AN ASSESSMENT OF THE IMPACT OF EMERGENCE AND DEVELOPMENT OF CRYPTOCURRENCIES ON BUSINESS FINANCIAL ACCOUNTING AND ECONOMIC ACTIVITIES

S M Nazmuz Sakib

No 6qk9m, OSF Preprints from Center for Open Science

Abstract: Not all the cryptocurrencies that exist now are actual a number of the human beings are the usage of the concept of cryptocurrency to dedicate the acts of fraud.In an occasion of fraud to a firm, accounting for economic statements is not possible and have an effect on the manner financial sports are carried out.Terrorists` sports purpose is to terrorise human beings and countries.The assist to terrorist impacts numerous human beings.Whenever terrorist contains out their sports the financial sports are affected that is a severe trouble of concern.Most of the cash laundering sports have additionally been directed toward the usage of cryptocurrency and makes use of felony commercial enterprise to cowl up for them, those impacts how the economic statements seem and also can have an effect on the whole commercial enterprise economic accounting if matters do now no longer fall into the proper place.Whenever the cryptocurrency transaction facts`s aren't properly disclosed the difficulty of accounting remedy turns into hard to assess and absence accounting remedy assessment disrupts the economic accounting processes.This influences significantly on how it's far handled in economic accounting and might cause numerous confusions.The trouble of relevancy of the cryptocurrency transaction has been addressed withinside the observe.The unfaithfulness of the customers of cryptocurrency may additionally cause the technology of untrustworthy accounting facts which may also have an effect on the financial sports or the firm`s choice making.The commercial enterprise version is likewise an trouble raised that wishes to be properly understood which will make a really perfect preference for the commercial enterprise with the intention to now no longer have an effect on the accounting facts and choice making.A observe has to have a issue, the issue that turned into visible on this observe is that the research predominant vicinity of studies turned into very particular to commercial enterprise economic accounting and financial sports and this vicinity of studies has now no longer been explored through many researches, therefore the studies centered at the confined facts accrued concerning this vicinity of studies.

Date: 2021-12-30
New Economics Papers: this item is included in nep-acc and nep-pay
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://osf.io/download/63ce5997d1a7b704386419c5/

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:osf:osfxxx:6qk9m

DOI: 10.31219/osf.io/6qk9m

Access Statistics for this paper

More papers in OSF Preprints from Center for Open Science
Bibliographic data for series maintained by OSF ().