Triple‐entry accounting with blockchain: How far have we come?

Although double‐entry accounting has been used for more than 600 years, today’s era of disruptive technological change utilising blockchain and FinTech has led to the emergence of another promising accounting method: triple‐entry accounting. This paper explores triple‐entry accounting, from its conception to the current state of play, using three case studies. We find that: (i) in a blockchain ecosystem, for some accounts, business entities will only need to perform a single entry internally and the opposite entry will be recorded in a public shared ledger; and (ii) triple‐entry accounting is a new and a more efficient way to address fundamental trust and transparency issues that plague current accounting systems. Triple‐entry accounting with blockchain, when properly implemented, can fundamentally improve accounting.     

Applicability Of The Conservatism Accounting Convention in China: Empirical Evidence

“Conservatism” is a widely accepted accounting convention in the industrialized world, but it has long been slated and prohibited in China under the orthodox ideological influences. To date, the conservatism convention has not been fully adopted or implemented in Chinese accounting although the Chinese government has made substantial efforts to reform its accounting system to bridge the gaps between the accounting practices in China and other industrialized countries in recent years. This study has, through a wide range questionnaire survey, empirically investigated the applicability of the conservatism accounting convention in China. We found that the survey respondents (consisted of business accountants, management, government officials, bank loan officers, investment analysts and auditors), in general, held no negative attitudes against the conservatism convention under the changing business environment in the country. There is clear evidence that various interested parties of business accounting would support an expanded adoption of “conservatism” in Chinese accounting. The study findings will facilitate a proper assessment of the future development of accounting standards and practices in China.     

论数字资产的会计确认和计量

由于信息技术在全球的迅猛发展,目前存在的很多产业正逐步从物质向数字转变。作为市场的一种重要资源,数字资产给它的开发带来了极大的经济利益,同时也为其使用提供了很多便利,加强对它的研究越来越显得紧迫和重要。本从研究数字资产的内涵和特征入手,对数字资产的会计确认和计量提出了笔的一点初浅的认识。     

The Impact of the Definition of Inflation on the Effectiveness of Inflation Accounting Adjustments

In tests of inflation accounting methods, inflation is generally seen as a simple phenomenon: the prices of all elements change at the same rate. The example presented here deals with a different case: inflation is characterized by changes in the structure of prices. In particular, prices of articles bought and articles sold do not vary at the same rates.
In this context, it is observed that three types of adjustments are not effective, i.e. they do not have the potential to report real or nominal rates of return. This result should be considered as a criticism of the coherence of inflation accounting methods.     

Boussard's 'Effectiveness of Inflation Accounting Adjustments': A Comment

Boussard's (1984) notion that Current Cost/Constant Dollar Accounting does not provide 'meaningful rates of return' when inflationary conditions are compared with non-inflationary conditions is based on a misleading example.     

Distrust or speculation? The socioeconomic drivers of U.S. cryptocurrency investments

Employing representative data from the U.S. Survey of Consumer Payment Choice, we find no evidence that cryptocurrency investors are motivated by distrust in fiat currencies or regulated finance. Compared with the general population, investors show no differences in their level of security concerns with either cash or commercial banking services. We find that cryptocurrency investors tend to be educated, young and digital natives. In recent years, a gap in ownership of cryptocurrencies across genders has emerged. We examine how investor characteristics vary across cryptocurrencies and show that owners of cryptocurrencies increasingly tend to hold their investment for longer periods.     

中国央行数字货币的设计机制及潜在影响研究--基于央行数字货币专利申请的分析

本文基于央行数字货币专利申请信息和相关专家公开论述,系统分析了央行数字货币的设计演变、双层投放体系及其对金融体系、政策调控的潜在影响。研究认为,央行数字货币在中心化、双层投放体系设计下,定位于现金替代,对商业银行存款挤出及货币乘数影响较小。央行数字货币在保护用户隐私、提高监管能力、降低交易成本和简化跨境支付方面有着显著优势,对现有第三方支付业务产生替代效应。央行数字货币也会影响以支付为重要入口的金融科技业务和数字金融解决方案输出业务的发展,但若数字货币支付交易数据能够在保证安全和隐私的前提下,向金融科技企业和金融机构开放数据分析接口,则有利于打破数据孤岛,推动金融科技业务和金融数字化转型更好更快发展。