Academy of Accounting and Financial Studies Journal (Print ISSN: 1096-3685; Online ISSN: 1528-2635)


Accounting of Transactions In Electronic Money: International Trends

Author(s): Viera Bartosova, Vladislav V. Pshenichnikov, Ganna Ievtushenko, Laura Petrova, Petro Ovchar

The globalization conditions for the emergence and development of electronic money in a defined subject plane and related to these tendencies and challenges for analysis and audit are revealed. The analysis of globalization changes suggests the need to improve accounting approaches for new money transactions, modern methods of appraisal of work, in particular banks with them, as well as attention to the development of the activity of auditors, who should evaluate and verify the work with modern payment instruments and tools. It is substantiated that proper economic analysis and qualitative audit of transactions in electronic money can not be carried out without proper information provision of cash flow on the basis of the appropriate procedure of accounting of transactions. To this end, an order has been developed that solves the issue of providing information security analysis and audit of electronic money.

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