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The COVID Crisis as a Driver of the Digitalization of Accounting Procedures
Nazarova K. O., Moyseyenko O. M.

Nazarova, Karina O., and Moyseyenko, Olesya M. (2020) “The COVID Crisis as a Driver of the Digitalization of Accounting Procedures.” Business Inform 6:227–234.
https://doi.org/10.32983/2222-4459-2020-6-227-234

Section: Accounting and Auditing

Article is written in Ukrainian
Downloads/views: 6

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UDC 657.1.011.56

Abstract:
The COVID crisis – as a manifestation of the global financial, social and political crisis – is a serious challenge for the world in general and Ukraine in particular, but at the same time it has become a key impetus for accelerating the trend of digitalization and digital transformation. The article is aimed at studying the key directions of the digitalization of accounting procedures under the influence of the COVID crisis and to clarifying the problematic issues arising in the introduction of digital technologies for the purposes of accounting at Ukrainian enterprises. The concept of digitalization is defined, its comparison with digitization is made on the example of documenting operations for accounting purposes. The main directions of the digitalization of accounting procedures are allocated – the expansion of the use of electronic document flow, the use of cloud technologies, remote work. The advantages of using digital technologies in the conditions of quarantine throughout Ukraine are defined. It is substantiated that the efficiency of implementation of the main directions depends on: further improvement of the procedures of electronic document flow both at the level of individual enterprises, countries, and at the interstate level; improving the level of information security for the use of cloud storage of data, calculations, data sharing, and data use in a convenient way; correcting the imbalance between the levels of technology development and the competencies of accountants. Prospects for further research in this direction are to identify opportunities to expand the use of digital technologies for accounting purposes and to develop the conception of the digitalization of accounting procedures.

Keywords: COVID crisis, financial and economic crisis, digitization, digitalization, conception of digitalization of accounting procedures, accountance automation.

Fig.: 2. Bibl.: 28.

Nazarova Karina O. – Doctor of Sciences (Economics), Professor, Head of the Department, Department of Financial Analysis and Audit, State University of Trade and Economics (19 Kіoto Str., Kyiv, 02156, Ukraine)
Email: [email protected]
Moyseyenko Olesya M. – Head of the Department, Accounting and Settlement Division of the Accounting Department, National Bank of Ukraine (9 Instytutska Str., Kyiv, 01601, Ukraine)
Email: [email protected]

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