issues that may be encountered.
cryptographic-assets-related-transactions-accounting … – PwC
cryptographic-assets-related-transactions-accounting … – PwC
In June 2019, the IFRS IC published its agenda decision on ‘Holdings of Cryptocurrencies‘, and it considered a subset of cryptographic assets with the following …
IFRS – Holdings of Cryptocurrencies – IFRS Foundation
IFRS – Holdings of Cryptocurrencies – IFRS Foundation
The IFRS Foundation is a not-for-profit, public interest organisation established to develop high-quality, understandable, enforceable and globally accepted …
AP30E: Cryptocurrency – IFRS Foundation
AP30E: Cryptocurrency – IFRS Foundation
In that circumstance, a holding of cryptocurrency is inventory for the entity and, accordingly, IAS 2 Inventories applies to that holding.
AP4A: Holdings of cryptocurrencies – IFRS Foundation
AP4A: Holdings of cryptocurrencies – IFRS Foundation
An entity applies the presentation and disclosure requirements of the IFRS Standard it applies to account for its holdings of cryptocurrencies.
How to Account for Cryptocurrencies in line with IFRS – CPDbox
How to Account for Cryptocurrencies in line with IFRS – CPDbox
Identifiable means either: Separable – i.e. you can separate or divide it from the entity and sell, transfer, rent, etc.; or.
IFRS: Accounting for crypto-assets
IFRS: Accounting for crypto-assets
There is no way to record short positions in a cryptocurrency directly on the blockchain, and therefore the short position will take the form of a separate …
Accounting for cryptocurrencies – ACCA Global
Accounting for cryptocurrencies – ACCA Global
Where the revaluation model can be applied, IFRS 13, Fair Value Measurement, should be used to determine the fair value of the cryptocurrency. IFRS 13 defines …
Cryptocurrencies and IFRS – Accounting Treatment
Cryptocurrencies and IFRS – Accounting Treatment
Since, a holding of cryptocurrency meets the definition of an intangible asset and the relevant scope exceptions do not apply, holdings of …
Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.