Cryptocurrencies epitomize the zeitgeist and have attained burgeoning significance in contemporary times for manifold reasons. Primarily, their status as both a transactional medium and an investment vehicle has ascended, garnering progressive adoption by corporate entities and individuals alike. Furthermore, the inherent volatility in the cryptocurrency market fosters substantial profit prospects, ensnaring a sizable cohort of investors. Nevertheless, the meticulous accounting of cryptocurrencies poses a quandary for numerous holding enterprises. The determination of their classification on the balance sheet – whether as financial assets, intangibles, inventory, cash, or another designation – represents a nuanced conundrum. Moreover, the assessment of these assets proves arduous owing to their mercurial nature, eliciting inquiries regarding the determination of a fitting and authentic valuation. This dissertation serves as an endeavor to glean a profound comprehension of cryptocurrency accounting, deemed imperative given their burgeoning significance in the contemporary financial milieu and the exigencies they impose concerning accounting and regulatory frameworks. The dearth of lucidity in these domains could precipitate consequential financial and legal vicissitudes for the entities implicated.
Date of Award | 12 Jul 2024 |
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Original language | Portuguese |
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Awarding Institution | - Universidade Católica Portuguesa
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Supervisor | Luísa Anacoreta (Supervisor) |
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- Cryptocurrencies
- Accounting standards
- IFRS
- US GAAP
- Mestrado em Auditoria e Fiscalidade
Reconhecimento e apresentação de criptomoedas
Rodrigues, B. N. (Student). 12 Jul 2024
Student thesis: Master's Thesis