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Digitalization of Accounting in a Dynamic Global Environment
Klym N. M., Plekan M. V., Muzhevych N. V.

Klym, Nadiia M., Plekan, Mariia V., and Muzhevych, Nataliia V. (2020) “Digitalization of Accounting in a Dynamic Global Environment.” Business Inform 11:269–274.
https://doi.org/10.32983/2222-4459-2020-11-269-274

Section: Accounting and Auditing

Article is written in Ukrainian
Downloads/views: 3

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UDC 657:004

Abstract:
The article is aimed at researching the digitalization of business, which will significantly reduce costs, increase both profits and the pace of development of companies. Only digitized companies will be able to promote their goods or services in various spheres of the economy, to develop at the junction of industries at lower costs of finance and effort, because the digitalization allows to erase the so-called «sectoral barriers», creating a completely new segment of the economy. The article examined the essence of the concept of «digitalization» and diagnostics of its possible impact on the development and improvement of accounting systems, analysis, taxation. The analysis of changes and their impact on the development and improvement of accounting-analytical information is carried out, allowing to justify the need for rapid dynamic digitalization processes in various spheres. In addition, the digitalization of accounting-analytical systems will significantly save money by transforming and expanding the duties of relevant officials. Technologically, digitalization allows optimizing a significant number of accounting processes and freeing up accountance workers to perform more important tasks. The research groups the principles of development of accounting and audit systems based on the latest information systems and technologies. Accountants need to go beyond the formation of financial reports that produce information of previous periods, and use technologies of present and future time in order to predict efficient actions and development of the enterprise. In the process of researching the process of digitalization as an inevitable phenomenon in the organization of the accounting process, the authors proved that one of the most promising factors in today’s market is the use of blockchain technologies. Moreover, in the near future, leading firms will introduce blockchain technologies into the accounting and taxation system. The authors present an example of technological application of blockchain in accounting processes, describe the main advantages of using blockchain in the accounting system, which will improve the accounting system, scale it in order to create additional value of the enterprise in the long term.

Keywords: digitalization, diagnostics, technology, blockchain, accounting.

Fig.: 1. Tabl.: 2. Bibl.: 8.

Klym Nadiia M. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Accounting and Auditing, National Forestry University of Ukraine (103 Henerala Chuprynky Str., Lviv, 79057, Ukraine)
Email: [email protected]
Plekan Mariia V. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Accounting and Analysis, Lviv Polytechnic National University (12 Stepana Bandery Str., Lvіv, 79013, Ukraine)
Email: [email protected]
Muzhevych Nataliia V. – Candidate of Sciences (Economics), Senior Lecturer, Department of Accounting and Taxation, West Ukrainian National University (11 Lvivska Str., Ternopil, 46009, Ukraine)
Email: [email protected]

List of references in article

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[Legal Act of Ukraine] (1999). https://zakon.rada.gov.ua/laws/show/996-14#Text

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