Future of the Accounting Profession in Turkey

Mustafa A. Aysan ()
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Mustafa A. Aysan: İstanbul Üniversitesi İşletme Fakültesi, Muhasebe Anabilim Dalı, İstanbul, Türkiye

Muhasebe Enstitusu Dergisi - Journal of Accounting Institute, 2019, vol. 0, issue 61, 1-8

Abstract: When the future of the accounting profession is mentioned, it is generally thought that technological developments will reduce the need of labor force. This is correct for many aspects. However, the future of money is more important than this issue. Each coinage and paper money system has created a distinctive culture that differs significantly from all previous systems. In recent years, with the effect of digitalization and technological developments, the whole world is in the third stage of the history of money: the age of electronic money and the virtual economy. The integration of computer usage into our lives, the acceleration of globalization and the neo-liberal policies adopted by developed countries have increased the need for a common electronic currency. With the rise of electronic money, it is inevitable that society will undergo radical and wide-ranging changes. Electronic money will bring fundamental changes to political systems, the nature of trade organizations and class organization. In this study, the historical development of monetary systems is explained and the effects of inflation on the current monetary system are examined. The way in which the electronic money system affects economic and social life is discussed and suggestions for the future are given. There are no journal entries without money, no accounting without journal entries, no financials without accounting, no companies without financials, no economy without companies, no life without economy.

Keywords: Accounting Profession; Monetary systems; Electronic Money (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:ist:imeder:v:0:y:2019:i:61:p:1-8

DOI: 10.26650/MED.2019569233

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