id: 36755
Назва: Digital technologies in accounting and reporting: benefits, limitations, and possible risks
Автори: Yarmoliuk O., Abramov A., Mulyk T., Smirnova N., Ponomarova N.
Ключові слова: Accounting practices, digital technologies advantages, limitations, risks
Дата публікації: 2024-07-29 12:40:33
Останні зміни: 2024-07-29 12:40:33
Рік видання: 2024
Аннотація: Digital technologies are the need of the hour in the accounting field in the current 4th industrial revolution. Digital transformation positively and negatively affects all areas of business. The new technologies are disrupting the accounting field. Digital transformation is pressuring accounting practitioners and accounting graduates to learn digital skills. Despite the emergence of new technologies in the accounting field, it is unfortunate that not much is known concerning the impact of digital technologies in the accounting field. This paper critically examines the contribution of digital technologies in accounting and reporting focusing on its advantages, limitations, and possible risks. A systematic literature review methodology, inductive approach and thematic analysis was adopted. Despite the limitations of digital technologies in accounting like poor data governance systems, cyber-attacks, and infringement of privacy, it emerged that digital technologies play a significant role in the provision of real-time accounting data and information, automation of routine accounting activities, visualization of accounting information, augmenting big data analysis, and eliminating errors as well as improving efficiency in accounting. Digital technologies are transforming the accounting arena by boosting efficiency and effectiveness. We recommend accounting professionals, practitioners and policy makers should invest in new accounting digital technologies.
URI: http://socrates.vsau.edu.ua/repository/getfile.php/36755.pdf
Тип виданя: Статті Web of Science
Видавництво: Amazonia Investiga. 2024. Vol. 13, Issue 74. P. 323-333. DOI: https://doi.org/10.34069/AI/2024.74.02.27
Розташовується в колекціях :
Ким внесений: Адміністратор
Файл : 36755.pdf Розмір : 1099427 байт Формат : Adobe PDF Доступ : Загально доступний
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