ASSESSMENT OF THE IMPACT MADE BY THE DIGITAL TRANSFORMATION OF THE ACCOUNTING SYSTEM ON THE DECISION-MAKING SYSTEM OF THE ENTERPRISE

Abstract

The fourth industrial revolution has brought new challenges into the economic entities' life, due to increasing the volume of information and accelerating the decision-making process. Given this, a hypothesis was put forward about the necessity to estimate the readiness level of the accounting system to the digital transformation. The purpose of the article is to develop an approach that could estimate the impact of the digital transformation on an enterprise accounting system and could improve the way of making strategic and operational decisions. The two sets of indicators for estimation of the enterprise readiness to digital transformation and estimation of the maturity level of the accounting organization have been offered. The strategic matrix for the interpretation of the result of the offered indicators level estimation has been presented. This strategic matrix was based on the parametric method of the indicators normalization. The fuzzy inference logic was used for the initial calculation of the offered indicator values. Introduction. Legislative accounting in many countries is the basis for decision-making by interested users. For example, according to Ukrainian law that regulates accounting and financial reporting 1 , the main aim of accounting is to give the information to the different types of interested users. To be fair it must be said that not all countries legislation declares such orientation of accounting information. However, accounting information is the main source for making any types of decision. Depending on your country's accounting model, only the prevailing orientation of accounting information can be changed. It is well known the existence of different accounting model 2 , such as British-American model (mostly based on the influence from professional accounting organization) and Continental European Model (has a tremendous reliance on government and connections with banking sector). Although the main aim to provide financial information about the economic entities' activities is only shown in the British-American model, the Continental European Model also could help in making the decision. The Continental European Model is oriented on the priority of tax collection, controlling the accounting rules established by the government, end on the usage of the unified national plan of accounts. So, this accounting model mostly oriented on satisfying the informational requests from external stakeholders. Despite this fact, both accounting models are facing new challenges of the fourth industrial revolution. Thus, they require some improvement that could allow accelerating the decision-making process within the enterprise management. This type of improvement is impossible without understanding the possibility of the enterprise to provide the digital transformation of its accounting system. The objective existence of request for quantitative assessment of enterprise readiness for accounting transformation has determined the goals and relevance of the article.