Transformation of accounting in the digital economy and prospects for its development

Abstract

The article examines the features of digital economy, analyzes its implementation in the Republic of Kazakhstan with the study of domestic and world statistics. The authors present the technologies and methods of digitalization of accounting. The paper presents the blockchain technology, a flowchart of the technology is given, its features, advantages and problems of implementation are analyzed. Blockchain technology makes it possible to apply in accounting procedures such as triple entry, digital audit, smart contracts, cloud data storage, use of transactions, exclusion of unconfirmed expenses and others. Along with the undoubted advantages of using blockchain technologies, it is necessary to name a number of problems related to their implementation, primarily in the field of regulatory support, ensuring the availability of competent specialists, as well as their training, investment and management systems. The authors propose directions for the introduction and development of digital technologies in accounting, including changing the accounting system, using a digital asset, expanding the qualitative and quantitative characteristics of «leased assets«, the use of new digital currencies, and improving the skills of accounting personnel. Currently, it is necessary to actively develop the use of digital technologies in the field of accounting, since this is becoming one of the necessary conditions for maintaining the competitiveness of organizations.The purpose of this article is to study the main indicators of the development of the digital economy in the Republic of Kazakhstan, to analyze the problems in the field of digitalization in accounting, as well as to identify the main ways and factors of the development of digital accounting.