Regnskabsmæssig behandling af Kryptovaluta

Abstract

This examination deals with the problems and solutions concerning the accounting issues in connection with the recognition and measurement of cryptocurrency in companies financial reporting. The aim of this study is to find out which recognition and measurement method that creates the most accurate picture for a user of the financial reporting. The background for this examination is the evolution that have come toward new kinds of assets that companies buys. Because of this evolution in assets, it is relevant to examine how those kinds of new assets fit into the financial reporting for companies. This thesis will examine which form of recognition and measurement that gives the most accurate picture of the annual report. This is done by comparing different forms of recognition and measurement methods and analyzing the advantages and disadvantages of the different methods. The method that is used is a comparative case-studio, to have the opportunity to compare different kind of recognition and measurement of cryptocurrency. This examination is delimited with any kind of issues regarding tax of cryptocurrency. Tax matters will be mentioned, but these matters are not decisive for the conclusion of the examination. The result of the examination shows that the main differences concern the measurement method. If cryptocurrency is measured at fair value, large differences are seen in the annual report, due to large fluctuations in the value of cryptocurrency, which can give a non-reliable picture of the annual report, because the comparability between different years or different companies is very low. If cryptocurrency is measured at cost price the comparability is better, but it is not possible to see the actual value of the asset. Because of that, this examination has a solution to this problem. The solution is to have a note requirement, that shows the fair value of the cryptocurrency, at the same time as using the accounting and measurement methods that the law allows today.