ISSUES OF IMPROVING ACCOUNTING IN THE DIGITALITY OF THE ECONOMY

Abstract

The digitization of the economy is changing accounting, and businesses must adapt to new technologies and tools to remain competitive in the digital age. This article reviews the literature on the challenges and opportunities for improving accounting in the face of digitization and explores several key themes, including developing new skills and expertise, implementing robust cyber security measures, developing a digital strategy, collaboration and emphasizes the importance of developing communication. between interested parties. The article discusses how to improve accounting practices in the context of digitization, including investing in employee training and development, developing a digital strategy, implementing robust cybersecurity measures, fostering collaboration and communication, evaluating new accounting software and tools, suggestions are made for developing effective data management strategies. and ensure compliance with relevant regulations and standards. By following these suggestions, businesses can improve their accounting and financial reporting in the face of digitization and remain competitive in the changing landscape of the digital economy.