Management Accounting of Payment Risks of Online Trade during Military Operations


The rapid development of technologies and intensifying military operations have caused several challenges for online trade, in particular, in terms of payment risks. In this context, management accounting as a key means of monitoring and controlling these risks is assigned a special role. The aim of the article is to identify the key peculiarities of the influence of management accounting on the payment risks of online trade in the area of fraudulent operations during active military operations. The study employed a number of economic and statistical method: an in-depth semi-structured interview using the author’s questionnaire, as well as an economic analysis of losses from fraud according to the methodical approaches of auditing KPMG and Crowe. The practice of identifying fast recurring transactions (78% of respondents) when working with payment risks was distinguished as a result of the research by interviewing respondents from a sample of management accounting specialists. The importance of estimating losses from fraudulent transactions (78% of respondents) in the management accounting system of payment risks is emphasized. Analysis of the results of interviewing respondents showed a positive effect of the systematic application of management accounting tools on reducing the risks of fraud in online trade. Thanks to adequate management accounting, the fraud losses is reduced by an average of 12% compared to the 2022 average industry loss rate. The obtained results revealed the key role of management accounting in overcoming the negative consequences of payment risks, namely in reducing losses from fraudulent transactions. These results can be applied to improve the financial and operational management of online trade in wartime and other crisis situations. Prospects for further research are in-depth analysis of artificial intelligence tools and machine learning in identifying payment risks of online trade.



[1] Ady, Eka Nadia Septiani, Faiza Batrisya Nisrina, Fidyah Ramadhani, and Ferry Irawan. 2022. Urgensi KUHD dalam menangani risiko kejahatan siber pada transaksi E-Commerce. Journal of Law, Administration, and Social Science 2(1): 45–55. DOI:
[2] Affia, Abasi-amefon O., Raimundas Matulevičius, and Alexander Nolte. 2020. Security Risk management in e-commerce systems: A threat-driven approach. Baltic Journal of Modern Computing 8(2): 213–240. DOI:
[3] Bondarenko, Svitlana, Iryna Liganenko, Olga Kalaman, and Liubov Niekrasova. 2018. Comparison of methods for determining the competitiveness of enterprises to determine market strategy. International Journal of Civil Engineering and Technology 9(13). DOI:
[4] Byelozertsev, Vasyl', and Olha Prokhvatylo. 2018. Research of problem aspects in the accounting of settlements with the internet shop buyers. Technology Audit and Production Reserves 6(44): 11–15. DOI:
[5] Chun, Se-Hak. 2019. E-Commerce liability and security Breaches in mobile payment for e-Business sustainability. Sustainability 11(3): 715. DOI:
[6] Dutta, Pankaj, Pravin Suryawanshi, Pallav Gujarathi, and Arnab Dutta. 2019. Managing risk for e-commerce supply chains: an empirical study. IFAC-PapersOnLine 52(13): 349–354. DOI:
[7] Grüschow, Robert Maximilian, and Malte Brettel. 2018. Managing payment transaction costs at multinational online retailers. International Journal of Electronic Commerce 22(1): 125–157. DOI:
[8] Hassan, Arif, Zarina Shukur, and Mohammad Kamrul Hasan. 2020. An efficient secure electronic payment system for E-Commerce. Computers 9(3): 66.
[9] Lin, R. L. 2021. Risk analysis and development research of Cross-Border e-commerce payment under the background of Internet Finance. 2021 International Conference on Applications and Techniques in Cyber Intelligence Applications and Techniques in Cyber Intelligence 1: 72–79. ATCI 2021. DOI:
[10] Nasr, Mona Mohamed, and Mohamed Farrag. 2020. E-Payment Systems Risks, Opportunities, and Challenges for Improved Results in E-Business. International Journal of Intelligent Computing and Information Sciences 20(1): 1–20. DOI:
[11] Ogbanufe, Obi, and Dan J. Kim. 2018. Comparing fingerprint-based biometrics authentication versus traditional authentication methods for e-payment. Decision Support Systems 106: 1–14. DOI:
[12] Park, Jungkun, Eklou Amendah, Younghee Lee, and Hyowon Hyun. 2018. M-payment service: Interplay of perceived risk, benefit, and trust in service adoption. Human Factors and Ergonomics in Manufacturing and Service Industries 29(1): 31–43.
