SIMILARITIES AND DIFFERENCES BETWEEN THE ACCOUNTING SYSTEMS OF UKRAINE AND CHINA

Анотація

This study provides a comparative analysis of the accounting systems of Ukraine and China, focusing on their alignment with the International Financial Reporting Standards (IFRS). The paper examines the historical evolution, regulatory frameworks, and methodological approaches to accounting in both countries. Ukraine follows a continental accounting model adapted to European standards, while China employs a mixed system that integrates IFRS-based practices with centralized state regulation. Special attention is given to the level of digitalization and automation of accounting processes, highlighting China’s implementation of the Golden Tax System and the use of artificial intelligence technologies. The study identifies key similarities between the two accounting systems, such as integration with tax authorities, while emphasizing differences in regulatory approaches, the degree of centralization, and flexibility in responding to economic changes. The research also explores the challenges and prospects for improving Ukraine’s accounting system by incorporating best practices from China, including the development of a unified digital platform for accounting and taxation, the automation of accounting processes, and the adoption of blockchain and Big Data technologies to minimize financial fraud. The findings provide practical recommendations for enhancing financial transparency and reducing administrative burdens on businesses. This research is relevant for academics, professional accountants, financial analysts, and regulatory bodies interested in optimizing national accounting systems and fostering international harmonization.

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