S. (Suren) Vardanyan, N. Chernovanova, E. Yagupova, Sergey Nistratov
The article examines the potential of using blockchain technologies to increase the transparency of business processes and ensure the reliability of accounting information at agricultural enterprises of the Volgograd region. Main problems of accounting and analytical support for regional producers are identified. A conceptual model for integrating distributed ledgers into the internal control and accounting system of agricultural enterprises is proposed. Practical recommendations have been developed for adapting blockchain technologies to the specifics of agricultural production in the Volgograd region, taking into account regional industry characteristics.
Advanced Signal Processing Techniques
Agricultural and Financial Auditing
Digitalization and Economic Development in Agriculture
The system of financial law, as one of its major sections, includes decentralized funds (legal regulation of financial relations associated with the formation, distribution and use of funds of a decentralized nature). In today's socioeconomic development, the number of such funds is increasing, and, accordingly, the quality of the Russian Federation's financial system is changing. Undoubtedly, as a consequence of these processes, the financial legal system and its individual institutions are being transformed. Compensation (guarantee) funds represent a special type of decentralized finance, the name of which makes their auxiliary nature clear. The paper presents a summary of the characteristics and comparative analysis of the following funds: the fund for financing the activities of the financial ombudsman, the compensation fund of the Federal Notary Chamber, and the compensation fund for reimbursement of the value of property recorded in individual investment accounts.
Todd White, Ryan D. Leece, Thomas G. Calderon, Chris Solano
Cryptocurrency represents the emergence of a new asset class in accounting. This case helps students to think through the challenges associated with accounting for this unique asset by having them play the role of an assistant controller who is tasked with assigning the correct valuation for a recently purchased cryptocurrency asset. By applying the guidelines of the new cryptocurrency standard, Accounting Standards Update No. 2023-08, to the case scenario, students deepen their understanding of fair value accounting, which is often a challenging topic for students to master. Through case analysis, students enhance their knowledge of the accounting regulations pertaining to cryptocurrency, gain the ability to articulate what makes this asset class unique, and come to understand some of the potential ethical issues that could arise when approaching cryptocurrency valuation. Data gathered from pre- and post-tests demonstrate that the case was useful in improving students’ understanding of fair value accounting and how to apply accounting standards in the valuation of cryptocurrency. Furthermore, survey data show students found the case to be a valuable learning tool that increased their awareness of the challenges associated with valuing this distinct asset class.
Accounting Education and Careers
Agricultural and Financial Auditing
Innovations and Analysis in Business and Education
В статье рассматриваются ключевые аспекты экономического анализа встроенного надзора (embedded supervision) в экосистеме децентрализованных финансов (DeFi). Автор исследует экономические стимулы для участников рынка, а также анализируют влияние автоматизированных механизмов контроля на прозрачность, устойчивость и предотвращение финансовых рисков. Особое внимание уделяется сопоставлению традиционных методов надзора с инновационными инструментами, реализуемыми через смарт-контракты и децентрализованные протоколы. В статье выделяются основные преимущества и потенциальные вызовы внедрения встроенного надзора, в том числе вопросы соблюдения нормативных требований и защиты прав инвесторов. Результаты анализа позволяют сформулировать рекомендации для регулирующих органов и участников рынка по эффективному использованию встроенного надзора, способствующего развитию безопасной и устойчивой среды децентрализованных финансов. The article discusses the key aspects of the economic analysis of embedded supervision in the ecosystem of decentralized finance (DeFi). The author examines the economic incentives for market participants, as well as analyzes the impact of automated control mechanisms on transparency, sustainability and prevention of financial risks. Particular attention is paid to comparing traditional surveillance methods with innovative tools implemented through smart contracts and decentralized protocols. The article highlights the main advantages and potential challenges of implementing embedded supervision, including issues of compliance with regulatory requirements and protection of investors' rights. The results of the analysis make it possible to formulate recommendations for regulators and market participants on the effective use of embedded supervision, contributing to the development of a secure and sustainable environment for decentralized finance.
Strengthening the economy through transformation in the tax system and decreasing the role of auditors and auditor-centric approaches should be among the priorities of the Iranian National Tax Administration.Given the country's urgent need to increase revenue sources to compensate for budget deficits, improving the tax collection system becomes even more crucial.According to clause (b) of article (1) of the "Law on Sales Terminals and Taxpayer Systems," blockchain technology can also be considered a type of sales terminal.One of the key features of blockchain is the enhancement of security, transparency, and efficiency.This study aimed to consider reality as closely as possible.For data collection, a library research method has been employed.It appears that a private consortium blockchain is a suitable option for the tax system.Based on the conducted reviews, there is still no definitive consensus mechanism for a tax system.Therefore, the proposed approach in this study is the use of a hybrid consensus mechanism, combining proof-of-authority and delegated proof-of-stake, which would be ideal for a blockchain-based tax system.One of the main features of this model is the use of multi-layered validation.A blockchain-based tax system designed to record all transactions and events related to invoice-based taxes should fundamentally be established on a multi-party smart contract between the buyer, seller, tax authorities of the origin and destination, the buyer's bank, and the seller's bank.To ensure the successful implementation of blockchain, several key considerations must be taken into account.
The authors analyze the place of cryptocurrency in the system of objects of civil rights, as well as legal problems of inclusion of cryptocurrency in the debtor's bankruptcy estate during insolvency (bankruptcy) proceedings. The article provides recommendations on the detection of cryptocurrency by the bankruptcy trustee, substantiates the need to include cryptocurrency in the bankruptcy estate, examines the problems of storage and realization of cryptocurrency by the bankruptcy trustee.
The study focuses on the degree of correlation between the MACD histogram and the closing price of bitcoin on a weekly timeframe, which is an important factor in the formation of traders' forecasts within the framework of technical analysis. The main objectives of the study were to find out whether the minimum price of bitcoin increased or decreased compared to the previous week with similar changes in the MACD, as well as to determine the average and maximum series for the weekly closing price. The study found that in 54.45% of cases, a trader can expect the closing price of bitcoin to increase this week if the MACD histogram showed an increase in the previous week; or to decrease this week if the MACD histogram showed a decrease in the previous week. A trader can expect the closing price of bitcoin to continue its direction of movement in the second week 48.02% of the time. A trader can expect the closing price movement in one direction to end after the 4th week 95.48% of the time.
Every year, the cryptocurrency is more active in the global financial market, offering users more convenient and cheaper terms of payment. In addition, it allows you to receive financial income, makes it more and more competitive in the electronic money market. Over the past decade, it is cryptocurrency that has provided the largest 463 increase in the value of assets and the number of services for the population and business. Accordingly, both accounting and auditing are obliged to meet the challenges of the modern economy. The use of cryptocurrency primarily influences the choice of audit procedures. Since, along with traditional audit procedures, it is important to apply new methods to reduce the risks of inaccurate currency valuation and identify possible fraud. The procedures, along with the validation of reporting figures, should ensure that the business is held accountable to the public for the veracity of transactions. While this is more like cybersecurity, its assessment should also be a major part of the expert audit process. Our study summarized the theory and practice of auditing cryptocurrencytransactions, analyzed the main procedures and proposed our own audit sequence in accordance with the International Standards for Quality Control, Auditing, Reviews, and other assignments. Auditors do not assess the state of cybersecurity, however, they use information, the veracity of which is associated with the risks of unauthorized access to IT systems and data. Therefore, for a cryptocurrency, the state and assessment of the IT system of an enterprise has a direct impact on the indicators of financial statements.
The purpose of the development is to analyze the reasons that classify Ripple as one of the most attractive currencies for economic entities, systematizing its advantages.
This study focuses on the analysis and identification of specific functions and advantages of a new phenomenon in the Russian market of educational services the regional supporting university It is proved that the latter is the result of evolutionary actions on consolidating the existing regional organizations provided by the relevant program federal documents The authors recognize the adaptive system of corporate financial management as an objective basis for the effective functioning of the regional supporting university It is established that such a system should be able to carry out the integrated planning accounting analysis management and monitoring of the financial status of the university in order to maximize its profitability and achieve an acceptable level of risk and liquidity Realizing the function of regional multifaceted innovative development the supporting university claims the concentration of substantial budgetary sources On the other hand based on the example of a specific subject implementing a new model of organization the authors note the importance of the reproduction of decentralized equity finances and the attraction of the resources of foundations and development institutions of the federal level on a competitive basis The authors do not exclude the supplementation of the financing sources of the supporting university by the resources of credit infrastructure private investors as well as regional and local budgets