ACCOUNTING FOR DIGITAL ASSETS AND CRYPTOCURRENCIES IN FIDUCIARY ACCOUNTING
Abstract: The rise of digital assets and cryptocurrencies poses new challenges and opportunities for fiduciary accounting. This study aims to (1) explore the implications of digital assets on fiduciary accounting practices, (2) assess the regulatory frameworks governing cryptocurrencies, and (3) develop best practices for fiduciary accountants handling digital assets. A survey research design was selected to gather diverse opinions from fiduciary accountants on the impact of digital assets. The sample size, calculated using Taro Yamane’s formula, consists of 200 fiduciary accountants, ensuring a 95% confidence level and a 5% margin of error. The case study focuses on a leading tech company in Uyo, which has integrated cryptocurrencies into its financial operations. The reliability coefficient score for the survey was 0.89, indicating high reliability. Findings reveal that digital assets require fiduciary accountants to develop new competencies in valuation, regulation, and risk management. Recommendations include establishing comprehensive guidelines for digital asset accounting and enhancing training programs to equip fiduciary accountants with the necessary skills.
ABSTRACT
This study which was on strategies considered effective by business teachers in south-south, Nigeria for teaching new business s...
ABSTRACT
Most developing countries like Nigeria have a&n...
ABSTRACT
The study was carried out to assess employment requirements in the banking sector and its impact on unemploymen...
BACKGROUND TO THE STUDY
Collective bargaining allows both workers and managers to discuss specifi...
ABSTRACT
Antimicrobial agents of plant origin have enormous therapeutic potentials. Honey, which is a product of plant, is a sugary subst...
Abstract: The topic of this research is the impact of adult education on community development. This study aimed to explore how adult educatio...
Abstract: THE ROLE OF JOB FAIRS IN RECRUITMENT
This study aims to explore the role of job fairs in recruitment, focusing on their impact...
Abstract
Type 2 Diabetes is one of the most common physiological disorders worldwide. Kidney's role in and associated problems linked...
Abstract: This research explores the impact of early childhood education (ECE) in fost...
ABSTRACT
This had been an attempt to investigate the attitude of mother-in-law towards daughter-in-law as a determinant...