Learn about cryptocurrencies and the primary issues involved in accounting for them under International Financial Reporting Standards (IFRS).
This publication includes:
- a brief overview explaining what cryptocurrencies are
- a discussion of possible approaches to accounting for cryptocurrencies under existing IFRS
- an update on accounting standard-setting activity related to cryptocurrencies
- a brief summary of the tax implications of transactions involving cryptocurrencies
- supplemental guidance on determining fair value for cryptocurrencies
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Source: CPA Canada