NFT – ACCT research – Methology

How/where to study this issue. (Methodology) 

1. Where to gather information (ie-data generation). 

2. Analyses to be used to study data (How to study data).  
3. Report results of the Analyses (Meaning of results)
Outline : 

Using active markets to see the sales and bids for Ntfs. 

(CryptoKitties, Tacobell, NBA. etc.) 

2- Surveys and interviews with different NFT creators, supporters and accountants.

(Try to reach by Linkedin, Email, CPA week- Crypto and you)

3- Use the IFRS guidelines to find an appropriate accounting treatment.

EX: https://www.cpacanada.ca/en/business-and-accounting-resources/other-general-business-topics/information-management-and-technology/publications/cpa-perspectives-on-blockchain


4- Use the CRA guidelines for tax implications of NFTs. 

EX: https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/compliance/digital-currency/cryptocurrency-guide.htm


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