Digital Innovations in Accounting: A Comprehensive Examination of the Effects of Technology on Information Systems and Financial Management in Enterprises

Abstract

The accounting profession has seen tremendous change as a result of the rapid advancement of digital technology, which has a dramatic effect on information systems and corporate financial management. This thorough analysis explores the various ways that these digital advancements have changed the accounting industry. The study's technique involves distributing a questionnaire to 252 respondents from about 120 different organizations. According to the analytical method, the researchers evaluated the condition of accounting systems and digital transformation (DT) throughout the business context by first applying pre-existing knowledge and hypotheses. The results indicate that the surveyed persons needed a higher degree of knowledge regarding the importance of digital transformation. Furthermore, it was discovered that the efforts to create an accounting information system that complied with the demands of the digital transition needed to be increased. These shortcomings were ascribed to several noteworthy difficulties preventing advancement in this field.