Digital transformation of accounting: the impact of technologies on the efficiency and quality of financial reporting

Abstract

Digital transformation in accounting has come a long way from the days of complex calculations and paper documentation. The industry is currently being transformed by digital technology and innovation. The article reveals the role of digital transformation in accounting, pointing to changes not only in the technical aspects of data processing, but also in strategic approaches to doing business. The introduction of digital tools and automated processes allows enterprises not only to adapt to the competitive environment, but also to increase the efficiency and quality of their work. The article examines the technologies that affect this process, notes their advantages and points to key aspects of implementation. She emphasizes the importance of understanding the essence of these technologies to achieve better financial management and increase the company's competitiveness. It also emphasizes that digital transformation requires changes in organizational culture, staff skills, and compliance with legal and regulatory standards. Both the importance of implementing technologies and the requirements for companies to invest, train staff, and transition to new processes in the area of accounting are highlighted.