Evaluation of the Effects of Digitization in the Process of Accounting Operations in a Selected Manufacturing Company

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F19%3A10243703" target="_blank" >RIV/61989100:27510/19:10243703 - isvavai.cz</a>

Alternative codes found

RIV/61989100:27510/20:10244879

Result on the web

<a href="https://www.shs-conferences.org/articles/shsconf/pdf/2020/02/shsconf_glob2020_02016.pdf" target="_blank" >https://www.shs-conferences.org/articles/shsconf/pdf/2020/02/shsconf_glob2020_02016.pdf</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1051/shsconf/20207402016" target="_blank" >10.1051/shsconf/20207402016</a>

Result language

angličtina

Original language name

Evaluation of the Effects of Digitization in the Process of Accounting Operations in a Selected Manufacturing Company

Original language description

The principles of industry 4.0 progressively penetrate into accounting. The process of accounting activities from entering accounting documents to posting accounting documents is now fully automated. Through digitization and artificial intelligence, the invoice is automatically read and recorded in the accounts. On the other hand, activities in the process of control of realized accounting operations, including financial management of the company, remain to the accountants. Digitization of invoices is based on converting from paper form by using document scanners to digital form. This is followed by automatic reading from invoices through AI which uses neural networks. Accounting Act is intended to define methods of using electronic documents, understanding accounting records. It will give the sufficient knowledge of the technology used and knowledge of employees to automate accounting operations. Despite this, digitization brings benefits in terms of time savings, lower costs, and an overview of the volume of liabilities on invoices. The aim of the paper is to evaluate the effects of digitization of accounting operations through corporate economic data. At the same time identify the main problems that arise during digitization. Case study will document the findings. The business data of a particular company and data from the Czech Statistical Office will be used for processing.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

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OECD FORD branch

50205 - Accounting

Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2019

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

Globalization and its Socio-economic Consequences - Sustainability in the Global-Knowledge Economy : 19th international scientific conference : 9th - 10th October 2019, Rajecke Teplice, Slovak Republic

ISBN

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ISSN

2261-2424

e-ISSN

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Number of pages

7

Pages from-to

1-7

Publisher name

EDP Sciences

Place of publication

Les Ulis

Event location

Rajecké Teplice

Event date

Oct 9, 2019

Type of event by nationality

WRD - Celosvětová akce

UT code for WoS article

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