The Application of Modern Digital Technologies in Accounting
DOI:
https://doi.org/10.52171/herald.434Keywords:
digital transformation, accounting, artificial intelligence, cloud computing, big dataAbstract
This article examines the role of modern digital technologies in accounting within the broader framework of digital transformation. It argues that digital transformation is not limited to technological upgrades but represents a fundamental restructuring of organizational processes, decision-making mechanisms, and value creation models. The study highlights key technologies such as cloud computing, artificial intelligence, big data analytics, blockchain, ERP systems, and robotic process automation, emphasizing their integrated impact on accounting practices. These technologies enhance operational efficiency by reducing manual errors, enabling real-time data processing, and improving analytical capabilities. Furthermore, they transform accounting from a record-keeping function into a strategic decision-support system. The article also discusses the importance of cybersecurity and organizational culture in ensuring successful digital transformation. It concludes that digital technologies are reshaping the epistemological foundations of accounting, requiring professionals to develop analytical, technological, and data-driven competencies in order to remain relevant in a rapidly evolving business environment.
References
1. Lagarde, C. (2018). Digitization of money and finance: Challenges and opportunities. IMF Speeches, 1–8.
2. Warner, K. S. R., & Wager, M. (2019). Building dynamic capabilities for digital transformation: An ongoing process of strategic renewal. Long Range Planning, 52(3), 326–349. https://doi.org/10.1016/j.lrp.2018.12.001
3. Icerli, M. Y., & Ozbek Kabadayi, T. (2025). Buyuk veri ile muhasebe sureclerinin donusumu: Yeni uygulamalar ve yontemler [Transformation of accounting processes with big data: New applications and methods]. Nevsehir Haci Bektas Veli Universitesi SBE Dergisi, 15(3), 1364–1378.
4. Meraghni, O., Bekkouche, L., & Demdoum, Z. (2021). Impact of digital transformation on accounting information systems: Evidence from Algerian firms. Economics and Business, 35(1), 249–264.
5. Nouman, A., Rizwan, M., & Awan, F. (2025). Thematic review of cloud accounting and cloud ERP systems in SMEs: Digital transformation, performance, and sustainability. European Economic Letters, 15(3), 1–18.
6. Abbasov, E.E. (2026). Design of cloud-based healthcare information systems: Architecture, security, and performance modeling. Herald of Azerbaijan Engineering Academy, 18(1), 1–8. https://doi.org/10.52171/herald.405
7. Kilinc, Y. (2020). Blockchain teknolojisi: Muhasebe ve denetim meslegi acisindan bir inceleme [Blockchain technology: An investigation in terms of accounting and auditing profession]. Muhasebe ve Vergi Uygulamalari Dergisi, 13(3), 989–1011.
8. Nasirov, E. (2026). AI-Powered Digital Twins for Enhancing Strategic Decision-Making in Smart Manufacturing Systems. Herald of the Azerbaijan Engineering Academy, 18(1), 114–120. https://doi.org/10.52171/herald.277
9. Kokina, J., & Davenport, T. H. (2017). The emergence of artificial intelligence: How automation is changing auditing. Journal of Emerging Technologies in Accounting, 14(1), 115–122. https://doi.org/10.2308/jeta-51730
10. Matt, C., Hess, T., & Benlian, A. (2015). Digital transformation strategies. Business & Information Systems Engineering, 57(5), 339–343. https://doi.org/10.1007/s12599-015-0401-5
11. Vial, G. (2019). Understanding digital transformation: A review and a research agenda. The Journal of Strategic Information Systems, 28(2), 118–144. https://doi.org/10.1016/j.jsis.2019.01.003
12. Westerman, G., Bonnet, D., & McAfee, A. (2014). The nine elements of digital transformation. MIT Sloan Management Review, 55(3), 1–6. https://sloanreview.mit.edu/article/the-nine-elements-of-digital-transformation/
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2026 Hikmat Jabiyev
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
