Exploring the Role of Digital Transformation in Modern Accounting and Business Practices: A Systematic Review
Keywords:
digital transformation, accounting, automated activities, digitalization stages, competence requirementsAbstract
This systematic review explores the role of digital transformation in modern accounting and business practices. Through an analysis of relevant literature, the study examines the prevalence of automated and routine activities in accounting, the progression of digitalization stages across different areas, and the impact on competence requirements for accounting professionals. The findings reveal a landscape marked by significant shifts, challenges, and opportunities. While technologies such as robotic process automation (RPA) and optical character recognition (OCR) have streamlined processes and enhanced efficiency, they also highlight the growing need for digital literacy and technical skills among employees. Furthermore, there is evidence of a progression in digitalization stages, with activities in financial forecasting and managerial accounting showing a higher proportion of digitalization in stages 2 and 3. Overall, the study underscores the importance of integrating technology-related competencies into accounting education and training programs to prepare future professionals for the digital age and emphasizes the need for organizations to navigate challenges and leverage opportunities effectively in their accounting practices.
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