scholarly journals Accounting in a digital economy

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.

The Data Imperative

2020 ◽  
pp. 19-43
Author(s):  
Henri Schildt
Keyword(s):  
Real Time ◽  
Business Processes ◽  
New Technologies ◽  
Digital Data ◽  
Digital Information ◽  
Information Flows ◽  
End Point ◽  
The World ◽  
The Creation ◽  
And Control

This chapter examines digitalization as a set of new normative ideals for managing and organizing businesses, enabled by new technologies. The data imperative consists of two mutually reinforcing goals: the pursuit of omniscience—the aspiration of management to capture the world relevant to the company through digital data; and the pursuit of omnipotence—an aspiration of managers to control and optimize activities in real-time and around the world through software. The data imperative model captures a self-reinforcing cycle of four sequential steps: (1) the creation and capture of data, (2) the combination and analysis of data, (3) the redesign of business processes around smart algorithms, and (4) the ability to control the world through digital information flows. The logical end-point of the data imperative is a ‘programmable world’, a conception of society saturated with Internet-connected hardware that is able to capture processes in real time and control them in order to optimize desired outcomes.

Retrospect and Prospect

2020 ◽  
pp. 289-302
Author(s):  
Rex Ahdar
Keyword(s):  
New Zealand ◽  
Environmental Impacts ◽  
Competition Policy ◽  
New Technologies ◽  
Competition Law ◽  
Digital Economy ◽  
Chinese Investment ◽  
Future Developments ◽  
And Control ◽  
Modern Era

This chapter looks back upon the modern era and speculates on future developments. As a modern competition statue, the Commerce Act 1986 stands up well in both substance and form and, overall, can be adjudged to be a success. The courts have battled valiantly to determine often complex disputes in a way that is mostly in harmony with the Act’s objective. A respectable body of antitrust jurisprudence has accumulated in just over three decades. Some challenges faced by NZ competition policy designers and enforcement agencies are generic in nature, being issues facing all antitrust jurisdictions. Common challenges include: (a) greater harmonization of competition law internationally and increased co-operation between enforcement authorities; (b) the challenge posed by the digital economy and new technologies; (c) a renewed concern with “fairness” and socio-political considerations, and; (d) inclusion of new factors such as environmental impacts. Other matters are more specific to New Zealand and include: (i) the response to greater Chinese investment and control (Sinicization) of the economy, and; (ii) the possible accommodation of indigenous Maori business enterprises.

Assessment of the Efficiency of Tax Authorities In the Time of the Economy Digitalization

2018 ◽  
Vol 11 (2) ◽  
pp. 149-154
Author(s):  
E. E. Smirnova
Keyword(s):  
Control Function ◽  
Control Policy ◽  
Digital Economy ◽  
Service Function ◽  
Control Functions ◽  
The Subject ◽  
Definition Of ◽  
And Control ◽  
Control Implementation

The paper examines current aspects of the tax control policy ensuring timely and full budget gains during the transition to the digital economy. The subject of the research is managerial and tax relations under the economy digitalization conditions. The objectives of the research are the definition of targets for improving the efficiency of the service and control functions of tax authorities and determining the specifics of choosing indicators for the digitalization of the economy. The paper analyzes the efficiency of tax authorities by two criteria: the quality of providing the state services and the quality of the tax control implementation. It is concluded that the transformation of the activities of tax authorities in the digital economy with a shift from the exclusively control function tawards the emphasis on the service function requires a change in the tax employees motivation system and a higher degree of automation of their work.

The role of dialogue between executives and ground-level employees mediated by MACS

2014 ◽  
Vol 9 (2) ◽  
pp. 189-212 ◽  
Author(s):  
Ülle Pärl
Keyword(s):  
Control Function ◽  
Ground Level ◽  
Business Environment ◽  
Open Communication ◽  
Content Type ◽  
Lack Of Information ◽  
And Control ◽  
A Company

