[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-159755-105":59,"doc-detail-159755-en":131},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":124,"head_meta":126,"extra_data":128,"updated_unix":130},105,"en","reflection-of-the-cryptocurrencies-in-the-financial-statements-pdf","Reflection of the Cryptocurrencies in the Financial Statements - PDF","","The study critically examines how cryptocurrencies should be reflected in financial statements, focusing on obstacles arising from existing international financial reporting standards that are not fully suitable for crypto assets. It first presents the blockchain system, the operating mechanism of cryptocurrency transactions, and a brief history of the phenomenon. Using relevant reporting standards and viewpoints from prominent finance-sector firms, it assesses accounting treatment options. Results indicate attempts to apply current standards are insufficient and problematic, leading to the recommendation for a dedicated, comprehensive, and detailed cryptocurrency financial reporting standard.",{"@graph":69,"@context":123},[70,84,106],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/reflection-of-the-cryptocurrencies-in-the-financial-statements-pdf/159755/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/reflection-of-the-cryptocurrencies-in-the-financial-statements-pdf/159755.png","ImageObject",300,407,{"name":92,"@type":93},"Liam","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-27","2026-08-29",true,{"@type":102,"interactionType":103,"userInteractionCount":105},"InteractionCounter",{"@type":104},"ViewAction",18,{"@type":107,"mainEntity":108},"FAQPage",[109,115,119],{"name":110,"@type":111,"acceptedAnswer":112},"Why are existing international financial reporting standards considered insufficient for cryptocurrencies?","Question",{"text":113,"@type":114},"The study highlights that current standards are not fully eligible for implementation in cryptocurrency contexts, creating challenges for proper recognition and reporting.","Answer",{"name":116,"@type":111,"acceptedAnswer":117},"What foundational topics does the paper cover before addressing financial statement reflection?",{"text":118,"@type":114},"It explains the blockchain system, the working mechanism of cryptocurrency transactions, and provides a short history of the cryptocurrency phenomenon.",{"name":120,"@type":111,"acceptedAnswer":121},"What conclusion does the study reach about applying existing reporting standards to recognize cryptocurrencies?",{"text":122,"@type":114},"It concludes that attempts to implement existing standards for recognition would be deficient and problematic, not simply incomplete.","https://schema.org",{"og:url":83,"og:type":125,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":127,"canonical":83},"index,follow",{"doc_id":129,"site_id":62},159755,1788022469,{"code":4,"msg":5,"data":132},{"doc_id":129,"user_id":133,"nickname":92,"user_avatar":134,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":105,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":140,"language":141,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":142,"faqs":143,"seo_title":144,"seo_description":67,"update_tm":130,"read_time":145,"preview_page_count":4},8796095461564,"https://ap-avatar.wpscdn.com/davatar_155a257f0dc6eb9ab79c44ca47cae57d",".JIMEP.  \nJournal of International Management, Educational and Economics Perspectives  \nGönderiliş Tarihi: 22/03/2021  \nKabul Tarihi: 16/06/2021  \nORCİD : 0000-0002-9299-5169  \nREFLECTION OF THE CRYPTOCURRENCIES IN THE FINANCIAL  \nSTATEMENTS  \nÖmer Faruk BÜYÜKKURT1  \nABSTRACT  \nThis study critically investigates the relevant opinions on how cryptocurrencies should be reflected in the financial statements, together with the challenges that stem from the existing international financial reporting standards that are not fully eligible to be implementedfor cryptocurrencies. But earlier than that, the blockchain system, the working mechanism of cryptocurrency transactions and a short history of the cryptocurrency phenomenon are given. Following them, the issue of the reflection of cryptocurrencies on the financial statements is addressed under the light of relevant reporting standards and the opinions of the prominent firms from the finance sector. It is found that the attempts for the implementation of the existing financial reporting standards for the recognition of cryptocurrencies on the financial statements would be not only deficient but also problematic. Thus, it is suggested that an individual, comprehensive and detailed financial reporting standard must be published specifically for cryptocurrencies.  \nKeywords: Cryptocurrency, Accounting, Financial Reporting Standards  \nJel Codes: M41-M48-M49  \nKRİPTO PARALARIN FİNANSAL TABLOLARDA YANSITILMASI  \nÖZ  \nBu çalışma, kripto para birimleri için uygulanmaya tam olarak elverişli olmayan mevcut uluslararası finansal raporlama standartlarından kaynaklanan zorlukları göz önünde bulundurarak, kripto para birimlerinin finansal tablolara nasılyansıtılması gerektiğine dair ilgili görüşleri eleştirel bir şekilde ele almaktadır. Ancak bundan önce, blok-zincir sistemi, kripto para birimi işlemlerinin çalışma mekanizması ve kripto para olgusunun kısa bir geçmişi anlatılmaktadır. Bunların ardındankripto para birimlerininfinansal tablolara yansıması konusu, ilgili raporlama standartları ve finans sektörünün önde gelen firmalarının görüşleri ışığında değerlendirilmektedir. Finansal tablolarda kripto para birimlerinin yer alması için mevcut finansal raporlama standartlarının uygulanmasına yönelik girişimlerin sadece eksik değil, aynı zamanda sorunlu olacağı sonucuna varılmıştır. Bu nedenle, kriptopara birimlerine özel olarak kapsamlı ve ayrıntılı bir finansal raporlama standardı yayınlanması önerilmektedir.  \nAnahtar Kelimeler: Kriptopara, Muhasebe, Finansal Raporlama Standartları  \nJelKodu: M41-M48-M49  \n1 Dr. Öğr. Üyesi, Erzincan Binali Yıldırım Üniversitesi, İİBF, Bankacılık ve Finans, [faruk.buyukkurt@erzincan.edu.tr](faruk.buyukkurt@erzincan.edu.tr)  \n1. INTRODUCTION:  \nCryptocurrency is a relatively new and emerging phenomenon in the financial markets. Interestingly this new instrument in the market owes its existence to another phenomenon, which is blockchain technology. These two new technologies have been becoming increasingly common in our lives. However, regulations and legislations lag far behind the developments in the cryptocurrency field. Although cryptocurrency has been used, traded and employed as a mean of payment for a decade, the regulations about the usage of this phenomenon have not been able to catch the velocity in the cryptocurrency industry. These situations might not be problematic when the individuals’ transactions with each other are considered. However, the lack of regulations is the hinder to the reflection of cryptocurrency transactions of firms on their financial statements. Over the last decade, there have been noteworthy and heated debates on the media and academic circles as to whether or not cryptocurrencies should be reflected in financial statements. Moreover, even if one of the mainstream opinions supports the recognition of cryptocurrencies in the financial statements, the way of their reflection and the level of the credibility of the accounting treatme","cbCaitgP97b3wQRw","https://ap.wps.com/l/cbCaitgP97b3wQRw","pdf",340357,15,"English","# Abstract\n## Background: blockchain and cryptocurrency overview\n## Accounting reflection in financial statements\n## Challenges with current IFRS-style standards\n## Recommendations for dedicated reporting standards","[{\"question\":\"Why are existing international financial reporting standards considered insufficient for cryptocurrencies?\",\"answer\":\"The study highlights that current standards are not fully eligible for implementation in cryptocurrency contexts, creating challenges for proper recognition and reporting.\"},{\"question\":\"What foundational topics does the paper cover before addressing financial statement reflection?\",\"answer\":\"It explains the blockchain system, the working mechanism of cryptocurrency transactions, and provides a short history of the cryptocurrency phenomenon.\"},{\"question\":\"What conclusion does the study reach about applying existing reporting standards to recognize cryptocurrencies?\",\"answer\":\"It concludes that attempts to implement existing standards for recognition would be deficient and problematic, not simply incomplete.\"}]","Reflection of the Cryptocurrencies in the Financial Statements - PDF | PDF",38]