Development of Accounting in the Conditions of Introduction of Modern Information Technologies

Andrii Makurin ()
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Andrii Makurin: Dnipro University of Technology, Dnipro, Ukraine

Oblik i finansi, 2020, issue 1, 52-58

Abstract: In the conditions of the sixth and seventh technological orders, the accounting system requires significant changes, the catalyst of which will be modern information technologies. The purpose of the article is to disclose certain aspects of the development of accounting in a digital economy using information technologies (artificial intelligence, blockchain, cloud services and XBRL). It was revealed that duplication of the principles of packet technologies is occurring at Ukrainian enterprises due to the inferior use of the possibilities of dialogue processing information in a software environment. The advantages of using cloud technologies in accounting were disclosed. It was proved that blockchain is an ideal accounting that does not allow errors or intentional manipulations with numbers by tracking all financial transactions and notifying of all changes in real time. Information technologies are able to process huge volumes of information in a fairly short time, so their application has powerful prospects in accounting. It was determined that the high cost of cloud software and access problems through dependence on the availability of the Internet are the constraining factors for the development of cloud technologies in Ukraine. Changes in accounting methodology and practice that occur under the influence of information systems and technologies were noted. In particular, the profession of an accountant changes in the technological and functional aspect, approaches to documenting business transactions, preparing and publishing financial statements, and implementing the control function in the accounting information system are changing too. The author's focus is on the widespread dissemination of digital financial statements generated using XBRL technology. The procedure for conducting settlement operations using QR codes was disclosed.

Keywords: blockchain; accounting; documentation; cloud storage; digital financial reporting (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (1)

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