DIGITAL ECONOMY IMPACT ON TRANSFORMATION OF THE ACCOUNTING SYSTEM IN AGRIBUSINESS STRUCTURES

Purpose. The aim of the article is the analysis of scientific approaches to the interpretation of the peculiarities of the development of digital technologies of modern accounting in the digital economy. Methodology of research. The study was conducted using a dialectical approach to the study of the current state of the digital economy. In the course of the research general and special methods were used, in particular: the analytical method was used in the review of normative sources; the method of classification made it possible to differentiate the main components of the digital economy and accounting, and the method of description ‒ to give them a detailed description; monographic method is used in the study of literature sources on digital economics and accounting, system and analytical ‒ in the processing of information. Findings. It is determined that the digital economy is a communication environment of economic activity on the Internet, the result of transformational effects of new general-purpose technologies in the field of information and communication. It is substantiated that significant technological and informatization shifts, as well as growth of potential of digital economic information space stimulate modernization of accounting science, promote development of methodology and organization of accounting process, actualize the problem of positioning of accounting activity. The basic principles of functioning of the digital accounting platform are revealed, which allow to create the newest electronic systems with a significant number of users. Originality. It has been established that the block-chain is a promising accounting technology that eliminates traditional methods of accounting, documentation, processing, registration, inventory systems, while allowing companies to register both parties to the transaction in a joint book in real time, rather than keeping agreed records of financial transactions separately, private database. Practical value. The obtained results of the study will help increase the efficiency of the formation and development of accounting in a digital economy and will be the basis for further research in this area. Key words: digital economy, information technologies, accounting, digital accounting, block-chain, digital platform, digital technologies.

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SYNERGY ACCOUNTING IN THE AGE OF DIGITAL ECONOMY AND GLOBALIZATION

Polonia University Scientific Journal ◽

10.23856/3206 ◽

2019 ◽

Vol 32 (1) ◽

pp. 53-59

Author(s):

Yaroslav Izmaylov ◽

Iryna Yegorova ◽

Mirosława Skalik

Keyword(s):

Digital Economy ◽

Accounting System ◽

Enterprise Development ◽

Factors Affecting ◽

Economic Relations ◽

Synergetic Effects

The article deals with defining synergies and substantiating their appearance and reflection in the enterprise accounting system. There is a model of synergy affecting an enterprise’s efficiency when various resources interact in the age of digitalization and globalization of economic relations. The research offers an algorithm of automated accounting of synergetic effects by means of accounting simulation to strengthen synergy of factors affecting enterprise development. Procedures of synergy accounting in conditions of developing digital economy and globalization are improved.

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Digitalization and Accounting

Auditor ◽

10.12737/1998-0701-2021-7-2-33-38 ◽

2021 ◽

Vol 7 (2) ◽

pp. 33-38

Author(s):

N. Mislavskaya

Keyword(s):

Detailed Analysis ◽

Digital Economy ◽

Accounting System ◽

Economic Reality ◽

Methodological Approaches ◽

The Relationship

Th e article attempts to investigate and establish the relationship and mutual infl uence of the digitalization process in the economy and the accounting system. Th e author, based on a detailed analysis of the process of analog-todigital conversion and on the prevailing approaches to the defi nition of the concept of «digital economy» today, draws certain parallels with accounting. Digitalization is considered as a prerequisite for synthesizing new methodological and methodological approaches to solving the problems of refl ecting economic reality in the accounting system.

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Accounting: Development and transformation in the context of contemporary challenges

International Accounting ◽

10.24891/ia.24.10.1162 ◽

2021 ◽

Vol 22 (10) ◽

pp. 1162-1187

Author(s):

Tat’yana M. ODINTSOVA

Keyword(s):

Development Strategy ◽

Information Needs ◽

Academic Discipline ◽

Digital Economy ◽

Educational Process ◽

Theory And Practice ◽

Accounting System ◽

Economic Knowledge ◽

Subject Field ◽

Information Practice

Subject. This article deals with the issues related to accounting as an information practice and academic discipline in the context of digital transformation and non-stationarity of the socio-economic environment, and problematic aspects and prospects for its development in the context of the challenges of our time. Objectives. The article aims to identify the most significant factors affecting the accounting system, its conceptual sphere, subject and methodology, as well as identify problems inherent in accounting as an information practice, and directions of its modernization in the face of modern challenges. Methods. For the study, I used logical and theoretical-cognitive approaches, expert judgment, and comparative, and logical analyses. Results. The article presents original views toward the prospects for development and possibilities of modernization of the theory and practice of accounting, changes in its subject field, objects and methods. Conclusions and Relevance. The expansion of the subject field and methodological base of accounting, a departure from the purely financial, retrospective and specific nature of reporting information, flexibility and customization of the system to the information needs of management, convergence with other areas of economic knowledge and functionalities, with related information and control practices are the conditions for updating accounting in the context of the challenges of the digital economy. The results of the study can be used for further discussion concerning the prospects for the existence and development strategy of the profession, in the formation of policy papers that determine the concept and vector of development of accounting in the digital economy and information society, as well as in the educational process in determining the range and agenda of R&D issues for students of specialized master's programmes.

