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{"id":22067,"date":"2026-06-02T09:26:10","date_gmt":"2026-06-02T06:26:10","guid":{"rendered":"https:\/\/modecon.mnau.edu.ua\/?p=22067"},"modified":"2026-06-03T09:09:05","modified_gmt":"2026-06-03T06:09:05","slug":"methodological-approaches-to-accounting-for","status":"publish","type":"post","link":"https:\/\/modecon.mnau.edu.ua\/en\/methodological-approaches-to-accounting-for\/","title":{"rendered":"Fartushniak O. Methodological Approaches to Accounting for Carbon Taxation and Cbam-Related Transactions"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text]<\/p>\n\n\n\n
JEL Classification:<\/strong> H20, M40, Q56<\/span><\/i><\/td>\nDOI<\/b>: https:\/\/doi.org\/10.31521\/modecon.V56(2026)-34<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[\/vc_column_text][vc_column_text]Fartushniak Olha, <\/b>PhD in Economics, Assistant Professor of the Department of accounting and business consulting, Simon Kuznets Kharkiv National University of Economics, Kharkiv, Ukraine<\/span><\/p>\n

ORCID:<\/strong> 0000-0002-6305-5901<\/span><\/a>
\ne-mail: <\/strong>fartova09@gmail.com<\/span><\/a><\/p>\n

Methodological Approaches to Accounting for Carbon Taxation and Cbam-Related Transactions<\/b><\/p>\n

Abstract. Introduction. <\/i><\/b>The intensification of environmental regulations in the European Union, coupled with the introduction of the Carbon Border Adjustment Mechanism (CBAM), presents new challenges for Ukrainian exporters. These changes require the adaptation of accounting systems to align with carbon regulation instruments. Under these conditions, enterprises must recognize and account for new accounting objects, such as carbon liabilities, environmental expenditures, and CBAM certificates. However, the existing accounting framework in Ukraine lacks specialized methodological approaches for recognizing and accounting for CBAM-related transactions.<\/span><\/i><\/p>\n

Purpose.<\/i><\/b> The purpose of the article is to develop methodological approaches to the accounting treatment of carbon taxation and CBAM-related operations, as well as to substantiate approaches to the recognition, valuation, and accounting reflection of carbon liabilities and CBAM certificates within the accounting system.<\/span><\/i><\/p>\n

Results.<\/i><\/b> This article analyzes the regulatory framework that governs CBAM operations and identifies key methodological issues related to the accounting and tax aspects of these operations. Particular attention is given to determining the recognition date of CBAM liabilities, measuring carbon obligations, and classifying CBAM certificates as accounting objects. The study proposes a step-by-step procedure for CBAM operations, including identification of accounting objects, recognition of liabilities, acquisition of CBAM certificates, and settlement of obligations. The study substantiates the expediency of recognizing CBAM liabilities on the date of the obligating event. The accounting treatment of CBAM transactions is improved by using separate analytical accounts for CBAM liabilities and certificates. Additionally, the paper substantiates alternative approaches to accounting for CBAM certificates as either current assets or environmental intangible assets, in accordance with IAS 38 and IFRIC 3.<\/span><\/i><\/p>\n

Conclusions.<\/i><\/b> The proposed methodological approaches allow for the systematization of the accounting treatment of CBAM-related transactions and enhance accounting support for carbon regulation within the context of European integration. Implementing these approaches will contribute to harmonizing Ukrainian accounting practices with international financial reporting standards and European environmental regulations.<\/span><\/i><\/p>\n

Keywords:<\/i><\/b> carbon taxation; CBAM, accounting; carbon liabilities; CBAM certificates; environmental regulation.<\/span><\/i><\/p>\n

