Analysis and development of digital accounting transformation

The article carries out a comprehensive analysis of methodology of digital accounting transformation, defined by rapid development of information and communication technologies, which fundamentally changes modern economic systems. The essential characteristics of digital transformation of accounting as a strategic imperative, going beyond simple automation of business processes are investigated. The scientific novelty consists in a non-standard method of solving tasks, such as forming an objective picture of the company’s economic activity and property status through timely preparation of regulated financial statements. The new methodology of digital accounting transformation is proposed, which radically changes information and communication technologies of production, management and document circulation, leading to transformation of business models in economy and revision of organizational processes. Transition to the current, proposed new methodology of digital accounting transformation not only optimizes and automates routine operations, but also creates fundamentally new possibilities for in-depth forecasting and financial state planning, strategic planning and control of financial threats. Based on the results (research work of students-undergraduates) obtained studies on application of new methodology of digital transformation of accounting, it can be concluded that it is necessary to make gradual adjustments in terms of adaptation of staff, ensuring information security and compliance with legal regulations.