현행 암호화폐 회계처리의 한계 및 개선방안 : 국내외 기업 사례연구를 중심으로

This study reviews the limitations and problems of current cryptocurrency accounting through analyses of financial statements of various companies. Although many companies are interested in cryptocurrency these days, the amendments of accounting standards that can reflect the true nature of cryptocurrency have not been adopted yet. Rather, the IFRS Interpretations Committee interpreted cryptocurrency to be classified as inventory or intangible assets. However, this is inconsistent with the accounting policies that existing companies had developed based on their own judgments. According to prior studies, cryptocurrency is similar to inventory - more specifically commodities, when acquired for purpose of sales. On the other hand, when the purpose of acquisition is investment it is more comparable to financial assets at Fair Value Through the statement of Profit or Loss(FVTPL). In this regard, the following case study identifies possible limitations and problems of implementing current cryptocurrency accounting standards, based on the analyses of financial statements of various companies; Microstrategy, SPDR Gold Trust, Bunge, HanbitSoft, and Dunamu. Furthermore, this study introduces the concept of ‘Investment Capital Assets’ and suggests revising the accounting standard IAS 38 (Intangible Assets). The study also presents current considerations for auditing companies that hold cryptocurrencies.