Internet Financial Accounting From The Perspective Of Monetary Statistics

In recent years,Internet Finance has developed rapidly,and new products and institutions have emerged,which complements the existing financial system.However,while boosting China's economic and financial development,it also exposed risk issues frequently.This reminds us that while seeing the booming and prosperous Internet finance,we should not ignore the many risks it brings.In the decision-making arrangements for the overall planning of the comprehensive statistics work of the financial industry,the Party Central Committee and the State Council also proposed to establish statistics on Internet financial institutions and comprehensively strengthen statistical monitoring of weak links in risk prevention and control.The internet financial accounting can clarify its operational overview,and it can provide a reference for monitoring its risk to a certain extent,which is also of great significance for improving financial statistics.Focusing on the research purpose of Internet financial accounting,this paper focuses on three important contents: First,it analyzes the basic issues that should be clarified before conducting internet financial accounting.Through the evolutionary analysis of the Internet financial connotation,the comparative analysis with traditional finance and the comparative analysis of the differences and commonalities of its connotations from different perspectives summarizes the theoretical connotation of Internet finance,and relying on it,combines the morphological characteristics of Internet finance with the observability of statistics,and condenses the statistical definition of Internet finance from a broad perspective and a narrow perspective;on this basis,the comparative analysis method is used to study the micro-foundation of Internet financial accounting,and the principles that Internet financial accounting should follow are discussed.Second,the theoretical framework of Internet financial accounting is constructed.Based on the analysis of the monetary and statistical framework,the theoretical framework of Internet financial accounting is constructed from the perspectives of accounting objectives,subjects,objects,accounting standards and overview synthesis methods.Third,explore the path and method of virtual preparation of the interconnection financial overview.According to the constructed accounting framework,select “PPDai”,“Alipay” and “AngelCrunch” as Peer-to-Peer lending platforms,the Third party payment platforms,and the Equity-based crowdfunding platforms representative respectively.It shows the department's balance sheet is obtained by summarizing the balance sheet of a single platform,and the department's balance sheet is merged to obtain the department overview,and then the department overview is merged to obtain the Internet finance overview.Through the above research,the main conclusions are as follows: First,the perception of Internet financial connotation is based on different perspectives,research purposes are different,and its connotation is evolving.With the development of information technology and financial innovation,its connotation will continue to evolve.The research on its definition should not only be discussed in combination with the purpose of research,but also must be discussed in the context of the development of contemporary economic finance and Internet technology.Second,Internet financial accounting has a dual nature.On the one hand,its accounting objectives,subjects,objects,accounting standards and methods of overview synthesis are highly consistent with the monetary statistical framework.Therefore,the Internet financial accounting framework can be embedded in the monetary statistical framework;on the other hand,its accounting purposes,subject classification,object classification has its own uniqueness and can be accounted for separately.Third,Internet financial accounting can take a “virtual” approach to preparing balance sheets and overviews.Due to the particularity of the accounting entity as financial auxiliary institutions,the assets and liabilities of the main business activities occurring on its platform can be regarded as the virtual assets and liabilities of the platform.The possible innovations in this paper are as follows: Firstly,it analyzes the theoretical basis of Internet financial accounting.On the basis of summarizing the theoretical connotation of internet finance,it discusses the statistical definition of Internet financial accounting from the perspective of broad and narrow perspectives,discusses the scope of Internet finance accounting from macroscopic and microscopic perspectives and discusses the principles that should be followed in Internet financial accounting.The second is the "five in one" framework of accounting purposes,subject,object,accounting standards and overview synthesis.The relationship between Internet financial accounting and monetary statistics is discussed in depth,which lays a theoretical foundation for the establishment of Internet financial accounting system.Thirdly,based on the constructed Internet financial accounting framework,the method of virtual compilation of Internet financial overview is explored,which provides a reference for China to establish a complete Internet financial accounting.Research on Internet financial accounting is challenging,and it needs to have a comprehensive understanding of its theory and practice,monetary statistical framework,and SNA2008.Due to my limited research ability,there are still some shortcomings in the research: First,this paper explores the Internet financial accounting from the perspective of monetary statistics.The subjects of accounting are the Peer-to-Peer lending department,the Third party payment department and the Equity-based crowdfunding department.How to use all units involved in Internet financial activities as statistical subjects based on the perspective of financial statistics,and a more comprehensive reflection of Internet financial activities is a problem that needs further research.Second,the Internet financial form is constantly changing,and its cognition has also changed.The relevant statistical standards of Internet finance are still unclear.The research on its accounting is only a preliminary idea,so the principles and methods for compiling the department's balance sheet and Internet finance overview need to be further improved.