IDEAS home Printed from https://ideas.repec.org/a/jfr/afr111/v8y2019i4p19.html
   My bibliography  Save this article

Cryptocurrencies for the Payment of Products or Services: Risks, Accounting Practices and Regulations

Author

Listed:
  • David Allen
  • James Aselta
  • Russell Engel

Abstract

This paper examines the risks, accounting practices and disclosures of companies who accept cryptocurrency for the payment of products or services. We provide a brief history of cryptocurrency and blockchain technology that allows the reader to deepen their understanding of the subject before moving on to a discussion of how regulatory bodies such as the Financial Accounting Standards Board (FASB), the Securities and Exchange Commission (SEC) and the Internal Revenue Service (IRS) are treating the accounting for cryptocurrency transactions.Â

Suggested Citation

  • David Allen & James Aselta & Russell Engel, 2019. "Cryptocurrencies for the Payment of Products or Services: Risks, Accounting Practices and Regulations," Accounting and Finance Research, Sciedu Press, vol. 8(4), pages 1-19, November.
    • Handle: RePEc:jfr:afr111:v:8:y:2019:i:4:p:19
    as

    Download full text from publisher

    File URL: https://www.sciedupress.com/journal/index.php/afr/article/download/16088/10101
    Download Restriction: no
    File URL: https://www.sciedupress.com/journal/index.php/afr/article/view/16088
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jfr:afr111:v:8:y:2019:i:4:p:19. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sciedu Press (email available below). General contact details of provider: https://edirc.repec.org/data/cepflch.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.