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Innovative technologies in accounting

Filin S.A. Plekhanov Russian University of Economics (PRUE), Moscow, Russian Federation ( Filin.SA@rea.ru )

Chaikovskaya L.A. Plekhanov Russian University of Economics (PRUE), Moscow, Russian Federation ( сhaik4@yandex.ru )

Satymbekova K.B. M. Auezov South Kazakhstan State University, Shymkent, Republic of Kazakhstan ( satymbekova@mail.ru )

Journal: International Accounting, #4, 2019

Subject The article analyzes cloud technologies and blockchain when they are used for accounting purposes. We also focus on their distinctions, weaknesses and strengths for accounting, including online accounting services for State-financed and outsourcing companies as the promising working environment for accountants.
Objectives The research identifies the specifics of modern information technologies and key advantages of using them in accounting. We also determine and analyze trends in the automation and improvement of accounting processes.
Methods The research employs methods of analysis, synthesis and logic study on the basis of the creative and informative approach.
Results We outline our recommendations for automating and improving the accounting process. Having analyzed the existing trends in accounting developments, we proposed promising aspects for further automation and improvement of financial and tax accounting.
Conclusions and Relevance The use of cloud-based blockchain technologies will open new opportunities for all companies since they may enjoy the convenience of online accounting services due to lower costs, flexibility of services and accessibility of relevant information.


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