Title: Accounting for e-commerce sector

Authors: Nida Türegün

Addresses: School of Applied Sciences, Ozyegin University, Nişantepe Mah. Orman Sok., 34794 Çekmeköy, Istanbul, Turkey

Abstract: This study analyses the accounting in the context of e-commerce with the objective of identifying key challenges and factors affecting the development of electronic commerce. Thematic analysis is applied to the evaluation of major concepts and theories to facilitate a critical assessment of the applicability of accounting standards to the e-commerce business. By focusing on factors affecting the development of the e-commerce industry, this paper serves as a useful guide to modern accountants as well as contributing to knowledge development. Thus, the study will create new knowledge about the role of information technology in transforming the manner in which modern accounting is conducted, and whether it complies with the required standards. The main finding of this paper is that complexities involved in collection and analysis of financial data in online trading hinders the effectiveness of the application of various accounting standards.

Keywords: accounting; e-commerce; challenges; accounting standards; financial reporting; online transactions.

DOI: 10.1504/IJCA.2020.111564

International Journal of Critical Accounting, 2020 Vol.11 No.5, pp.429 - 438

Received: 28 May 2020
Accepted: 09 Jun 2020
Published online: 01 Dec 2020 *

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