On the transformation of the cost accounting system in the digital environment

The costs of an economic entity are one of the indicators of efficiency of financial-economic activity, which under competition and limited resources confirms the relevance of finding novel ways and methods to optimize their level. The aim of the article is to explore the possibility of transforming the cost accounting system by integrating advances in information technology into it. The study uses scientific methods of knowledge such as analysis, comparison, interpretation and systematization. The improvement of accounting processes is made through the forms of the digital environment - automation, digitalization and digital transformation, implemented at the expense of software products. A clear distinction is made between these categories. In practice, the provision of forms of digital environment is carried out at the expense of software products, namely, information systems and digital platforms. In selecting the latter, the need to decompose the total costs into transformational and transactional parts is justified. It is indicated that the introduction of digital technology in the accounting organization facilitates the rapid availability of relevant cost information. In addition to the merits of digital environment technologies, limitations have been identified that need to be anticipated and taken into account in their implementation.