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Bitcoin | Cryptocurrency International Financial Reporting Standards | Explained in 5 MINUTES

May 8, 2021
Reading Time: 1 min read
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Bitcoin | Cryptocurrency International Financial Reporting Standards | Explained in 5 MINUTES
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Cryptocurrency International Financial Reporting Standards

In this video, we will discuss the June 2019 IFRIC document covering the current decisions on what IFRS Standards cover bitcoin and other cryptocurrencies.

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Timestamps:
00:00 Introduction
00:25 The IFRS Interpretations Committee document of June 2019
00:55 Which crypto assets are covered?
01:30 The conclusions
01:53 IAS 2 applications on cryptocurrencies
03:25 IAS 38 applications on cryptocurrencies
04:26 Why cryptocurrencies are not financial assets
04:57 Final thoughts
05:17 Outro

————————————————————————————————
We will release Accounting Lectures every week starting off with the ACCOUNTING Process and then gradually advancing to more advanced Financial Reporting topics.

So It’s like a course, except that this is FREE!

Consider subscribing if you want:

Consider subscribing if:

► You have ZERO experience but you want to pursue Accounting Jobs;
► You want to be a HERO on your Accountancy Journey;
► You want to level up your career as an Accountant;
► You want to supplement your learning of the Accounting Concepts for your
ACCA, CPA, and other accounting exams;
► You need Technical Discussions and Exercises
► You are curious about Other Practical Application of the accounting standards discussed by an experienced professional

If you have any questions or want to request a lesson…
just leave a comment and We will answer them as best as possible!

Thanks so much!

AccountingZeroToHero

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