Information technologies in the improvement of accounting

In contemporary conditions, the processes of digitalization are gaining particular significance. Digitalization is becoming the main trend in the development of the economy and society. The digitalization of accounting and analytical processes not only reduces labor costs for routine operations but also facilitates effective management decisions through the optimization of business processes. The article explores the essence of accounting, cyberspace, network society, and accounting information. It highlights the importance of information and communication technologies and digital technologies for the future development of accounting. The article presents directions for improving accounting, including the use of cloud technologies, big data, blockchain, and integrated reporting. These technologies should be selected based on a cost-oriented approach, which allows for determining target indicators of an organization's financial and economic activities and then choosing appropriate digitalization tools and technologies. Unjustified implementation of digital technologies could lead to increased costs and negatively impact the financial condition of the operating entity.