[13] Sharma, N., and A. R. Prashanth. 2021. Secure Payment Modes Technology for E-Commerce applications. IGI Global eBooks, 845–859. DOI:
[14] Wang, Dongmei, and Guangqin Li. 2022. The best decision for E-Commerce funds transfer based on cloud computing technique. Mathematical Problems in Engineering 2022: 1–11. DOI:
[15] Wang, Fengyun, Mingxia Wei, and Brian Sheng-Xian Teo. 2022a. Research on Credit Risks and Countermeasures of Cross-border E-commerce in China. Frontiers in Business, Economics and Management 6(3): 180–183. DOI:
[16] Wang, Lei. 2020. Study on Security Countermeasures of Cross-border E-Commerce Payment Risk. Journal of Physics: Conference Series 1616: 012042. DOI:
[17] Wang, Linghong. 2021. Research on Financial Management Countermeasures of enterprises in e-commerce environment. IOP Conference Series 714(4): 042023. DOI:
[18] Wang, Yingying, Qifeng Yang, and Ping Song. 2022b. Risk Prevention of E-Commerce Supply Chain Financial Market based on High-Performance Computing. Mobile Information Systems 2022: 1–12. DOI:
[19] Yali, Cao, Yue Shao, and Hongxia Zhang. 2021. Study on early warning of E-commerce enterprise financial risk based on deep learning algorithm. Electronic Commerce Research 22(1): 21–36. DOI:
[20] Yang, Yu, and Zecheng Yin. 2023. Accountancy for E-Business Enterprises based on cyber security. International Journal of Data Warehousing and Mining 19(6): 1–17. DOI:
[21] Yomas, Jerrin, and Chitra Kiran. 2018. A critical analysis on the evolution in the E-Payment system, security risk, threats and vulnerability. Communications on Applied Electronics 7(23): 21–29. DOI:
[22] Yu, Ling. 2021. Research on the risk and supervision system of Cross-Border E-Commerce payment in China. Financial Engineering and Risk Management 4(5): 9–15. DOI:
[23] Zhang, Hao. 2023. Risk and Control of Cross border E-commerce Enterprises from the Perspective of Internal Audit. Highlights in Business, Economics and Management 11: 321–326. DOI:
[24] Zhang, Xiaotian. 2021. The Changes and Development of Financial Accounting Theory and Practice in the E-commerce Era. Modern Economics and Management Forum 2(3): 110–112. DOI:
[25] Zhou, Hao, and Hongfeng Chai. 2020. Financial Retail Payment risk Control: Current status, challenges, and countermeasures. Chinese Journal of Engineering Science 22(6): 103–110. DOI:
[26] Crowe. 2019. 7 Steps for Conducting a Fraud Investigation.
[27] Deutsche Bank. 2022. A Corporate’s Guide to Payment Fraud Prevention.
[28] Juniper Research. 2023. Online Payment Fraud: Market Forecasts, Emerging Threats and Segment Analysis 2023-2028.
[29] KPMG. 2022. New Trends and Developments in Payment Fraud.
[30] National Bank of Ukraine. 2022. NBU Statistics.
[31] UAFIC, National Bank of Ukraine. 2022. Fintech Trends 2022.
How to Cite
SEMENIKHIN, Maksym et al. Management Accounting of Payment Risks of Online Trade during Military Operations. Theoretical and Practical Research in Economic Fields, [S.l.], v. 14, n. 2, p. 473 - 483, dec. 2023. ISSN 2068-7710. Available at: <>. Date accessed: 25 feb. 2024. doi: