Accounting for the “new world economy” – does it even fit within IFRS?

We’ve already looked in the past at one accounting issue relating to cryptocurrencies, as addressed by CPA Canada’s IFRS Discussion Group. Here’s the background to another one: A blockchain is a distributed digital ledger that is used to record transactions over a network of participating computers. The ledger tracks the creation and transfer of cryptocurrencies…

Digital currency – overdue for standard-setting action?

It’s almost a year already since I wrote about digital currency, mainly inspired by the publication Digital currency – A case for standard setting activity. A perspective by the Australian Accounting Standards Board (AASB). I thought I’d return to the topic, simply because it seems to keep coming up. But there’s a practical problem –…

John Hughes IFRS Blog

Shaking the bones of IFRS

Digital currencies

Accounting for the “new world economy” – does it even fit within IFRS?

Digital currency – overdue for standard-setting action?