Development stages of accounting automation

This article discusses the development stages of accounting automation. Particularly, the five stages have been distinguished as follows: (1) linked to mechanization of accounting, using of card centers and perforated cards; (2) characterized by machine accounting cardless system; (3) emphasizes the complex of machine-oriented accounting forms; (4) associated with the use of personal computers and automated information accounting systems; (5) the creation of integrated automated management systems that accumulate accounting, tax, management accounting and budgeting modules. All this allows to create enterprise’s single information space. Studies have shown that only the integrated development of conceptual accounting models transformed into mathematical and algorithmic models, combined with information technology, allows to raise accounting to a higher level. Thus, the development of information technology and the digitalization of the economy make it possible to change the functions performed by accounting services and turn accountants from information entry operators into economists-controllers and users of information.