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Adjusting Financial Reporting in the Perspective of Transferring Financial Transactions to the Cryptocurrency Market

10.18662/wlc2021/60 ◽

2022 ◽

Author(s):

Monica-Laura Sorici (Zlati) ◽

◽

Veronica Grosu ◽

Cristina-Gabriela Cosmulese ◽

Marian Socoliuc ◽

...

Keyword(s):

Economic Development ◽

Financial Reporting ◽

Tax Evasion ◽

Digital Economy ◽

Decision Makers ◽

Prospective Analysis ◽

Accounting System ◽

Trading System ◽

Health Security ◽

Financial Transactions

The regulation of the cryptocurrency market is becoming an increasingly debated topic in the context of the transition to the digital economy and the health security procedures adopted by the authorities in this period dominated by the pandemic and economic crisis. In this context, we propose a prospective analysis of the effects of legislative regulation and the shift to the cryptocurrency market as a unit supporting digitization. The methods and procedures used in the analysis aim to obtain the staging of the interaction between the accounting system and the cryptocurrency trading processes. Thus, we will address the issue of the digital economy and the effects produced by it, and the result of this approach will be to identify viable solutions that will prevent certain effects on financial reporting and limit tax evasion or other money laundering techniques as a result of the widespread transition to this trading system. The results obtained will be useful to economic decision-makers and tax authorities concerned with these aspects of economic development.

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Digital Accounting Algorithms

SHS Web of Conferences ◽

10.1051/shsconf/202111005008 ◽

2021 ◽

Vol 110 ◽

pp. 05008

Author(s):

Galina Krokhicheva ◽

Iulia Mezentseva ◽

Tang Zhen

Keyword(s):

Decision Making ◽

Russian Federation ◽

Digital Technologies ◽

Qualitative Change ◽

Digital Economy ◽

Accounting System ◽

The Russian Federation

In the article, the authors explore some aspects of the organization of accounting processes in Russia. It is said that it is necessary to improve the existing accounting system in the country, as this requires the active development of digital technologies that widely cover the economy. The reorientation of the existing accounting system in the Russian Federation to the needs of the digital economy is possible through the widespread use of various digital accounting algorithms. The implementation of the proposed ideas can lead to a qualitative change in the organization of management and decision-making in all major areas.

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Transformation of the accountancy profession during digitalization of agriculture

BIO Web of Conferences ◽

10.1051/bioconf/20201700188 ◽

2020 ◽

Vol 17 ◽

pp. 00188

Author(s):

Galina Bakulina ◽

Galina Kalinina ◽

Inna Luchkova ◽

Maria Pikushina ◽

Alla Gracheva

Keyword(s):

Agricultural Sector ◽

Digital Economy ◽

Industrial Complex ◽

Accounting System ◽

Structural Units ◽

Information Base ◽

Current Period ◽

Account Management ◽

Agricultural Enterprise

The article is devoted to the changes in the profession of accountant and accounting in the process of digitalization of the agricultural economy. The concept of digitalization of the economy is revealed, its directions in the agricultural sector are determined. The necessity of creating a single information space of an agricultural enterprise that promotes the interaction of structural units is considered. The priority role of accounting in the formation of the information base and in the creation of an analytical platform for the digitalization of the agro-industrial complex is highlighted. The robotic system as a tool of the digital economy is presented. The stages of accounting robotization are revealed: organizational and informational, robotic data processing, reporting and analytical, account management. The characteristic of each stage is given. A scheme of the movement of information in a robotic accounting system is proposed. The prerequisites for accounting robots that have developed in the current period and are necessary for future formation are outlined. The transformation of the profession of an accountant in the digital economy into an account manager is defined and its role in the digitalization of agriculture is highlighted.

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Accounting Information System in the Digital Economy in Vietnam

Journal La Bisecoman ◽

10.37899/journallabisecoman.v2i5.514 ◽

2021 ◽

Vol 2 (5) ◽

pp. 31-36

Author(s):

Duong Thi Quynh Lien

Keyword(s):

Information System ◽

Human Resources ◽

Digital Technology ◽

Industrial Revolution ◽

Accounting Information ◽

Digital Economy ◽

Accounting System ◽

Accounting Information System ◽

State Management ◽

The Impact

The industrial revolution 4.0 in general and the trend of the digital economy in particular have affected all aspects of the economy. The requirements of finance and digital accounting, as well as the requirements of regional and international financial and accounting integration, require proactive preparation, taking full advantage of the advantages as well as limiting the impacts. disadvantage. That context is posing a requirement to innovate the accounting information system in the digital technology era. Therefore, learning about the impact of the digital economy on the accounting information system: accounting process, accounting human resources, and state management of accounting is essential to ensure the system effective accounting system, helping businesses seize opportunities and overcome challenges.

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Accounting in a digital economy

Economics. Finances. Law ◽

10.37634/efp.2021.1(1).4 ◽

2021 ◽

pp. 19-21

Author(s):

Maryna SHENDRYHORENKO ◽

Vitaliia LIADSKA

Keyword(s):

New Technologies ◽

Control Function ◽

Basic Research ◽

Digital Economy ◽

Information Value ◽

Information Environment ◽

Digital Data ◽

Accounting System ◽

Lack Of Information ◽

And Control

Under modern economic conditions, the trend towards automation and modernization of systems is growing rapidly. This also applies to accounting, as all businesses need to automate this process. Currently, the owners of enterprises, institutions, organizations are in demand for qualified professionals in the field of accounting, analysis, control and taxation. The profession of accountant is always in demand in the labor market. It has undergone significant changes, with the transition to a market economy, which gave impetus to the development of new technologies that have been introduced into accounting. One of the main elements of the accounting system is the information component of two subsystems – management and financial accounting. There is also a reorientation from the control function to the informative, based on the systematization of points of digital transformation of the organization. The digital economy is a type of economy where the key factors and means of production are digital data (binary, information, etc.) and network transactions, as well as their use as a resource that can significantly increase the efficiency and productivity and cost of products and services. The relevance of research in this area is also due to the fact that accounting risks losing its position as the main provider of financial information, due to the “dissolution” in the technical and multifunctional electronic information environment. In addition, problems with reduced accounting functionality have arisen in recent decades due to conservatism and its retroactive focus on information, specific methods and product formats, significant constraints and rules, dominance of the process over results and lack of information value for stakeholders, leading to a number of basic research aimed at reviewing the importance of the process of forming an information environment and finding ways to improve the organization of accounting. The main direction of accounting and control and analytical work of the enterprise is to inform users about the availability and condition of assets, as their acquisition is associated with investment. Collecting data on the availability, condition and movement of assets is a thorough process. Typically, this procedure is performed in different departments of the entity within the specified powers, so it complicates the process of summarizing data obtained from different sources.

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The First Decade of Effort: Progress Toward a Hospital Information System at the UCLA Hospital, Los Angeles, California

Methods of Information in Medicine ◽

10.1055/s-0038-1636003 ◽

1970 ◽

Vol 09 (02) ◽

pp. 75-80

Author(s):

B. G. Lamson ◽

W. S. Russell ◽

J. Fullmore ◽

W. E. Nix

Keyword(s):

Los Angeles ◽

Medical Record ◽

Communication Systems ◽

The United States ◽

Computer Applications ◽

Record Management ◽

Successful Implementation ◽

Accounting System ◽

Accrual Accounting ◽

Medical Specialties

Total information and communication systems within hospitals have been designed, but successful complete implementation, to date, has not been achieved. Limited applications with both patient medical data, notably in the clinical laboratories, and in the hospital accounting offices have been numerous. Although total programs are not yet a reality, it is apparent that the computer will serve ultimately many communication requirements, both medical and financial, within the hospital.Sound hospital management requires that costs of all component operations be known in order that value judgments concerning worth and efficiency may be made. Accrual accounting systems which match revenue and expense over the same time period are a prerequisite. Cash and modified cash hospital accounting cannot provide current reliable data for sound decision making.Costs of hospital operations cannot be evaluated unless related to the characteristics of the patient service load. Average per diem costs mean little except when large similar populations of patients are being compared. A modern hospital accrual accounting system should be able to provide information concerning the costs of caring for specific diseases in patients with known age and sex and disease severity characteristics. Without information of this type, it will not be possible to objectively evaluate alternative systems of financing and organizing patient care.Medical record management offers the promise of prospective use of patient disease information in the planning and scheduling of facilities. The prose content of medical record summaries, such as diagnostic statements in tissue pathology, radiology, and admission and discharge diagnoses, may be susceptible to non-coded, full prose input into computer controlled diagnostic files. Thesauri in the several medical specialties will be necessary for this achievement.There is little immediate prospect for complete hospital communication systems that can be made available as a package to any hospital without substantial local alteration. Pilot projects in teaching centers should be viewed for the time being as opportunities to define objectives, evaluate feasibility, and determine degree of risk and expense.A brief survey of applications in the United States which have been successfully implemented or which appear suitable for successful implementation is recorded.Eleven general principles which have been associated with successful implementation of computer applications within the UCLA Hospital are enumerated.

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