Accounting for cryptocurrency and other digital assets

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Most of us are aware of the increased presence of terms like cryptocurrency (such as Bitcoin), Non-fungible Tokens (NFTs), digital assets, blockchain, and many more in our day-to-day worlds.

Have you pondered the accounting treatment (recognition, measurement, presentation and disclosure) of digital assets, such as the above, in terms of International Financial Reporting Standards (IFRS)?

There is no reporting standard that deals exclusively with digital assets (yet). Most accountants immediately think that a digital asset is automatically a financial instrument (financial asset) in terms of IFRS 9 Financial Instruments.

But - it is this the case?

Join our IFRS expert speaker, Kim Bromfield CA(SA), on Thursday 4 November 2021 where she takes a look at the considerations and principles relating to the accounting for cryptocurrency and other digital assets.

This is a complimentary session!