DIGITAL TRANSFORMATION IN ACCOUNTING PRACTICES

Abstract

Abstract- Digital transformation has significantly reshaped accounting practices by integrating advanced technologies such as Artificial Intelligence (AI), cloud computing, Big Data analytics, blockchain, and Enterprise Resource Planning (ERP) systems into traditional accounting functions. This transformation has improved accuracy, efficiency, transparency, and speed in financial reporting and decision-making. Modern accounting systems are now automated, real-time, and data-driven, reducing manual errors and enhancing financial control. This paper explores the concept of digital transformation in accounting, its key technologies, applications, benefits, challenges, and future trends. It also highlights how digitalization is redefining the role of accountants in contemporary business environments.

Keywords: Digital Accounting, Cloud Accounting, Artificial Intelligence, Blockchain, ERP Systems, Big Data, Automation, Financial Reporting.