Analysis of the Impact of Exchange Rate Fluctuations on Accounting and Directions for Its Improvement

This research analyzes the impact of exchange rate fluctuations on the financial results of business entities, as well as the theoretical and practical aspects of their accounting treatment. The study examines the procedure for accounting, revaluation, and recognition of foreign currency operations in accordance with IFRS 21 requirements.
The research identifies the main problems in accounting for exchange rate differences — delayed data recording, a low level of automation, and deficiencies in managing currency risks.
The paper proposes recommendations for improving the system of exchange rate difference calculation and control by implementing digitalization, artificial intelligence (AI), and blockchain technologies.