ACCOUNTING IN THE CONTEXT OF THE MODERN DEVELOPMENT OF THE DIGITAL ECONOMY
Abstract
Shmyhel O.Ye. ACCOUNTING IN THE CONTEXT OF THE MODERN DEVELOPMENT OF THE DIGITAL ECONOMY
Purpose. The aim of the article is to substantiate the need for the development of digitalization of modern accounting and financial reporting.
Methodology of research. The study was conducted using a dialectical approach to the study of the current state of development of the digital economy. General scientific and special methods were used, in particular: analytical - when reviewing normative sources; monographic - when studying literary sources on issues of digital economy and accounting; system and analytical method - when processing the received information.
Findings. It was determined that in the conditions of digitization of business processes, introduction and development of new business concepts, approaches to reporting methodology are changing, the need to create a new accounting concept is increasing. It is substantiated that digitalization contributes to the change in the functioning of management services and their responsibilities in all divisions of the business entity, and in the accounting department, in particular.
It was revealed that the result of the development of digital technologies will be the transformation of the organizational structure and management services of the accounting department, including due to the reduction of the staff and the review of the functionality, the introduction of new technologies for processing primary documents and information, the modernization of accounting processes and accounting policy in general; strengthening requirements for professional skills of users.
Origination. Directions for the development of digitalization of the organizational structure of the company’s accounting service are proposed in the article. The introduction of a single electronic data exchange format for financial reporting as a strategic tool for accounting harmonization is substantiated.
Practical value. The obtained results of the research will contribute to increasing the efficiency of the formation and development of accounting in the conditions of the digital economy and will become the basis for further scientific developments in this field.
Key words: digitalization, information technologies, accounting, financial reporting, digital accounting, digital technologies, business process.Keywords
Full Text:
References
Cabinet of Ministers of Ukraine (2018), Order of the Cabinet of Ministers of Ukraine “Concept of development of the digital economy and society of Ukraine for 2018-2020” dated 17.01.2018 no. 67-p, available at: https://zakon.rada.gov.ua/laws/show/67-2018-%D1%80#Text (access date February 15, 2022).
Brukhanskyi, R. and Spilnyk, I. (2020), “Digital accounting: concepts, origins and current discourse”, Instytut bukhhalterskoho obliku, kontrol ta analiz v umovakh hlobalizatsii, Issue 3-4, pp. 7-20.
Yershova, N. (2020). “Development of accounting in the conditions of the transition to the digital economy”, Visnyk Natsionalnoho tekhnichnoho universytetu “Kharkivskyi politekhnichyi instytut” (ekonomichni nauky), no. 2, pp. 75-80.
Muravskyi, V.V. (2018), Kompiuterno-komunikatsiina forma obliku [Computer and communication form of accounting], monograph, TNEU, Ternopil, Ukraine, 486 p.
Panasiuk, V., Burdeniuk, T. and Muzhevych, N. (2021), “Peculiarities of the digital transformation of accounting”, Halytskyi ekonomichnyi visnyk, no. 68, pp. 70-76.
Popivniak, Yu. (2020), “Transformation of the accounting method in the era of development of digital technologies”, Internauka. Seriia “Ekonomichi nauky”, no. 8, pp. 43-52. available at: https://www.inter-nauka.com/uploads/public/15992023972214.pdf (access date February 15, 2022).
Putsenteilo, P.R. and Dovbush, A.V. (2021), “The main vectors of the development of accounting in the conditions of the digital economy”, Innovatsiina ekonomika, no. 3-4(87), pp. 140-151.
Rohova, N. (2020), “Transformation of policies, tools and technologies of accounting and taxation in the conditions of the digital economy”, Finansovyi prostir, no. 2(38), pp. 103-116.
Sokolenko, L.F. (2019), “Digitization as a vector for the development of economic systems and modernization of the accounting system”, Oblik i finansy, no. 3, pp. 40-48.
Khorunzhak, N.M. and Lukanovska, I.R. (2019), “Accounting in the digital economy: problems and prospects”, Prychornomorski ekonomichni studii, no. 45, pp. 175-179.
Shendryhorenko, M. and Liadska, V. (2020), “Problems and prospects of the development of accounting in the conditions of the digital economy”, Ekonomika ta suspilstvo, no. 22, available at: https://economyandsociety.in.ua/index.php/journal/article/view/89/84 (access date February 15, 2022).
DOI: https://doi.org/10.37332/2309-1533.2022.1.17
Refbacks
- There are currently no refbacks.
INNOVATIVE ECONOMY 2006 - 2024