Accounting for crypto assets: A new challenge for preparers and investors In the Egyptian stock market
Keywords:Accounting for crypto assets, Preparers, Investors, Egyptian Stock Market
Research objective: This research aims to examine the impact of accounting for crypto assets on accounting information and investors decisions. For this reason, the current research was addressed by presenting previous literature that dealt with accounting for encrypted assets to develop hypotheses and test them statistically.
Significance of research: due to regulators', investors', and entrepreneurs' rising awareness on crypto assets. From the perspective of accounting and financial reporting, there are a few classification and measurement issues that draw the attention of practitioners and academics and require their proactive collaborative efforts in order to overcome the significant challenges brought on by the absence of standards or other types of accounting regulations for crypto assets.
Research methodology: The research methodology relies on an applied study of a sample of companies listed on the Egyptian Stock Exchange in the time period of 2020 to 2022 and acknowledged crypto assets in its disclosures.
Conclusions & Recommendations: Increasing the level of accounting for crypto assets as cash, cash equivalents, inventory, financial instruments, and intangible assets leads to an increase in the quality of accounting information and investors decisions. The researcher also recommends conducting research on the impact of the diversity of accounting treatments for digital assets on the quality of accounting profits.