The impact of digitalization on management accounting of small and medium-sized enterprises

Abstract

Traditional management accounting no longer meets the changing business environment and the need for managers to respond quickly and make decisions as quickly as possible in the conditions of digitalization. Management accounting is used for effective and targeted decision-making at various levels of management. Meanwhile, digitalization in companies accelerates and simplifies the generation of this information. Thus, an attempt to combine these two areas of research - management accounting and digitalization – can lead to results that will facilitate business operations in a changing environment.

The purpose of the article is to reveal the impact of digitalization on management accounting of small and medium-sized enterprises. The goal is achieved by revealing the importance of digitalization and its value for the organization, revealing the value of management accounting for the organization by analyzing the levels of digitalization in the organization, the levels of implementation of management accounting and determining the levels of impact of digitalization on changes in management accounting in small and medium-sized enterprises, preparing conclusions on the impact of digitalization on changes in management accounting.

The theoretical basis of the study is the scientific works of foreign and domestic scientists on the issues of digitalization of management accounting at enterprises, research on trends in the formation of a digital society and determining the degree of readiness of Ukraine for the implementation of digitalization processes, features of the information system of management accounting in the conditions of digitalization of the economy.

The key scientific result of the study is the justification of the impact of information technologies on the compliance of the accounting and management accounting system with the business environment, the possible levels of application of management accounting at enterprises are determined, which in turn corresponds to the levels of impact of digitalization on management accounting and determines the impact of digitalization on changes in management accounting in small and medium-sized enterprises.

After all, for effective business management, managers must quickly respond to changes and use management accounting systems for accurate cost analysis. In conditions of large information flows, IT solutions will help provide high-quality data for decision-making, which is especially important for small and medium-sized businesses.