<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>Digitalization causes structural changes in the economic sectors and influences business activity and processes, leading to the companies’ increased productivity, competitive advantages and effective development creation and consolidation. This article is purposed to substantiate that the economy digitalization entails the need for companies’ system and mechanisms modernization to ensure their competitiveness and to improve management systems. The research is conducted using methods of theoretical generalization, analysis, synthesis, comparison and grouping. This study resulted in defining both global and Ukrainian economies’ trends for digitalization with a description of its impact on the business activity and business processes, assessing the economy digitalization effects to the requirements for the company’s information system that therefore serves to establishing directions for its modernization through the introduction of digital technologies, such as Electronic Data Interchange, Extensible Business Reporting Language, BigData, Internet of Things, Robotic Process Automation, Artificial intelligence, Real-time Adherence, cloud technologies, blockchain. The directions of companies’ accounting digitalization implementation and development are as flows: changes in the accounting system in terms of its method elements; application of Assets, Liabilities and Capital new digital forms; advanced training in compliance with the requirements for the accounting personnel digital competencies.</p>
</abstract>

Digitalization causes structural changes in the economic sectors and influences business activity and processes, leading to the companies’ increased productivity, competitive advantages and effective development creation and consolidation. This article is purposed to substantiate that the economy digitalization entails the need for companies’ system and mechanisms modernization to ensure their competitiveness and to improve management systems. The research is conducted using methods of theoretical generalization, analysis, synthesis, comparison and grouping. This study resulted in defining both global and Ukrainian economies’ trends for digitalization with a description of its impact on the business activity and business processes, assessing the economy digitalization effects to the requirements for the company’s information system that therefore serves to establishing directions for its modernization through the introduction of digital technologies, such as Electronic Data Interchange, Extensible Business Reporting Language, BigData, Internet of Things, Robotic Process Automation, Artificial intelligence, Real-time Adherence, cloud technologies, blockchain. The directions of companies’ accounting digitalization implementation and development are as flows: changes in the accounting system in terms of its method elements; application of Assets, Liabilities and Capital new digital forms; advanced training in compliance with the requirements for the accounting personnel digital competencies.

Digitalization as a Vector of Information Systems Development and Accounting System Modernization

Department of Information Systems in Management and Accounting

Department of Accounting, Analysis and Audit

Department of Business-Economic and Administration

Studia Universitatis „Vasile Goldis” Arad – Economics Series

This work is licensed under the Creative Commons Attribution 4.0 International License.

Digitalization causes structural changes in the economic sectors and influences business activity and processes, leading to the companies’ increased...

Digitalization as a Vector of Information Systems Development and Accounting System Modernization

Online veröffentlicht: 11. Okt. 2021

Seitenbereich: 18 - 39

Eingereicht: 01. Apr. 2021

Akzeptiert: 01. Juli 2021

DOI: https://doi.org/10.2478/sues-2021-0017

Schlüsselwörter
digitalization, digital technologies, accounting, information systems, IT industry

© 2021 Lyudmyla Chyzhevska et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Digitalization as a Vector of Information Systems Development and Accounting System Modernization

Online veröffentlicht: 11. Okt. 2021

Seitenbereich: 18 - 39

Eingereicht: 01. Apr. 2021

Akzeptiert: 01. Juli 2021

DOI: https://doi.org/10.2478/sues-2021-0017

Schlüsselwörterdigitalization, digital technologies, accounting, information systems, IT industry

© 2021 Lyudmyla Chyzhevska et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Schlüsselwörter
digitalization, digital technologies, accounting, information systems, IT industry