Naslov
Accounting of cryptocurrencies under IFRS

Autori
Vašiček, Davor ; Dmitrović, Veljko ; Čičak, Josip

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
8th INTERNATIONAL SCIENTIFIC SYMPOSIUM ECONOMY OF EASTERN CROATIA – VISION AND GROWTH / Leko Šimić, M ; Crnković, B. - Osijek : Ekonomski fakultet Sveučilišta Josipa Jurja Strossmayera u Osijeku, 2019, 550-563

Skup
8. međunarodni znanstveni simpozij: Gospodarstvo istočne Hrvatske – vizija i razvoj = 8th International Scientific Symposium: Economy of Eastern Croatia – Vision and Growth

Mjesto i datum
Osijek, Hrvatska, 30.05.2019. - 31.05.2019

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
accounting, IFRS, cryptocurrencies

Sažetak
Today's accounting business implies a constant interaction with modern technologies. Through modern technology, a wide range of tools has been developed which accountants use to perform day-to- day activities. Cloud accounting, or at least cloud-based storage, becomes a common practice for accountants around the world. The digital era has given rise to new concepts, leading to challenges and opportunities in the area of accounting, auditing and insurance. Although cryptocurrencies and transactions with cryptocurrencies have ceased to be something new and have become a common occurrence in modern business, accounting regulations have not adapted to crypto currencies. International Financial Reporting Standards (IFRSs) are designed so that cryptocurrencies are difficult to fit into their financial statements structure. For example, the valuation cryptocurrencies at fair value through profit or loss can intuitively be made by a correct solution, but such valuation is not appropriate under IFRS. Under IFRS, it is possible to disclose cryptocurrencies as intangible assets, or in special cases as inventories. This is why this paper examines values of intangible assets in both Croatian and Serbian companies, and discusses possible implications of IFRS cryptocurrencies valuation on financial reports disclosures.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA