The influence of digital currency on accounting and Finance

If it is legal tender, then it has no effect. For example, the non legal tender issued by the central bank is regarded as a financial asset. It has little impact on the tax system

it has a subversive potential impact on accounting practice. Those who try to cheat on tax should be careful. In theory, you can analyze those evasive behaviors that you have done at almost zero cost

if digital currency is widely accepted and can play the role of currency, it will weaken the effectiveness of monetary policy and bring difficulties to policy-making. Because digital currency issuers are usually unregulated third parties, money is created outside the banking system, and the amount of circulation depends entirely on the wishes of the issuers. As a result, the money supply is unstable. In addition, the authorities are unable to monitor the issuance and circulation of digital currency, which leads to the inability to accurately judge the economic operation and brings trouble to policy-making, At the same time, it will weaken the effectiveness of policy transmission and implementation

extended data

various bill market businesses based on commercial bills are growing rapidly, and bill financing procts have become a hot field of Internet financing. However, about 70% of the current domestic bill business is still paper transactions, and supply chain finance also relies heavily on labor costs

in the future, if we realize the digital monetization of bills and adopt the blockchain transaction, we will make the bills, funds, financial planning and other related information more transparent. With the help of intelligent contract, we can generate an unforgeable, open and unique electronic contract between the borrower and the borrower, and directly realize the point-to-point value transfer, without the need for specific physical bills or central system for control and verification, It can prevent selling more than one vote, track the flow of funds in time, protect the rights of investors and rece the cost of regulators

The hot sale of applepay payment has caused quite a stir. Convenient digital payment makes "digital currency" a hot topic again as early as January this year, the central bank said that it would actively absorb the important achievements and practical experience of digital currency research at home and abroad, and strive for the early launch of the digital currency issued by the central bank. Recently, central bank governor Zhou Xiaochuan mentioned "digital currency" again in an interview with the media. Obviously, digital currency may not be far away from us

finally, it is difficult for users to feel the difference between digital RMB payment and third-party payment in their daily consumption. In comparison, the use of digital RMB payment is more convenient than the third-party payment , and digital RMB payment is not limited by the network and payment scenarios. Digital RMB is the financial infrastructure built by the state, and there is no charge for the cashing and redemption of digital RMB. Digital RMB can be used to pay third-party payments. However, for those who need convenient electronic payment, people without financial accounts can also use digital RMB< Digital RMB supports controllable anonymity, which can better protect users' privacy

The reasons for the impact of e-commerce on traditional accounting are as follows:

1. e-commerce has long been an automated, paperless and digital social and economic environment, and digital signature has replaced paper signature, which will inevitably bring impact on the traditional current business laws and regulations adapted to paper transactions

2. has changed the proction mode and management mode of enterprises

3. has changed the environment of traditional accounting operation. E-commerce has greatly changed the environment of traditional accounting, and it is bound to have an impact on accounting theory

4. the impact of e-commerce on traditional currency and its settlement system is huge. The dominant position of traditional check and cash will be graally replaced by digital currency. Digital currency is a kind of credit currency circulating in the market by means of electronic technology and communication, which reflects the value of goods according to the legal currency unit

5. in the environment of e-commerce, digital procts have gone beyond the constraints of resource constraints, the quantity and content can be copied unlimited, and the currency in the form of physical procts will lose its value. Because in the specific accounting, these procts in physical form can not reflect the specific inventory quantity and amount, only the sales quantity and sales. The wide application of digital procts is an important feature of digital economy, and will become one of the important instries in China

6. the automatic, paperless and digital e-commerce environment has completely changed the traditional audit environment, making auditors face the following problems: (1) how to audit online companies and virtual companies. In these companies, the traditional audit clues in the form of written information become incomplete, and it is difficult to track e-commerce transactions with traditional audit methods. Auditors must learn to use the audit clues provided in digital form on the Internet to audit 2) In the face of real-time accounting information system, the focus of future audit work needs to shift from the audit of comprehensive accounting report to the audit of original accounting data 3) Facing the online real-time report mode, we need to study the real-time audit problem