The Transformation of the Accounting Profession in the Digital Age: An Analysis of XBRL Standards and Financial Reporting Visualization Tools

This paper examines the transformation of the accounting profession, focusing on the evolving role of accountants in the digital era. As digital technologies automate traditional accounting tasks, the profession must redefine its relevance within modern organizations. Accountants are increasingly expected to combine financial expertise with technological competence, participating in the development of accounting information systems and using digital tools for the preparation, analysis, and visual presentation of financial data. These changes reinforce the importance of collaboration between accountants and management in data-driven decision-making processes. The paper presents empirical findings on the digital readiness of accountants in the Federation of Bosnia and Herzegovina (FBiH). It analyses their competencies, the extent of organizational support for digital training, and the adequacy of the educational framework in preparing them for technological transformation. The results provide insights and recommendations aimed at strengthening the strategic position of accountants in the digital environment. Moreover, the study highlights the blurred boundaries between accounting and information technology, where new responsibilities lack clear professional ownership. It argues that accountants should view digitalization not as a threat, but as an opportunity to expand their professional influence and reaffirm their role in shaping the future of the accounting profession.