Normative and legal regulation of accounting transactions with electronic money: experience of Ukraine and Poland

Abstract

Globalization processes in the economy and the intensification of international payments require the active implementation of modern information and computer as well as telecommunication technologies by all economic agents, particularly in the sphere of money circulation. In this context, the issues concerning the usage of electronic money as means of payment become relevant, because their functioning requires not only appropriate technical and information support, but also proper institutional background. It will allow to ensure the correct reflection of Electronic money as objects of accounting, it will allow to form an adequate control system of corresponding electronic payments and generally facilitate the deshadowing of payment transactions. In this regard, within the present study authors have assessed the state of normative and legal support of regulation of accounting transactions for electronic money in Ukraine as well as in Poland as one of the closest strategic partners of Ukraine, whose experience can be used as a guide for our country in the reform of the national economy on the way to membership in EU. In addition, the prospects of implementation of positive experience of Poland in national practice have been determined.

Keywords

• electronic money
• accounting
• normative regulation