Technology and Organization of Accounting: Recent Changes

Abstract

The article is concerned with the substantiation of approaches to the rational organization of accounting in modern conditions. It is established that the institutional basis for the development of socio-economic phenomena logically sets the problem of the need to reform accounting as a technological aspect, where some changes will occur in the operational information system. It is proved that the institutional model of accounting should be aimed at a significant increase in the efficiency of mechanisms for implementing rules and bridging institutional gaps. It is revealed that current trends in the development of society and business, the existing challenges and risks that have arisen as a result of ill-conceived management at all levels of management require the urgent development of a concept for the further development of accounting, which should significantly simplify it based on the European principles of standardization and harmonization of accounting.