Experience and prospects of innovation development venture capital financing

Андрусів, Уляна; Kinash, Iryna; Cherchata, Anzhela; Polyanska, Alla; Dzoba, Oleh; Тарасова, Т. М.; Lysak, Halyna

doi:10.5267/j.msl.2019.10.019

Cited by 21 publications

(11 citation statements)

References 18 publications

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“…Stage three means the cryptocurrency use in everyday life of enterprises and organizations (Сherchata and Andrusiv, 2018). Two objectives are possible here: the first one is to use cryptocurrency for buying goods and services; the second one is the investment (Andrusiv et al, 2020). There are also other variants of cryptocurrency use, e.g.…”

Section: Resultsmentioning

confidence: 99%

Display of cryptocurrency in accounting

Makurin

2021

E'H

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The purpose of the research to determine the main features of the use of cryptocurrency and its identification as an object in the account. A comparative description of cryptocurrencies, electronic money and paper money is given. It has been established that there are no grounds to classify various types of cryptocurrencies in the accounting system as ordinary currencies or assets in a given period of time because they: are not regulated by any jurisdictions; it is not possible to identify the issuer or the specific organization responsible for its issuance; cryptocurrency exists only in the virtual Internet environment. Methods. General scientific methods and approaches, systematic approach, general research methods (analysis, synthesis, generalization, comparison), statistical methods. Results. The list of stages for reflection of activity of the business entity with use of cryptocurrency is offered and considered. The mining process is analysed and the list of cost items for the extraction of new digital coins is highlighted. The variant on reflection in the account of operations with cryptocurrency on accounts of accounting is offered. There are options for reflection in the accounting of cryptocurrency depending on its recognition: virtual goods, intangible assets, financial investments, digital money. To calculate the cost of cryptocurrency obtained by self-extraction, it is necessary to consider the main costs that need to be identified and reflected in the account. In addition to cryptocurrency, you can extract altcoins, lightcoins or convert cryptocurrencies into stablecoins, which cannot be extracted, but can only be purchased. The article presents the main aspects of calculating the cost, which include: the cost of electricity for individuals and legal entities in the country; the cost of the necessary equipment, its depreciation and maintenance, depreciation; residual value at which you can sell old mining equipment; hash – the speed of solving mathematical problems with one or another equipment; network load and production complexity; monetary value or exchange rate of a particular cryptocurrency or digital assets. Practical meaning. Despite all the scientific developments, the issue of accounting for cryptocurrency from the point of view of IFRS is quite debatable. On the one hand, most propose to account for it as a specific intangible asset. Virtual currency is a huge amount of computing power and digital assets. At this stage of technological development of mankind, cryptocurrency is gaining a stable position in the international market. Prospects for further research. Rapid development is causing further capacity growth and interest, but may eventually lead to collapse. However, if the price stability of the cryptocurrency is achieved, it can be used in international transactions, not just for speculative gain. However, this issue will be directly related to the legalization of the new currency and its recognition by central banks as a means of exchange or storage of money. There is a need for further research to understand the basic conditions for the use of digital currency in the payments market.

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Section: Resultsmentioning

confidence: 99%

Display of cryptocurrency in accounting

Makurin

2021

E'H

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“…Cherchata et al (2020) offer a methodology of analysis and evaluation of business processes of enterprises, which provides for the definition of "problem" areas of certain business processes of the enterprise. Andrusiv et al (2020) and Kinash et al (2019) emphasis on the fact that venture capital is a way of targeted investment in innovative development and can become a catalyst for the introduction of innovative technologies, which will have a positive impact on the development of the enterprise. Zhyhlei and Zakharov (2019) in their research have proved the role of social networks as a source of creation, accumulation and restoration of social capital, and noted the importance of networking that influence the socialization of society and widening its communicative boundaries in the conditions of development of modern socio-economic relations.…”

Section: Literature Reviewmentioning

confidence: 99%

Social capital measurement based on “The value explorer” method

Ievdokymov¹,

Lehenchuk²,

Zakharov³

et al. 2020

10.5267/j.msl

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The article substantiates the essence of the concept of "social capital" as a resource in terms of formed, permanent, established types of highly effective socio-economic interactions. In addition, the main directions of its manifestation and its structural elements are defined. It is stated that for quantitative measurement of social capital at the enterprise level, it is necessary to establish its precise framework, to determine its structure and key features. As an object of accounting, social capital should be regarded as an intangible asset. The expediency of using the Value explorer method for social capital estimation, which requires some necessary steps, has been substantiated as follows: the use of clearly established algorithm of actions in the implementation of rational selection for a new product; the use of internal and external innovations in the process of generating new ideas and production of innovations within the framework of the product realization strategy; identify areas of key competitive advantages related to social capital; determining the role of the sphere of competitive advantages in production and sales of products; gross profit distribution by key competitive advantages; calculation of the potential of the competitive advantages sphere; assessment of the durability and sustainability of the competitive advantages of the enterprise and calculation of the present value of all elements of social capital of the enterprise. Five main levels of social intangibles are identified and grounded. The study allows to form an appropriate matrix to analyze the effectiveness of their use in the enterprise.

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“…Cryptocurrency has appeared owing to the use of certain technology such as blockchain which makes it possible to exchange resources in electronic form. The idea of implementation and application of such asset as cryptocurrency is stipulated by the elimination of the participation of controlling parties to support certain liveness of the developed infrastructure (Kinash et al, 2019;Andrusiv et al, 2020;Shanaev et al, 2020). At the same time, there is a possibility to exchange resources between the unknown people who do not trust each other.…”

Section: Literature Reviewmentioning

confidence: 99%

Accounting and features of mathematical modeling of the system to forecast cryptocurrency exchange rate

Tarasova¹,

Usatenko²,

Makurin³

et al. 2020

10.5267/j.ac

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The objective of this paper is to determine the basic features of the use of mathematical modeling of the system to forecast cryptocurrency exchange rate. The study determines that cryptocurrency is the simplest investment asset being and, at the same time, the riskiest one. Advantages and disadvantages of cryptocurrency use are specified. Advantages include: code openness, anonymity, decentralization, emission, and reliability. Disadvantages include lack of guarantees, instability, risk of prohibition and possible loss. A model to forecast bitcoin cryptocurrency exchange rate is proposed and substantiated mathematically. The observations are the basis to develop a hypothesis: the faster the cryptocurrency (e.g. bitcoin) is mined, the more difficult it is to forecast bitcoin cryptocurrency exchange rate. Certain factors emphasize which may affect the cryptocurrency exchange rate: trade wars of the USA with other export-oriented world economies (China); advent of IEO as the alternative for ICO and new drivers connected with the interest in cryptocurrency; FATF recommendations for market control, the entry of world giants (e.g. Facebook) into the crypto-market and the development of the stablecoin market.

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Experience and prospects of innovation development venture capital financing

Cited by 21 publications

References 18 publications

Display of cryptocurrency in accounting

Display of cryptocurrency in accounting

Social capital measurement based on “The value explorer” method

Accounting and features of mathematical modeling of the system to forecast cryptocurrency exchange rate

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