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Prospects for Improving Accounting through Digital Technologies

In: The Sustainable Development of the Entrepreneurial Economy in the Fifth Industrial Revolution

Author

Listed:
  • Nodira B. Abdusalomova
  • Nafosat B. Abdusalomova
  • Farkhod T. Abduvaxidov
  • Furkat T. Temirov
  • Ramazon A. Abdurakhmanov

Abstract

This research explores promising areas for integrating digital technologies into accounting, examines the challenges of implementing artificial intelligence within accounting systems, optimizes strategic decision-making processes, and addresses issues related to the organization of business operations. Additionally, the research analyzes the current state of digitization processes and determines the advantages of automatization of accounting and analytical functions. The authors examine the prospects for introducing digital technologies into accounting practice, including the automation of routine operations, the use of artificial intelligence for data processing, and the capabilities of blockchain technologies to ensure the reliability and security of accounts. As in all industries, automation of accounting functions is becoming increasingly important. Accordingly, this proposal will help reduce errors and improve the decision-making process. The research also analyzes the existing challenges and problems associated with the integration of new technologies into traditional accounting systems, including issues of employee adaptation and information security. The authors highlight the main advantages of digitalization, such as improved reporting quality, optimization of internal business processes, and reduced operating costs. In conclusion, the authors emphasize that the prospects for improving accounting based on digital technologies open up new horizons for business, contributing to its development and competitiveness in the market.

Suggested Citation

  • Nodira B. Abdusalomova & Nafosat B. Abdusalomova & Farkhod T. Abduvaxidov & Furkat T. Temirov & Ramazon A. Abdurakhmanov, 2026. "Prospects for Improving Accounting through Digital Technologies," World Scientific Book Chapters, in: Elena Popkova & Gulnora Abdurakhmanova (ed.), The Sustainable Development of the Entrepreneurial Economy in the Fifth Industrial Revolution, chapter 47, pages 551-562, World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9789819802920_0047
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    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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