Українська
Poprozman, N., Borkovska, V., Balla, I., Korkushko, O., & Humeniuk, I.
(2025).
The role of accounting in ensuring the financial stability of enterprises.
Economics of Development,
24(1),
107-117.
https://doi.org/10.63341/econ/1.2025.107
English
Article
The role of accounting in ensuring the financial stability of enterprises
Received 05.12.2024, Revised 03.02.2025, Accepted 25.03.2025
Abstract
The purpose of the study was to analyse the impact of the settlement accounting system on ensuring the financial sustainability of enterprises in the context of the digital transformation of the economy. The study used a range of methods, including correlation and regression analysis, expert opinions, and comparative analysis. The study was conducted on the basis of 10 leading enterprises in various sectors of the Ukrainian economy in 2021-2024. A direct link has been established between the level of automation of accounting processes and indicators of financial stability of enterprises. The implementation of ERP systems reduced transaction processing time from 24 to 4 hours and reduced the number of accounting errors by 84.6%. Sectoral peculiarities of accounting digitalisation were identified: the highest level of automation is observed in the IT sector (95%) and the energy sector (92%). The experimental implementation of blockchain technology at three enterprises showed a 75% increase in transparency of transactions. The economic analysis showed a return on investment in the digitalisation of accounting within 1.5-2 years, with a 50.3% reduction in operating costs. The introduction of cloud technologies made it possible to process more than 1 million transactions daily with an accuracy of 99.98%. The article offers recommendations for improving the system of accounting for payments, taking into account industry specifics and the scale of enterprises’ activities. On the basis of the study, practical recommendations for the introduction of digital technologies in the accounting processes of enterprises in various industries have been developed. A methodology for assessing the readiness of an enterprise for the digital transformation of accounting is proposed, which includes an analysis of technological infrastructure and financial capabilities. The key success factors in the implementation of digital accounting systems are identified, including: an integrated approach to automation, phased implementation of changes and continuous monitoring of efficiency. Particular attention is paid to the issues of information security and data protection when using cloud technologies and blockchain in accounting for payments
Keywords:
information technology; business analytics; cloud services; economic efficiency; digitalisation
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