DIGITALIZATION OF FOREIGN EXCHANGE DIFFERENCE ACCOUNTING: CHALLENGES AND PROSPECTS IN EMERGING ECONOMIES
DOI:
https://doi.org/10.5281/zenodo.17448952Keywords:
foreign exchange rate, exchange differences, digitalization, IFRS 21, blockchain, artifcial intelligence, accounting, Uzbekistan.Abstract
This article examines the digitalization of foreign exchange difference accounting in emerging economies,with a special focus on Uzbekistan. Exchange rate volatility increasingly influences fnancial reporting accuracy,
business decision-making, and overall economic stability. Using a combination of comparative analysis, case study,
and statistical evaluation, the study compares international best practices with Uzbekistan’s current situation. The case
of Windermere Pro LLC demonstrates how manual accounting processes and delayed recognition of exchange rate
differences distort fnancial outcomes, while blockchain- and AI-based simulations signifcantly improve transparency,
accuracy, and efciency. The fndings show that digitalization reduces operational risks, enhances compliance with IFRS,
and strengthens risk management systems. The research contributes to the literature by integrating digital technologies
into the conceptual framework of foreign exchange difference accounting and provides practical recommendations for
enterprises and policymakers in emerging markets.
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