ASSESSMENT OF THE USE OF CLOUD TECHNOLOGIES IN ACCOUNTING AS AN INNOVATIVE TOOL

Abstract

The purpose of the work is to determine the main levers for the application of cloud technologies in accounting as an innovative tool.The methodology used in the work consists of identifying effective means of automatic data collection and tax reporting, as well as uploading bank statements in the required format. It has been established that developers of so-called digital asset technologies and software products require constant training and some testing of all service organization processes.The scientific novelty of the work lies in identifying information literacy and effective financial management as key factors in increasing the level of financial stability and independence in the context of the development of the cloud environment.Conclusions. It has been proven that financial awareness and effective financial management are key factors in achieving financial stability and independence, and therefore, with the help of cloud technologies available to us today, creating innovative tools that promote effective financial management is a necessary tool for the effective functioning of an enterprise. The main advantages of using cloud technologies in management accounting are investigated, taking into account the relevance of data protection issues, company efficiency, efficiency and mobility of management decision-making. The requirements for training and advanced training of industry specialists are considered. The peculiarities of the domestic, European and global markets, in particular legislative requirements and accounting standards, are analyzed. The criteria on which the organization of the accounting system in the cloud environment depends are substantiated. The current aspects of the creation and implementation of cryptocurrency as one of the digital assets that occupy a certain place in the formation of modern accounting and auditing, which is considered as one of the possible types of digital currency, which is designed to perform the functions of ensuring optimality and efficiency, are investigated. The main components of the functionality of software products to simplify accounting were analyzed. The functionality of software products, the features of working with different types of organizations, companies, enterprises, their interaction, integration with financial institutions, for effective optimization of data exchange between companies and specialists were studied.