Accounting in the digital economy: main changes

Abstract

New technical and technological capabilities, virtualization of value grow factors and the transformation of the information environment supporting business models and ecosystems affect the accounting system as a means of collecting, processing and providing economic information about the activities of economic entities. Accordingly, the issue of rethinking the role and place of accounting and financial reporting in the digital economics, studying the change of its content, methodological and conceptual foundations under the influence of digitalization and new requirements of stakeholders to information content become actuated.