This study examines the transformation of the accounting profession that will occur under the influence of the Fourth Industrial Revolution of the economy of the future. The presented paper firstly shows how the revolution may drastically change accounting as well as the accounting profession; secondly, the possibilities of accounting methods in accounting practice under the influence of the factors of the Fourth Industrial Revolution; thirdly, the robotization of accounting procedures; fourthly, accounting procedures the organization of which is not subject to robotics. Finally, despite significant changes in the accounting profession, it is proven that it will remain the same, especially in part of the organization's processes, since artificial intelligence or robotics cannot make managerial decisions on the organization of accounting apparatus, cannot perform certain accounting work and apply accounting methods in accounting processes.

The article is devoted an important role the Institute of Accounting in the modern economy. This role is supported by unique institutional and informational opportunities determined by its specific characteristics. On the one hand, accounting is the legislative and normative institution through which the controlling and regulating institutions influence the economic processes occurring at each enterprise. On the other hand, the accounting system creates an information database on the actual economic activity of each enterprise required by users. Such a database is formed due to the fact that accounting is an exclusive registrar of business activities: documentation, inventory, assessment, calculation, accounts, double-entry bookkeeping, balance, reporting. These methods have such a mathematical feature that has made it possible to fully them with the latest information technologies. All of these factors allow accounting to provide transparent accounting information to any users and institutions.

No abstract