Cryptocurrency

This topic has 5 replies, 3 voices, and was last updated 6 years ago by Stephen Widberg.

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November 6, 2019 at 6:57 am #551655
christinathaiba
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Is Cryptocurrency a financial asset or intangible asset???
What is correct accounting treatment of it??
November 7, 2019 at 6:33 am #551728
Stephen Widberg
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Intangible is the most likely answer
Unlikely to be financial asset as no right to convert for cash (as with a bond)
November 9, 2019 at 8:28 pm #551906
ginetta86
Participant
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It is useful to read the technical article about cryptocurrency found on the ACCA website
November 10, 2019 at 8:48 am #551941
Stephen Widberg
Keymaster
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https://www.accaglobal.com/in/en/student/exam-support-resources/professional-exams-study-resources/strategic-business-reporting/technical-articles/cryptocurrencies.html
November 13, 2019 at 4:33 am #552365
christinathaiba
Member
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Thank you
November 13, 2019 at 4:31 pm #552481
Stephen Widberg
Keymaster
- Topics: 17
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A pleasure. Have a great day.
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