Digital Accounting in India: Recent developments and improvement towards Business Performance

Authors: Dr. A. ANIL KUMAR

Country: India

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Abstract: The virtual financial system is one of the accelerating drivers for economic growth nowadays. in this regard, the object discusses the concept of virtual financial system, the significance of accounting and its role in the digital financial system; the want for further improvement of theoretical and methodological provisions of accounting, country tasks that have been successfully implemented in the framework of this system regarding accounting; and the transformation of accounting sports inside the digitalization of the economic system.

the main guidelines of accounting modernization within the digital economic system and records society are taken into consideration. virtual literacy is the understanding and capacity of a person to use facts and communique technologies of their daily and expert activities. changes to the accountant’s feature, including synthetic intelligence to accounting operations, Robots, or programs that procedure records.

Keywords: The digital economy-Digital Accounting System-Firms performance

Paper Id: 230763

Published On: 2024-03-06

Published In: Volume 12, Issue 2, March-April 2024

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