DIGITALIZATION OF ACCOUNTING IN UKRAINE: STATE AND PROSPECTS OF DEVELOPMENT

Abstract

The digital environment requires certain transformations in all spheres of socio-political life, as well as in the management of economic processes, document management and reporting. The world is becoming more digital, automated, and it needs some renewal in governance. Businesses need to change their innovation processes through the introduction of new technologies, planning improved business strategies. Due to the development of digitalization, companies must manage and accept technological change. During the digitalization management should not be applied unchanged, it should be adapted to modern challenges and a new philosophy, to transform its functions (analysis, planning, organization, motivation and control). Digitalization is playing an important role in decision-making and project management and is becoming increasingly analytic-oriented. Virtually everything the company's team does can now be tracked and evaluated as a result of digitizing workflows. This made it possible to prove the relevance of the use of digital technologies in accounting operations. The article considers the conceptual issues of the state and prospects of development of digitalization of accounting in Ukrainian business. It was proved that the introduction of information technology in the enterprise management system guarantees a reduction in information processing time, reducing the number of management staff, providing management with quality information, timely and quality diagnostics of business activities, speeding up management decisions. In the article was identified the theoretical principles and scientific approaches to the formation of the hypothesis of digital development of accounting, that helped to form an author's interpretation of the definition of "digitalization of accounting". Also, was substantiated the phases of creation the digital accounting system. The study identified systemic shortcomings that hinder the active introduction of digitalization in accounting.