Cryptocurrencies - “Comparison” of Approach by IAS/IFRS and Czech Accounting Legislative
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F49777513%3A23510%2F22%3A43966936" target="_blank" >RIV/49777513:23510/22:43966936 - isvavai.cz</a>
Result on the web
<a href="https://uni.uhk.cz/hed/previous-conferences/edition-archive/" target="_blank" >https://uni.uhk.cz/hed/previous-conferences/edition-archive/</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.36689/uhk/hed/2022-01-000" target="_blank" >10.36689/uhk/hed/2022-01-000</a>
Alternative languages
Result language
angličtina
Original language name
Cryptocurrencies - “Comparison” of Approach by IAS/IFRS and Czech Accounting Legislative
Original language description
Even if the main focus is currently on the situation surrounding the “Covid-19 pandemic” it seems that cryptocurrencies as the issue are still discussed quite often. This article describes the problems solved taking into account the necessity to record information about business activities associated with cryptocurrencies transfers done by the accounting units with respect to legislative rules covering this issue in the Czech Republic, and in the EU (by IAS/IFRS). Objective of the contribution is to define the means of evaluation, keeping accounting records and classification of cryptocurrencies in the regulatory environment of the Czech Republic, IAS/IFRS and further, based on their comparison, to identify the most significant variations and influence of these variations on reporting the financial situation and performance of enterprises. The authors work with the historically given definitions associated with cryptocurrencies, information about the development of cryptocurrencies and approaches to their use. The contribution identified, using the analyses of data provided by international institutions (IFRS Foundation, Deloitte) and Czech national authorities (Ministry of Finance of the Czech Republic, Czech National Bank), that differences in the reporting of cryptocurrencies significantly affect the ratio of long-term and current assets and the amount of operating or investment cash flow.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50205 - Accounting
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2022
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Hradec Economic Days Vol. 12(1) proceedings of the international scientific conference Hradec Economic Days 2022
ISBN
978-80-7435-855-5
ISSN
2464-6059
e-ISSN
2464-6067
Number of pages
10
Pages from-to
158-167
Publisher name
University of Hradec Králové
Place of publication
Hradec Králové
Event location
Hradec Králové
Event date
Jun 9, 2022
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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