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Journals / Uluslararası Yönetim Eğitim ve Ekonomik Perspektifler Dergisi / 2026 / Cilt: 9 Sayı: 1

Reflection of The Cryptocurrencies in The Financial Statements

Ömer Faruk Büyükkurt(ERZİNCAN BİNALİ YILDIRIM ÜNİVERSİTESİ)0000-0002-9299-5169
Pages
49–63
Publication Date
2021-06-16
DOI
—
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

Thus, it is suggested that an individual, comprehensive and detailed financial reporting standard must be published specifically for cryptocurrencies.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:This 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 implemented for cryptocurrencies.
📊
Key Findings & Data:But before that, the blockchain system, the working mechanism of cryptocurrency transactions and a short history of the cryptocurrency phenomenon are given.
💡
Conclusion & Impact:Thus, it is suggested that an individual, comprehensive and detailed financial reporting standard must be published specifically for cryptocurrencies.
🔬Design:Araştırma Makalesi
📍Scope:Comprehensive Sample
⚙️Variables:Cryptocurrencies · Financial Reporting · Accounting Standards

Abstract

This 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 implemented for cryptocurrencies. But before 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.

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Cite This Article

Büyükkurt, Ö. F. (2021). Reflection of The Cryptocurrencies in The Financial Statements. Uluslararası Yönetim Eğitim ve Ekonomik Perspektifler Dergisi, Cilt: 9 Sayı: 1, 49–63. https://ajindex.com/articles/1573244

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