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Technological developments are progressing very rapidly in today’s business world and reflections are also observed in the accounting science. The Covid-19 era changed individuals’ habits and did lead to new technological improvements. This era even encouraged or forced some individuals who are not really knowledgeable of technology to dwell into recent technological developments. During the Covid-19 era, technology was actually the only factor that brought people closer. The concept of the metaverse, the foundations of which were first laid in the science fiction novel named Snow Crash dated 1992, has started to be talked more frequently today especially after the Covid-19 pandemic and has made everyone to question whether a new virtual world is possible. In this virtual world, just like the physical world, stores can be opened, lands can be purchased and many financial activities can be carried out. Thus, metaverse is an emerging concept in accounting and it is actually linked to other new fields, which are cryptocurrencies, artificial intelligence (AI), virtual reality (VR), augmented reality (AR) and generally information technologies (IT). Definitely, the life cycle of accounting in the new field of metaverse is not completed, debates go and some issues are in the grey area. In this study, the concept of metaverse was first analyzed in the introduction section. Then, a literature review was run on the subject. The research includes journal entries as applications concerned with metaverse accounting in the following section. The study is finalized with conclusion and recommendations for future research.
Kızıl et al. (Sat,) studied this question.