Purpose – The purpose is to understand the manner in which companies use management accounting and control systems (MACS) for dialogical communication in assisting collaboration and the coordination of actions. The task of the research is to answer the following questions: why is it important to support dialogical communication by MACS in the organisation? Who are the salient stakeholder(s) in a company implementing collaboration and cooperation? How does one analyse and understand the role of MACS as a medium for supporting dialogical communication? Which aspects of dialogical communication are (not) fulfilled in the implementation of MACS and why? Design/methodology/approach – This study's philosophical assumptions are based on relational constructivism as a social science perspective. This study uses a participative action and observation case study as its methodology. Findings – Based on this case study, it can be concluded that most of the assumptions that dialogue could take place were fulfilled in departments in need of changes for competition and economic reasons. In the departments that did not need changes, assumptions of mutual openness, mutual confirmation and non-manipulation were not fulfilled – information from MACS was hidden and censored. The open dialogue by MACS between ground and senior groups was prevented resulting in a lack of information on different practices at the organisational level. One assumption that was problematic even in departments in need of changes was the assumption of non-evaluation. There is a paradox or contradiction between the contemporary business environment needing innovativeness and creativity, which means free and open communication without evaluation, and the coordination and control function which is a common part of MACS. Research limitations/implications – In this study, the data collection, documentation and analysis were carefully conducted and several methods applied to deal with possible bias. Nevertheless, the problem of the observer bias cannot be entirely eliminated since an individual researcher can never be separated from his or her background, philosophical views and experiences. Practical implications – The paper makes a strong practical contribution. Based on this case study, it has been demonstrated that MACS could be a medium to support dialogue between senior and ground levels if: senior management sees the need for dialogue between organisational members; management and other organisational members support and believe in dialogue which could be mediated by MACS. Originality/value – The conceptual novelty of the research lies in tying the concept of dialogue in the environment of stakeholder capitalism with the MACS framework. The contribution of this research is to shed more light on the role of MACS as one option of mediums for supporting dialogue between top and ground-level managers.

scholarly journals Topical issues of tax and legal regulation of the digital economy

2019 ◽  
pp. 167-175
Author(s):  
Ilya Kuchyerov
Keyword(s):  
Basic Research ◽  
Legal Regulation ◽  
Digital Economy ◽  
Tax Administration ◽  
Legal Analysis ◽  
Goods And Services ◽  
Scientific Analysis ◽  
And Control ◽  
Improvement Of Legislation ◽  
Digital Sphere

Introduction: the article examines the current problems of tax and legal regulation in the field of digital economy. In particular, the article draws attention to the need to resolve issues related to the organization of tax administration in the digital sphere, the establishment of digital taxes, the improvement of legislation on taxes and fees in terms of taxation of digital services. Objective: to identify the main problems of tax and legal regulation arising in connection with the activation of the process of digitization of economic activity; to develop proposals for improving legislation on taxes and fees. Methods: formal-logical, comparative legal, analysis, synthesis, comparison, generalization. Results: analysis of domestic and foreign publications reveals several substantive points that are directly related to the perspectives of tax and legal regulation, including issues of tax administration in the digital sphere, adjustments to the tax conditions for digital goods and services. Conclusions: the conducted scientific analysis confirms that the tax and legal regulation of the digital economy sphere implies the adjustment of existing approaches in the organization of tax administration and control, as well as a certain transformation of legal tax structures taking into account the specific features of the relevant business activities. The research was made with the financial support of the Russian foundation for basic research (RFBR) in the framework of the research project no. 18-29-16062 “The Concept of legal support for the digitalization of public Finance”.

scholarly journals Bank System in the Digital Economy

2021 ◽  
Vol 5 (520) ◽  
pp. 333-338
Author(s):  
N. V. Akymenko ◽  
◽  
N. S. Mamontenko ◽  
Keyword(s):  
Information And Communication Technologies ◽  
Financial Services ◽  
Banking Sector ◽  
New Technologies ◽  
Positive Impact ◽  
Digital Economy ◽  
Digital Data ◽  
Domestic Banks ◽  
Bank System ◽  
The Impact

