What impact does e-commerce have on accounting?

With the emergence of e-commerce, great changes have taken place in the social and economic environment on which the original accounting was based. Internet companies are changeable as accounting subjects, which makes it difficult to identify accounting subjects and makes the spatial scope of accounting in a fuzzy state.

If the accounting subject is uncertain, there will be no room for accounting elements such as assets, liabilities, income and expenses, and users of accounting information will not be able to understand the accounting information reflected in financial reports.

Extended answer:

E-commerce is a commercial activity centered on commodity exchange by means of information network technology; It can also be understood as trading activities and related services in the form of electronic transactions on the Internet, Intranet and VAN (ValueAddedNetwork), which is the electronization, networking and informatization of all links of traditional commercial activities.

E-commerce usually refers to a new business operation mode in which buyers and sellers conduct various business activities without meeting each other in a wide range of business and trade activities around the world under the open network environment of the Internet, and realize online shopping for consumers, online trading for merchants and online electronic payment, as well as various business activities, trading activities, financial activities and related comprehensive service activities.

Even though e-commerce has different definitions in different countries or fields, its key is still the business model that relies on electronic equipment and network technology. With the rapid development of e-commerce, it includes not only the main connotation of shopping, but also auxiliary services such as logistics and distribution. E-commerce includes electronic currency exchange, supply chain management, electronic trading market, online marketing, online transaction processing and electronic data exchange.