The role of accounting in the development of the digital economy

As a result of reforms aimed at modernizing and diversifying sectors of the economy, radically increasing the role of small business and private entrepreneurship in the economy, and further improving the investment climate, the country is achieving stable growth rates.

Today, the use of advanced information technology in various areas of activity, in particular in accounting, is becoming increasingly important, which is a key component of any facility management system. The development of the digital economy requires the improvement of modern information and telecommunication technologies, which will create new opportunities for accounting. The use of information technology helps to increase the competitiveness of organizations by reducing costs, reducing the impact of the human factor and speeding up work.

Analysis of the literature on the subject. Economic development, population growth, limited resources, the need to use them wisely, and the proliferation of information all contribute to the need to digitize the economy. Today, the "digital economy" is rapidly entering the procurement of consumer goods, consumer services and, in general, in all sectors of the economy, including industry, agriculture, health, education and upbringing. Our foreign scholars on digital economy have also said the following.

Table 1

Different approaches and definitions of the digital economy1

И. А. Гасаншин. «Цифровая экономика» – М.: Горячая линия, 2019. – С. 54–55

Research methodology: The research process used a systematic approach, abstract-logical thinking, grouping, comparison, factor analysis, sampling.

Analysis and Conclusions : It is well known that today the digital economy also plays an important role in creating added value. Different algorithms, processes and digital information are becoming a key factor in the strategic development of corporate business. Digital non-financial factors determine the competitiveness of banks and affect their efficiency. The development of the world economy and information technology has also laid the foundation for the development of accounting.

In modern society, the main technical tool of information processing technology is a personal computer. In many organizations, accounting is done using special software products designed to conveniently store information, create documents and reports, and analyze accounting information. They allow accountants to manage interconnected accounting departments, and executives can access up-to-date information and make management decisions. Accounting automation significantly simplifies the work of accountants and provides the following advantages over manual processing of information.

Table 2

Advantages of digitalization of accounting

Today, 1C is a leading company in the delivery of accounting software. The company's product "1C: ACCOUNTING" allows you to adjust the parameters of accounting policy, create primary documents, prepare reports, adjust the catalogs in accordance with the requirements of accounting in organizations, taking into account the specifics of the organization.

Conclusions and Recommendations: In conclusion, digital technologies are very important in creating and maintaining databases in enterprises. Correct and systematic maintenance of accounting records in enterprises and the correct implementation of accounting entries require a lot of precision, and in a broad sense, digital technologies help us to reduce errors and easily correct them, reducing the importance of the workplace and the tool. to increase the efficiency, regular control of operational accounts and reports, accurate calculation of product costs and calculations, ensuring the rapid circulation of financial information and documents, the correctness of accounting and tax reporting and accounting costs; Digital technologies help us a lot in saving.

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