FEATURES OF DISCLOSURE OF ELECTRONIC MONEY IN ACCOUNTING AT TRADE ENTERPRISES
Journal Title: Проблеми системного підходу в економіці - Year 2017, Vol 5, Issue 61
Abstract
In the practice of economic calculations not only non-cash transactions are becoming more popular, but also such a form of payment methods as electronic money. The article determines that the main constituent concepts of the “electronic money” concept are the following: electronic money is a measure of cost and means of payment; electronic money is stored on an electronic device and is not accessible to direct physical perception; electronic money is a requirement to an issuer that corresponds to the issuer’s obligation to repay electronic money, that is to exchange them for ordinary cash or cashless funds at the request of the exhibitor. Also, the authors state that electronic money should not be identified with non-cash money, since electronic money, as a non-personalized payment product, may have a separate circulation, which is different from bank circulation of money, however, they can also be rotated in bank payment systems. The article presents examples of financial accounting of electronic money transactions after shipment and before shipment of goods by the seller. It also indicates the need to use a separate sub-account 335 “Electronic money denominated in national currency” and existing restrictions on its use. The authors state that there are restrictions on the use of electronic money by enterprises in Ukraine. Since banks offer clients, legal entities to issue payment cards, but such cards are not accounted separately – the accounting only shows the availability of funds on the account. The essential difference is the use of “WebMoney Transfer” – a system of instant online payments. In the “WebMoney” system the enterprise receives a personal account, which may contain an unlimited number of wallets – special accounts, on which the accounting of the user’s funds (titular symbols) is carried out in any currency. From the foregoing, one can conclude that further study of both theoretical and practical aspects of the problem of the reflection in accounting of operations with transactions of electronic money is required, at the level of state methodological councils, which should clearly regulate the use of such payment instruments as electronic money.
Authors and Affiliations
O. O. Avhustova, О. U. Zakrevska
Keywords
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