DIGITAL FINANCIAL INSTRUMENTS: CLASSIFICATION, CHARACTERISTICS OF MAIN TYPES, APPROACHES TO REFLECTION IN FINANCIAL STATEMENTS
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Author(s): | Lisovskaya I. A., Trapeznikova N. G., |
| Number of journal: | 1(70) | Date: | March 2025 |
| Annotation: | The article presents the results of the study of new objects digital financial instruments (DFIs). Due to the characteristics inherent in DFIs, including the digital nature, new properties determined by the digital environment of their creation and application, and others, the issues of their classifi- cation and the procedure for reflecting in financial statements, which, in turn, is the basis for making informed decisions in the field of finance, have not yet been resolved. The aim of the study is to analyze modern approaches to systematization and classification of DFIs, on the basis of which financial account- ing and reflection of DFIs objects in the financial statements of Russian organizations should be built. The object of the study is DFIs, including digital financial assets, utilitarian digital rights, digital currency and others. The methodological basis of the study is the provisions of the theory of accounting and finance, systems analysis and logical generalization of the provisions of Russian legislative and regulatory documents, analytical materials on the existing practice of applying DFIs, specialized literature, publications of Russian and foreign sci- entists and specialists. Taking into account the rapid growth in the use of digital technologies and corresponding instruments, including DFIs, and the active development and improvement of legislative regulation of tokenized objects in various jurisdic- tions, a classification is proposed that is adequate to the current Russian legislation and established accounting practice. The proposed classification, built with account of understanding the essence of each type of financial accounting, has scientific novelty and has theoretical significance for the development of financial accounting methodology. The practical significance of the research results lies in the development of proposals for systematization of the complex of DFIs objects and identifica- tion of the main qualitative characteristics and features of their various types. The obtained results are aimed at providing a better understanding of the economic essence and the choice of approaches to a reasonable procedure for accounting and reflection in financial statements of all objects included in DFIs. | ||
| Keywords: | digital financial instruments, types of digital financial instruments, digital rights, digital financial assets, utility digital rights, hybrid rights, stablecoins, cryptocurrency, digital ruble, advantages and risks of digital financial assets |
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| For citation: | Lisovskaya I. A., Trapeznikova N. G. Digital financial instruments: classification, characteristics of main types, approaches to reflection in financial statements. Biznes. Obrazovanie. Pravo = Business. Education. Law. 2025;1(70):51—57. DOI: 10.25683/VOLBI.2025.70.1202. |
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