Accounting Issues Related to Bitcoins

Abstract

Despite the frequent mention of Bitcoin in recent years in the press and business publications, many people are still uncertain what this cryptocurrency is or how it works. And although bitcoins (BTCs) are now an accepted medium of exchange for some businesses and not‐for‐profit organizations, no specific accounting guidance has been issued for these transactions. This article provides some basic information about BTCs and addresses six specific financial accounting issues: asset classification, mining activity, investment holdings, exchanges, merger and acquisition (M&A) transactions, and disclosure.

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 73 citations exist upstream.