Have you ever worked for a company that accepted cryptocurrency as a form of payment?

I'm very familiar with cryptocurrency and it's a very hot topic in the Revenue Recognition area, which impact accounts receivable. Cryptcurrecy is not recognized as revenue on the income statement, when the payment is received. The payment of cryptocurrency is recognized as an intangible asset and the value of the payment at fair market value. These terms were established by the FASB.

Since cryptocurrency is still not mainstream, there is a high likelihood that your response to this question will be 'no.' The point of the interviewer asking this question is to find out if you have taken the time to research and learn about crypto payments.

Briefly discuss what you know about cryptocurrency and be sure to express interest in learning more. An excellent question for the interviewer in return is if the interviewing company currently accepts any form of cryptocurrency. If they do not, perhaps it's in the works!

"I'm very familiar with cryptocurrency, and it's a very hot topic in the Revenue Recognition arena, which impacts accounts receivables. Cryptocurrency may not be currently recognized as revenue on our income statements when the payment is received, but the time is coming. I am eager to learn more about these forms of payment and how they will affect business accounting, overall."