This course delves into the critical challenges and evolving standards of accounting for cryptocurrencies within the IFRS framework. With the rapid growth of cryptocurrency applications, businesses and accounting professionals face unique hurdles in recognition, valuation, and reporting. This comprehensive program critically examines current IFRS reporting models, their limitations, and emerging recommendations for developing specific standards to ensure transparency and faithful financial representation. Participants will explore real-world implications and future prospects for cryptocurrency accounting.

Topics List

• Overview of cryptocurrency markets and their evolution.
• Current IFRS standards applicable to cryptocurrency accounting.
• Challenges in classifying cryptocurrencies (cash, intangible assets, or inventory).
• Valuation methodologies: cost vs. fair value.
• Case studies: Global inconsistencies in cryptocurrency reporting.
• Recommendations for future IFRS developments.