| Abstract [eng] |
The rapidly changing business environment requires companies to be constantly prepared and adapt to new challenges in the market. Digital transformation, including digital technologies such as ERP, big data, cloud computing, artificial intelligence, and robotics, has become an integral part of financial accounting and financial management, allowing companies to remain competitive and gain a necessary competitive edge. It is revealed that digital technologies transform various aspects of financial accounting, from recording events and transactions to preparing and presenting financial statements. Digital technologies enhance company efficiency and data accuracy, which in turn allows companies to make more accurate and effective financial management decisions using expanded data analysis and more precise results. The object of the study – company financial accounting and financial management decisions. The aim of the research – to investigate the impact of digital transformation on company financial accounting and financial management decisions. The first part discusses the relevance of digital transformation, based on the latest research on digitized financial accounting and financial management. The analysis reveals that digital transformation radically changes accounting practices, especially in preparing financial reports and financial analysis, which allows companies to manage data more effectively and make financial management decisions. The literature review reveals that although many scholars acknowledge the positive impact of digital transformation, there is still a lack of comprehensive information, which encourages discussions and highlights the need for more research on the impact of digitization on financial accounting and financial management decisions. The second part of the project, following a thorough literature review, reveals the theoretical aspects of how digital transformation impacts corporate financial accounting and management. It became apparent that this impact manifests through several key areas: processes, human resources, and company outcomes. Digital transformation has simplified and accelerated financial processes, reducing the likelihood of errors and allowing real-time tracking of information in processes such as payroll, banking operations, or accounts. Secondly, it has also affected human resources, as employees need to learn new skills and adapt due to new digital technologies. Finally, more efficient processes and better financial data accuracy allow better cost control and financial flow optimization, leading to better company results, although drawbacks such as lack of employee motivation, data security, or technology integration also emerge. Based on the data obtained, a conceptual model was developed that reveals how digital transformation affects companies' financial accounting and decision-making through financial management. The third part prepares a research methodology that examines the impact of digital transformation on company financial accounting and management. Research questions and objectives are formulated, defining the research design and data collection methods. A semi-structured interview questionnaire is prepared and the research procedure is determined. The chosen qualitative research method allows for a deep examination of the experiences and opinions of the subjects. A criterion sample is also set, selecting interview participants from medium to large IT sector companies using digital technologies, ensuring that research participants can provide significant information. The fourth part of the project presents the results of empirical research, which confirmed the previously created conceptual model about the impact of digital transformation on corporate financial accounting and financial management decisions. The results not only confirmed the claims of the model but also expanded it by incorporating new impacts. The empirical study revealed that digital transformation introduced new processes such as travel accounting, document approval and signing, which were integrated into financial accounting processes. The study also showed a positive impact on company outcomes, seen as a reduced likelihood of errors, ensuring greater data accuracy and reliability. Additionally, a new negative impact emerged – significant financial costs associated with the implementation and integration of new digital technologies, which can negatively affect companies' financial outcomes in the initial phase. These research findings provide valuable insights that allow for a deeper understanding of the impact of digital transformation. |
