Prospects for Improving Accounting through Digital Technologies

Nodira B. Abdusalomova, Nafosat B. Abdusalomova, Farkhod T. Abduvaxidov, Furkat T. Temirov and Ramazon A. Abdurakhmanov

Chapter 47 in The Sustainable Development of the Entrepreneurial Economy in the Fifth Industrial Revolution, 2026, pp 551-562 from World Scientific Publishing Co. Pte. Ltd.

Abstract: This research explores promising areas for integrating digital technologies into accounting, examines the challenges of implementing artificial intelligence within accounting systems, optimizes strategic decision-making processes, and addresses issues related to the organization of business operations. Additionally, the research analyzes the current state of digitization processes and determines the advantages of automatization of accounting and analytical functions. The authors examine the prospects for introducing digital technologies into accounting practice, including the automation of routine operations, the use of artificial intelligence for data processing, and the capabilities of blockchain technologies to ensure the reliability and security of accounts. As in all industries, automation of accounting functions is becoming increasingly important. Accordingly, this proposal will help reduce errors and improve the decision-making process. The research also analyzes the existing challenges and problems associated with the integration of new technologies into traditional accounting systems, including issues of employee adaptation and information security. The authors highlight the main advantages of digitalization, such as improved reporting quality, optimization of internal business processes, and reduced operating costs. In conclusion, the authors emphasize that the prospects for improving accounting based on digital technologies open up new horizons for business, contributing to its development and competitiveness in the market.

Keywords: Sustainable Development; Entrepreneurship; Innovation; Technology; Information Management; Organizational Behavior; Industrial Organization; Entrepreneurial Economy; Fifth Industrial Revolution; Cause-and-Effect Relationships; Fourth Industrial Revolution; Digital Technology; Industry 5.0; Operations Management; Operations Research; Supply Chain Management; Fintech; Cryptocurrency; Blockchain; Economics and Finance; Corporate Governance; Technological Environment; National Economy; State Management; Corporate Management; Agro-Industrial Complex 5.0; Fuel and Energy Complex 5.0; BRICS; EAEU; Central Asia; Social Responsibility; Digital Competitiveness; Digital Energy; Entrepreneurial Universities 5.0; Machine Learning; Cyber-Social System; Smart Company; Management of AI; Automatization; Decision-Making in Entrepreneurship; Big Data; Blockchain Finance; Robotisation Of Production; Applied Technological Solutions; Smart City; Local Entrepreneurial Economy; Modernisation; Institutes of Globalisation; E-Government; Innovative Economy; Knowledge Society; BRICS+ (search for similar items in EconPapers)
JEL-codes: L26 O33 Q01 (search for similar items in EconPapers)
Date: 2026
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