ACCOUNTING IN THE AGE OF DIGITALIZATION: CHALLENGES AND OPPORTUNITIES

Abstract: The transition from physical to electronic documents, along with the shift from an economy reliant on physical and manual resources to one where technology plays a central role, has significantly impacted the accounting practices of organizations. The integration of the internet for communication and transactions, as well as the incorporation of smart technologies into business processes, has transformed how entities manage their financial operations. This article aims to highlight that advancements in technology not only enhance efficiency in the accounting sector but also redefine value delivery. Keywords: accounting, economics, digitalization, business, cloud