The results of the research concerning transformation directions of the accounting and reporting system were highlighted and the modern model of the accounting system based on the use of new information technologies for record keeping and compilation, processing and publication of reports was substantiated in the article. The accounting-and-reporting process of the economic entities should take place in light of the methods development of communication and transformation of network functions of management and monitoring of economic information to potential users as part of the transition to the information society, formation of a digital economy. This would ensure the realization of global social purpose on effective capital allocation in the context of the principles of sustainable development. It was substantiated that the organizational-and-managerial aspects of accounting should correspond to its purpose and digitalization of business-processes of the modern economic system. The ability of the institute of accounting to develop, modify and transform in the process of its historical development was proved. The vector of institutional changes in accounting connected with the social-and-economic development of society, due to the influence of which the accounting paradigms changed, the concentrated expression of which reflected the methods and forms of accounting reflection of economic processes was determined. Modernization of the accounting and reporting system involved the use of computers and network technologies in the accounting-and-reporting processes, but it was a mistake to consider automated or cloud-computer forms of accounting as independent. It was appropriate to consider them exclusively as a set of software algorithms and as integrated processing of accounting data within certain configurations in the process of accounting information processing allowing you to create multilevel reporting. It was proved that innovative processes in accounting were conditioned by the necessity to create a public information resource on business for decision-making by all interested persons. Because of this, innovative activity in accounting was determined not only by the introduction of new information-and-communication technologies, but also by changes in organizational and managerial aspects in the accounting system, including improving of financial reporting standards, which in practice was reflected in accounting policy of the enterprise. In conclusion, all of this would help to ensure quick access of the potential users have to relevant reporting information and a reliable relationship between them. Development of the innovative model of the organization of accounting and reporting was done, which provided the use of cloud technologies in several variants: independent upload of reporting data generated with the help of specialized software products; data maintenance of current accounting according to the conceptual model EaaS, in which they are returned to the user in a processed form by the results of uploaded data to the "cloud". The first variant required compliance with the requirements of integration and optimization of existing software products with "cloud software". The second variant allowed you to receive a number of benefits for the economic entities: access to free software, automatic generation of reports from uploaded primary data; protection against unauthorized changes; reduction of transaction costs; open display of information. This would allow to implement the principle of disclosure of the financial reporting established by domestic legislation in practice and to build the accounting-and-reporting process according to the exchange standard of business information XBRL. It was proposed that at the state level, the owner of such "cloud" should be a public authority body which is responsible for compiling national accounts. "Cloud accounting" would allow bringing the indicators of the national accounts system closer to the real ones, automating their formation and monitoring, as well as carrying out planning, monitoring and analysis of the level of economic development of the industries, administrative territories, and the country as a whole. The absence of expenses for receiving of reporting data; use of information in real time regime; monitoring the activity of economic entities would be the obvious advantage for the potential users. It was proved that cloud-reporting could become a tool of society's influence on the efficient capital allocation and its use in the context of the principles of sustainable development.
Volume 12 | 07-Special Issue
Pages: 397-404
DOI: 10.5373/JARDCS/V12SP7/20202121