Accounting identification of money at business entities in the conditions of digitalization

Olha Fartushnіak, Julia Chasovnikova


Introduction. The development of global payment systems leads to the emergence of alternative technologies that replace real money. In recent years, digital technologies, electronic money, cryptocurrencies, etc. have become popular. Increasingly, scientific circles are discussing the issue of giving up money and switching to the newest digital currencies. Ukraine is currently one of the leading countries in the regulation of virtual assets. This prompts the formation of a new modern approach in the direction of systematization and identification of money in entities of different forms of ownership of the accounting approach.

The purpose of the study is the substantiation of the accounting concept of money through the solution of characteristic features of old and new forms of money. In particular, a study of the interpretation of the essence of money and its components was conducted; the differences between electronic and digital money are highlighted; the system of accounting accounts of the constituent funds is given.

Research methods. To achieve the research result, the methods of systematization and generalization, induction and deduction were applied. Through the system of analysis and synthesis, the work gradually revealed the evolution of the essence and the appearance of the newest forms of money to provide recommendations in the accounting system.

The results. Based on the results of the research, it can be concluded that the issue of accounting for innovative new forms of money is not sufficiently regulated and resolved. Questions regarding the accounting system of electronic and digital money, cryptocurrency transactions and their information support remain undeveloped. The paper defines the specific features between electronic and digital money and virtual currencies. Consistency of the components of cash in accounting and the Balance Sheet has been established. The given approaches to the concept of money will contribute to the systematization and understanding of the terminological apparatus of money, the formation of classification features and their correct reflection in the accounting of commercial enterprises.


cash; electronic money; digital money; digital currency; cryptocurrency; accounting; payment system

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Science Works Journal "Ekonomichnyy analiz"

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