Challenges and Evolutionary Logic of Basic Accounting Postulates in the Context of the Digital Economy

Abstract

The rise of the digital economy poses a systemic challenge to traditional fundamental accounting postulates. This paper aims to explore the deconstructive challenges faced by basic accounting postulates, their inherent evolutionary logic, and an adaptive theoretical framework. The research reveals the fundamental impact of the digital economy on the boundaries of the accounting entity, the going concern and periodicity assumptions, and the monetary unit principle. Building on this analysis, the paper discusses the theoretical necessity of an evolution from static entities to dynamic value-network entities, from fixed periods to flexible temporal frameworks, and from a single monetary unit of measurement to comprehensive value measurement. Ultimately, the paper constructs an innovative postulational framework that integrates a multidimensional and dynamic entity definition, a combination of flexible periods and real-time reporting, and multiple value measurement and presentation methods. This is intended to provide a foundational direction for the reconstruction of accounting theory in the era of the digital economy.