| Issue |
SHS Web Conf.
Volume 107, 2021
9th International Conference on Monitoring, Modeling & Management of Emergent Economy (M3E2 2021)
|
|
|---|---|---|
| Article Number | 02001 | |
| Number of page(s) | 7 | |
| Section | Economic Security | |
| DOI | https://doi.org/10.1051/shsconf/202110702001 | |
| Published online | 24 May 2021 | |
Application of blockchain technology in accounting and audit: international and domestic experience
Financial analysis and audit department, Kyiv National University of Trade and Economics, 19 Kyoto Str., Kyiv, 02156, Ukraine
* e-mail: marijka@ukr.net
** e-mail: olga.zaremba@midland-development.com.ua
*** e-mail: vikla1977@ukr.net
The article is devoted to the study of blockchain technology in the financial sphere of Ukraine, as well as accounting and audit of their application in domestic and international practice. The article contains data on the prospects of blockchain development in the world and in Ukraine, as well as information on the peculiarities of the use of such technologies in the perspective areas – accounting and audit. The article argues that the development of blockchain technology will enable the transition to more modern methods and techniques, which in turn will allow to modernize the accounting and auditing system. The principle of triple entry as a major component of blockchain technology in accounting is emphasized. One of the most promising areas of application of blockchain is accounting for accounts payable and receivable, tax accrual and payment, record keeping and documentation. The article highlights the advantages and disadvantages of using blockchain technology in the financial sphere of Ukraine.
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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