A Proposed Dynamic Integrated Accounting Framework (DIDAR) for Digital Asset Recognition, Measurement, and Disclosure in the Metaverse: An Empirical Study
Professor of Accounting and Auditing, Faculty of Commerce and Business Administration - Helwan University
10.21608/aljalexu.2025.431947
Abstract
The digital world is experiencing a profound shift in asset conceptualization, especially with the rise of the metaverse as an interactive economic space characterized by symbolically and functionally rich digital assets. Despite recent updates — such as FASB (ASU 2023-08) and IFRS (ED 2024) — current accounting standards remain insufficient to address the cyber-interactive nature of these assets, resulting in a standards gap between digital reality and financial reporting practices.
This study proposes a test-based accounting framework named “DIDAR” (Dynamic Integrated Digital Asset Reporting), which restructures accounting practices for digital assets through three foundational pillars: interactive cyber recognition, multi-dimensional dynamic measurement via the DIFV equation, and multi-layered explanatory disclosure based on symbolic, functional, and behavioral dimensions.
The research adopted a dual-methodology combining content analysis of actual financial statements from 20 global digital firms and a field survey involving 120 professionals (accountants, auditors, and financial managers) from Egyptian companies engaged in digital operations. Statistical analysis tools such as EFA, CFA, and T-Test were used to test the hypotheses and validate the model.
The results demonstrate that the DIDAR model provides a transformative approach to accounting for digital assets, significantly enhancing the quality of financial information in terms of relevance, faithful representation, reliability, understandability, and transparency. Moreover, the framework is practically applicable using behavioral analytics, blockchain systems, and smart tracking platforms.
Ismail, A. J. K. (2025). A Proposed Dynamic Integrated Accounting Framework (DIDAR) for Digital Asset Recognition, Measurement, and Disclosure in the Metaverse: An Empirical Study. Alexandria Journal of Accounting Research, 9(2), 403-493. doi: 10.21608/aljalexu.2025.431947
MLA
Ahmed Joma karni Ismail. "A Proposed Dynamic Integrated Accounting Framework (DIDAR) for Digital Asset Recognition, Measurement, and Disclosure in the Metaverse: An Empirical Study", Alexandria Journal of Accounting Research, 9, 2, 2025, 403-493. doi: 10.21608/aljalexu.2025.431947
HARVARD
Ismail, A. J. K. (2025). 'A Proposed Dynamic Integrated Accounting Framework (DIDAR) for Digital Asset Recognition, Measurement, and Disclosure in the Metaverse: An Empirical Study', Alexandria Journal of Accounting Research, 9(2), pp. 403-493. doi: 10.21608/aljalexu.2025.431947
VANCOUVER
Ismail, A. J. K. A Proposed Dynamic Integrated Accounting Framework (DIDAR) for Digital Asset Recognition, Measurement, and Disclosure in the Metaverse: An Empirical Study. Alexandria Journal of Accounting Research, 2025; 9(2): 403-493. doi: 10.21608/aljalexu.2025.431947
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