Digital accounting: innovative technologies cause a new paradigm

Abstract

The article is dealing with the concept of “digital accounting", highlights its historical origins and current discourse in the contextual relationship and interdependence of accounting and information technology. Accordingly, the issues of rethinking the role and place of accounting in the digital economy, the study of changes in its semantic, methodological and conceptual principles under the influence of the growth of information potential of the digital economic space become relevant. Since the modern period is a qualitatively new stage in the development of accounting, which in all its aspects is undergoing of significant changes, it should accordingly lead to the transition to a new digital accounting paradigm.

Exploring the impact of digital accounting and digital zakat on improving business sustainability in the Middle East and Malaysia

“…Their research provided insight into how digitalization improves resource allotment, simplifies processes, and helps organizations achieve their sustainability goals. Moreover, the use of digital accounting not only improves productivity but also makes it easier to report financial and sustainability data accurately and on time (Lutfi et al, 2022;Spilnyk et al, 2022). This is essential in the current corporate environment, where stakeholders, such as investors, customers, and regulatory agencies, are calling for greater responsibility and transparency in relation to sustainability activities (Al-Okaily et al, 2023).…”

“…Organizational efficiency is further increased by the decreased manual effort and time spent on repetitive operations, which also helps to cut operational costs. Moreover, the facilitation of accurate financial reporting by digital accounting systems has a beneficial ripple effect (Spilnyk et al, 2022). An organization's resource allocation may be improved with the use of accurate financial data.…”

Designing Pomelo Citrus Farmers Logbook as a Solution for Monitoring Sustainable Agriculture in Pangkep Regency

“…Rapid technological advancements have revolutionised the documentation paradigm by substituting the manual process of paper-based or document-based recording with a more efficient method [11], [12], [13]. An extensively used manual recording process is the Logbook, also referred to as an event logbook.…”

Examining the Determinants of Mobile Accounting App Acceptance Among Saudi Wholesalers: An Empirical Investigation Using the UTAUT2

“…Their methodology streamlines sales and distribution for wholesalers and improves client convenience. This allows wholesaling enterprises to use cloud accounting and mobile accounting technologies like smartphones and mobile devices at the point of sale (POS) for financial transactions Shaikh et al, 2022;Spilnyk et al, 2022). Due to mobile and communications technology advances, wholesalers are integrating MAAs into their logistical systems (Chopdar et al, 2022).…”