Accounting Treatment to Crypto-Assets Contemporary Journal of Social Science and Humanities
Journal: Contemporary Journal of Social Science and Humanities (Vol.2, No. 4)Publication Date: 2021-11-30
Authors : Okafor Victor Ikechukwu;
Page : 18-27
Keywords : Crypto-assets; Accounting Treatment; Cryptocurrency; Forensic accountants;
Abstract
For companies who make transactions and report crypto-related balances as part of their financial statements, determining if a transaction authenticates a crypto-related balance can be difficult, especially for forensic accountants. In general, there is a lot of misconception and misunderstanding surrounding crypto-assets which has contributed to the lack of full acceptance of crypto-assets and how they are used. The aim of this study is to examine crypto-assets in general and what it entails, and also identify how this crypto—assets are are reported.
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