References<\/b>:<\/strong><\/p>\n

    \n
  1. Cheung, H. (2023). Non-monetary Double-Entry Carbon Accounting Method for Entities in Emission Trading Systems. <\/span>Journal of Cleaner Production<\/span><\/i>. 422. https:\/\/doi.org\/10.1016\/j.jclepro.2023.138475.<\/span><\/li>\n
  2. Boute, A. (2024). Accounting for Carbon Pricing in Third Countries Under the EU Carbon Border Adjustment Mechanism.\u00a0 <\/span>World Trade Review<\/span><\/i>, 23, 169\u2013189. https:\/\/doi:10.1017\/S1474745624000107.<\/span><\/li>\n
  3. Sandler, E., & Schrag, Daniel P. (2026). Carbon tax assets for carbon tax liabilities: using CBAM to increase climate finance. <\/span>Climate Policy<\/span><\/i>, 26 (4), 677-687. https:\/\/doi.org\/10.1080\/14693062.2025.2543096.<\/span><\/li>\n
  4. Lyashenko, O., & Dem’yanyuk, O. (2026). Modeling the Ukraine\u2013EU Negotiation Process on the Border Carbon Adjustment Mechanism: Applying the Rubinstein Trade Model. <\/span>Acta Academiae Beregsasiensis. Economics<\/span><\/i>, 1 (12), 121\u2013131. https:\/\/doi.org\/10.58423\/2786-6742\/2026-12-121-131.<\/span><\/li>\n
  5. Bhardwaj, M., Prakash, N., Mohanty, M., Malhotra, Rupa K., Kumar, R. and Johr, A. (2025). Exploring the influence of carbon credits on accounting and taxation research through bibliometric analysis.<\/span> Discover Sustainability<\/span><\/i>. 6 (933). https:\/\/doi.org\/10.1007\/s43621-025-01788-4<\/span><\/li>\n
  6. Regulation (EU) 2023\/956 of the European Parliament and of the Council of 10.05.2023 establishing a Carbon Border Adjustment Mechanism (CBAM). https:\/\/eur-lex.europa.eu\/eli\/reg\/2023\/956\/oj<\/span><\/li>\n
  7. International Accounting Standard 37 (IAS 37) \u00abProvisions, Contingent Liabilities and Contingent Assets\u00bb (2001). IASB. https:\/\/www.ifrs.org\/issued-standards\/list-of-standards\/ias-37-provisions-contingent-liabilities-and-contingent-assets\/<\/span><\/li>\n
  8. International Accounting Standard 38 (IAS 38) \u00abIntangible Assets\u00bb. (2001). IASB. https:\/\/www.ifrs.org\/issued-standards\/list-of-standards\/ias-38-intangible-assets\/<\/span><\/li>\n
  9. IFRIC 3 Emission Rights (issued December 2004, withdrawn June 2005). IASB. https:\/\/www.ifrs.org\/projects\/completed-projects\/2010\/emissions-trading-schemes\/<\/span><\/li>\n
  10. Instruktsiya pro zastosuvannya Planu rakhunkiv bukhhalters\u02b9koho obliku aktyviv, kapitalu, zobov’yazan\u02b9 i hospodars\u02b9kykh operatsiy pidpryyemstv i orhanizatsiy (1999): zatv. Nakazom MFU vid 30.11.1999 r. \u2116 291. https:\/\/zakon.rada.gov.ua\/laws\/show\/z0893-99#Text<\/span><\/li>\n<\/ol>\n

    [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Received: 21 April 2026<\/span><\/strong><\/p>\n

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    Fartushniak O. (2026). “Methodological Approaches to Accounting for Carbon Taxation and Cbam-Related
    \nTransactions”. Modern Economics, 56(2026), 241-247. DOI: https:\/\/doi.org\/10.31521\/modecon.V56(2026)-34.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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    [vc_row][vc_column][vc_column_text] JEL Classification: H20, M40, Q56 DOI: https:\/\/doi.org\/10.31521\/modecon.V56(2026)-34 [\/vc_column_text][vc_column_text]Fartushniak Olha, PhD in Economics, Assistant Professor of the Department of accounting and business consulting, Simon Kuznets Kharkiv National University of Economics, Kharkiv, Ukraine ORCID: 0000-0002-6305-5901 e-mail: fartova09@gmail.com Methodological Approaches to Accounting for Carbon Taxation and Cbam-Related Transactions Abstract. Introduction. The intensification of environmental regulations in the
    Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":13475,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[252,67],"tags":[253],"class_list":["post-22067","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-56-2026","category-articles","tag-56-2026"],"_links":{"self":[{"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/posts\/22067","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/comments?post=22067"}],"version-history":[{"count":3,"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/posts\/22067\/revisions"}],"predecessor-version":[{"id":22223,"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/posts\/22067\/revisions\/22223"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/media\/13475"}],"wp:attachment":[{"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/media?parent=22067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/categories?post=22067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/tags?post=22067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}