The article is aimed at analyzing the activities of domestic banks in the digital economy. The publication proves the need to consider the digital economy as an economy based on the use of digital data and is not limited to the trade sphere. Accordingly, it is proposed to consider the process of digitalization of the banking sector as a process of transition of the banks’ activities from the traditional form to one based on the use of information and communication technologies. The digitalization process has both a negative and positive impact on the activities of banks. As a result of new technologies, the advantage of banks was leveled, which was based on the use of expensive system software for their work within the framework of the desintermediation process. Under the new conditions, large global or local tech giants have significantly influenced the market, which, having a large customer base, additionally offer them financial services. Significantly affect the market the neo-banks, which, having transferred most of the activity online, caused the need to revise the feasibility of the existence of bank branches. Fintech companies have become the main competitors of banks, which is explained by their awareness in the innovation market and great flexibility. At the same time, cooperation between banks and fintech companies is promising. The article takes into account the impact of the pandemic on the financial services market and the activities of all participants, including banks. A significant restriction of social contacts led to the transition of a large number of services online, including the banking ones. Customers of banks received a push to use mobile applications. In a pandemic, the criteria that influence the choice of the bank have significantly changed. Changing priorities towards a greater choice of remote services, the convenience of obtaining them, should be taken into account by banking institutions in their activities.

scholarly journals The Enabling Role of Digital Technologies in Sustainability Accounting: Findings from Norwegian Manufacturing Companies

Systems ◽  
2021 ◽  
Vol 9 (2) ◽  
pp. 33
Author(s):  
Olena Klymenko ◽  
Lise Lillebrygfjeld Halse ◽  
Bjørn Jæger
Keyword(s):  
Research Area ◽  
Digital Data ◽  
Manufacturing Companies ◽  
Sustainable Operations ◽  
Business Model Canvas ◽  
Automation And Control ◽  
Sustainability Accounting ◽  
And Control

Sustainability accounting is an emerging research area receiving growing awareness. This study examines the role of digital technology in manufacturing companies’ sustainability accounting. To guide the research, we use a triple layered business model canvas, which supports the accounting of a manufacturer’s performance for the economic, environmental, and social aspects of sustainability. We present an explorative case study of four Norwegian manufacturing companies representing different industries. The findings from the study indicate that while accounting for economic values is well taken care of, companies do not perform comprehensive environmental and social accounting. Furthermore, we observed a shift from a focus on sustainability issues related to the internal manufacturing process to a focus on sustainability issues for the life cycle of the product. Even though the manufacturers are at the forefront with regard to automation and control of production, with extensive use of robots giving a large amount of data, these data are not utilized towards sustainability accounting, showing that sustainability and digitalization are seen as two separate phenomena. This study sheds light on how digital data available from applied Industry 4.0 technologies could enhance sustainability accounting with limited efforts, linking sustainability and digitalization. The results provide insights for manufacturers and researchers in moving towards more sustainable operations and products.

scholarly journals Phony peach disease: past and present impact on the peach industry in the southeastern U.S.A

2021 ◽  
Vol 2 (1) ◽  
Author(s):  
Kendall A. Johnson ◽  
Clive H. Bock ◽  
Phillip M. Brannen
Keyword(s):  
New Technologies ◽  
Current Knowledge ◽  
Future Research ◽  
Management Options ◽  
Disease Epidemiology ◽  
Pathogen Diversity ◽  
Foundational Research ◽  
Global Threat ◽  
And Control ◽  
The Impact

Abstract Background Phony peach disease (PPD) is caused by the plant pathogenic bacterium Xylella fastidiosa subsp. multiplex (Xfm). Historically, the disease has caused severe yield loss in Georgia and elsewhere in the southeastern United States, with millions of PPD trees being removed from peach orchards over the last century. The disease remains a production constraint, and management options are few. Limited research has been conducted on PPD since the 1980s, but the advent of new technologies offers the opportunity for new, foundational research to form a basis for informed management of PPD in the U.S. Furthermore, considering the global threat of Xylella to many plant species, preventing import of Xfm to other regions, particularly where peach is grown, should be considered an important phytosanitary endeavor. Main topics We review PPD, its history and impact on peach production, and the eradication efforts that were conducted for 42 years. Additionally, we review the current knowledge of the pathogen, Xfm, and how that knowledge relates to our understanding of the peach—Xylella pathosystem, including the epidemiology of the disease and consideration of the vectors. Methods used to detect the pathogen in peach are discussed, and ramifications of detection in relation to management and control of PPD are considered. Control options for PPD are limited. Our current knowledge of the pathogen diversity and disease epidemiology are described, and based on this, some potential areas for future research are also considered. Conclusion There is a lack of recent foundational research on PPD and the associated strain of Xfm. More research is needed to reduce the impact of this pathogen on peach production in the southeastern U.S., and, should it spread internationally, wherever peaches are grown.

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