ACCOUNTING ASSESSMENT OF DIGITAL FINANCIAL ASSETS OF A COMMERCIAL BANK

This study examines the assessment of digital assets of a commercial bank, the history of its improvement, the current market situation, and possible future scenarios for the existence of digital assets in a few years. The advantages and disadvantages of this type of assets on the organization’s balance sheet are separately indicated. In the field of evaluating digital financial assets of a commercial bank, the legislative acts that form the solution to this issue have been clarified, as well as the main amendments made by the Bank of Russia to introduce a separate line of the balance sheet and subaccounts. The correspondence of accounts in transactions with this type of asset, the formation of expenses and income are explained. A comparison was made with previous methods of evaluating digital financial assets. Before the amendments were introduced, the assessment was carried out with the allocation of the specified asset to the inventory/cash/intangible assets/ financial investments line. The pros and cons are indicated, asset attributes are considered, differences and disadvantages of approaches are identified, as well as the main changes. Then the advantages of using banks and spending government resources on the development of digital assets and their necessity for commercial banks are considered. The issue of determining the price of a financial asset in accordance with several approaches in accordance with Russian and international reporting standards is being discussed. Next, the discrepancy with the assessment of digital financial assets for tax purposes that arises on the basis of these approaches is determined, and possible methods of solving the problem are considered.