+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»






International Accounting

Evolution of financial reporting under the influence of digitalization

Vol. 25, Iss. 2, FEBRUARY 2022

Received: 20 January 2022

Received in revised form: 1 February 2022

Accepted: 7 February 2022

Available online: 15 February 2022


JEL Classification: М41

Pages: 180–197


Lidiya I. KULIKOVA Kazan (Volga Region) Federal University (KFU), Kazan, Republic of Tatarstan, Russian Federation


Rinaz Z. MUKHAMETZYANOV Kazan (Volga Region) Federal University (KFU), Kazan, Republic of Tatarstan, Russian Federation


Subject. This article explores the historical aspects of the formation of financial reporting, its formation at the present stage and development in the context of digitalization of the economy based on the use of modern information technologies.
Objectives. The article aims to study the evolution and current trends in the development of financial accounting and reporting, identify and solve the problems of presentation and disclosure of information in reporting by economic entities, and identify new areas for improving the format of reports.
Methods. For the study, we used observation, comparison, generalization, and interpretation.
Results. Based on the study of promising areas for the development of financial accounting and reporting related to the emergence of new technologies and digital services, the article offers a 3D model of financial reporting. It is an updated version of the XBRL report format, with additional detailing of information and the application of source accounting documents confirming each accounting event.
Conclusions and Relevance. Currently, the digitalization of the economy, the reform of the accounting and reporting system, the change in user requests have an impact on the structure and content of the financial reporting system. The article substantiates the position that it is advisable to apply a 3D model of financial statements, which can help present information about the activities of an economic entity in a more detailed and visual form.

Keywords: financial reporting, digitalization, XBRL report, 3D model


  1. Rudakova T.A., Semikolenova M.N. [Evolution of accounting information model under conditions of changing economic formations and digitalization of the economy]. Vestnik YuUrGU. Seriya: Ekonomika i menedzhment = Bulletin of South Ural State University. Series: Economics and Management, 2018, vol. 12, no. 1, pp. 108–115. (In Russ.) URL: Link
  2. Yasmenko G.N., Zhuk V.N. [Historical aspects of accounting reporting of economic entities]. Politematicheskii setevoi elektronnyi nauchnyi zhurnal Kubanskogo gosudarstvennogo universiteta, 2014, no. 97, pp. 1111–1117. (In Russ.) URL: Link
  3. Ageeva O.A. Teoretiko-metodologicheskie aspekty bukhgalterskogo ucheta i otchetnosti: monografiya [Theoretical and methodological aspects of accounting and reporting: a monograph]. Moscow, State University of Management Publ., 2008, 200 p.
  4. Zaitsev A.M., Rybakova O.V. [Development of the financial statements of the theory in Russia and abroad]. Aktual'nye voprosy innovatsionnoi ekonomiki, 2016, no. 14, pp. 161–172. (In Russ.)
  5. Sukharev I.R. Stereo-bukhgalteriya: monografiya [Stereo accounting: a monograph]. Moscow, OOO IPTs Maska Publ., 2014, 384 p.
  6. Palii V.F. [Classification of accounts]. Bukhgalterskii uchet = Accounting, 2005, no. 5, pp. 52–54. (In Russ.)
  7. Kovalev A.E. [Classification as the basis of accounting method]. Idei i Idealy = Ideas and Ideals, 2019, vol. 11, no. 1, pp. 175–196. URL: Link (In Russ.)
  8. Kovalev A.E. [Which answer can offer the accounting to the challenges of post-industrial economy?]. EKO = ECO, 2016, no. 4, pp. 179–189. URL: Link (In Russ.)
  9. Karpova T.P. [Directions of accounting development in the digital economy]. Izvestiâ Sankt-Peterburgskogo gosudarstvennogo èkonomičeskogo universiteta, 2018, no. 3, pp. 52–57. URL: Link (In Russ.)
  10. Odintsova T.M., Rura O.V. [Development of types, objects and methods of accounting in the digital economy and information society]. Nauchno-tekhnicheskie vedomosti SPbGPU. Ekonomicheskie nauki, 2018, vol. 11, no. 4, pp. 120−131. (In Russ.) URL: Link
  11. Pyatov M.L., Solovei T.N. [Non-financial reporting: history and modernity]. Bukhgalterskii uchet = Accounting, 2019, no. 5, pp. 81–90. URL: Link (In Russ.)
  12. Rozhnova O.V. [Harmonization of accounting, auditing and analysis in a digital economy]. Uchet. Analiz. Audit = Accounting. Analysis. Auditing, 2018, vol. 5, no. 3, pp. 16−23. (In Russ.) URL: Link
  13. Serebryakova T.Yu., Biryukova O.A., Kondrashova O.R. [Institutional approaches to the management accounting classification]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2018, vol. 21, iss. 2, pp. 204–212. (In Russ.) URL: Link
  14. Kulikova L.I., Gubaidullina A.R. Professional'noe suzhdenie bukhgaltera kak instrument formirovaniya finansovoi otchetnosti: monografiya [Professional judgment of an accountant as a tool for the formation of financial statements: a monograph]. Moscow, Prospekt Publ., 2016, 128 p.
  15. Druzhilovskaya T.Yu., Druzhilovskaya E.S. [Improving  the  financial  reporting of  organizations  in the digital economy]. Uchet. Analiz. Audit = Accounting. Analysis. Auditing, 2019, vol. 6, no. 1, pp. 50–61. (In Russ.) URL: Link
  16. Priobrazhenskaya V.V. [The impact of digital economy on accounting competencies development]. Finansovyi zhurnal = Financial Journal, 2019, no. 5, pp. 50−63. (In Russ.) URL: Link
  17. Bulyga R.P., Safonova I.V. [XBRL as a digital reporting format for economic entities: International experience and Russian practice abstract]. Uchet. Analiz. Audit = Accounting. Analysis. Auditing, 2020, vol. 7, no. 3, pp. 6–17. URL: Link (In Russ.)

View all articles of issue


ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

Journal current issue

Vol. 25, Iss. 7
July 2022