Features of Accounting in the Conditions of Application of Modern Information Technologies

Abstract

Accounting is undergoing constant changes in both legislation and methods of conducting it. Every year the need to improve accounting methods grows. This process is made possible by the growing impact of information technology on the world, the computerization of most routines, the need to reduce the time required to perform typical actions and, as a result, to increase efficiency. Information technology simplifies accounting and increases the efficiency of relevant staff by automating the standardized process. This automation of operations is performed by various types of software. On the one hand, their use greatly simplifies the work of the accountant, which allows him to engage in more creative work, such as the organization and improvement of accounting, more efficient use of time for management decisions. The importance of accounting in identifying, accumulating, summarizing, storing, processing and transmitting information about the business activities of the enterprise and found that it reaches about 80% of the entire database of information used by management to make decisions. The possible benefits of the introduction of automation of accounting processes are investigated and it is established that this will allow: 1) to increase the overall efficiency of the enterprise and control over its activities; 2) reduce the time spent on information processing and remuneration of a particular employee; 3) automate the accrual and payment of wages, inventory, accounting for working capital, the formation of financial and analytical reports, the process of buying and selling goods (works, services) and more; 4) timeliness of management decisions. Research shows that the current accounting system needs to be reformed because it is currently focused on mechanized accounting and requires a push for automation by the authorities.