 The case of Bitcoins: Examining the financial accounting and reporting issues surrounding cryptocurrenciesDuane Brandon, Travis Holt, Jefferson Jones, James H. Long and Jonathan Stanley Journal of Accounting Education, 2024, vol. 67, issue C Abstract: After years of debate, the FASB recently formalized the authoritative financial reporting guidance for cryptocurrencies such as Bitcoin. This case requires you to determine the appropriate financial accounting treatment and assess the reporting implications for Bitcoin using FASB’s authoritative guidance. The modular nature of the case allows students to address these requirements for three different clients: a Bitcoin miner, a Bitcoin trader, and a retailer that accepts Bitcoin as payment. As students complete the case, they are required to think critically about how the new guidance affects each client. Several features of the case allow instructors to adjust the level of difficulty so that they can create case assignments that are appropriate for both undergraduate and graduate accounting classes. Students who completed the case report that they found it to be realistic, interesting, and challenging. Keywords: Bitcoin; Cryptocurrencies; Financial accounting; Financial accounting research; Revenue recognition (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:joaced:v:67:y:2024:i:c:s0748575124000186 DOI: 10.1016/j.jaccedu.2024.100902 Access Statistics for this article Journal of Accounting Education is currently edited by Natalie Tatiana Churyk More articles in Journal of Accounting Education from Elsevier |
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