Implementation of cloud technologies in accounting in Ukraine

Abstract

The necessity to adapt the accounting system to the requirements of the digital economy is shaping new standards for processing, storing, and analyzing financial data. The implementation of cloud technologies in the accounting practices of Ukrainian enterprises is considered a key modernization direction, enhancing the flexibility, efficiency, and transparency of financial information. Increased business process mobility, distributed team structures, and the growing need for integration of management and accounting functions underscore the urgent need to explore the capabilities and limitations of cloud-based solutions in accounting. The aim of the article is to substantiate the conceptual foundations and practical mechanisms for integrating cloud technologies into the accounting systems of Ukrainian enterprises, taking into account the challenges of digital transformation. Methods. The study applies comparative analysis, a systems approach, generalization, and regulatory analysis, which enables a comprehensive examination of the technical, legal, and organizational aspects of the issue. Results. The research explores the main areas of digital transformation in accounting, including process automation, integration with management modules, analytical functions, and data protection. It has been established that cloud-based information systems offer a high level of adaptability in accounting processes but are accompanied by risks related to insufficient legal regulation, lack of platform certification, limited staff competencies, and low compatibility with public digital services. Scientific novelty lies in the specification of the functional advantages of cloud technologies in the accounting context, as well as in the classification of implementation barriers in Ukraine by technical, legal, and institutional characteristics. Conclusions.The study justifies the need for a phased adoption of cloud solutions alongside the modernization of regulatory frameworks and educational programs. Practical recommendations are proposed to harmonize national regulation of cloud technology usage with international security standards, promote the certification of services, improve accountants’ digital competencies, and support the development of a cloud-based accounting ecosystem. Prospects for further research include the development of methods for evaluating the effectiveness of accounting transformation, risk modeling in cloud environments, and studying the adaptability of cloud technologies for small and medium-sized enterprises under resource constraints.