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Purpose: In this study, both the challenges associated with the transition to digital accounting systems and the opportunities presented by such technologies for the development of business peace were analysed. The financial statements that are produced by a digital accounting system should be straightforward and easy to understand, in addition to being user-friendly, safe, and cost-effective. These requirements should be met while the system is producing financial reports in accordance with accounting standards.
Design/Methodology/Approach: Since most of the content originates from other sources, hence it is qualitative in nature. These numbers were collected from several sources. Books, journals, the Internet, newspapers, and authoritative reports were secondary sources.
Findings: According to this study, digitalization has changed how accountants think and operate. Most accountants accept digitalization's benefits and drawbacks. Developers sought for similar implementation, affordability, accessibility, and usability for digital accounting software. Studies suggest comparing digital and manual accounting software may impact the decision. Adoption choice affects digital accounting software's usefulness and acceptability.
Limitations: It is challenging to obtain data from original sources due to limitations imposed by time and money as well as the protocols of COVID-19 pandemic.
Practical implications: A growing interest in the knowledge and application of accounting software has been sparked by the research. This research also reveals the perspectives of accountants, as well as the restraints that hinder them from implementing or adopting digital accounting in their own enterprises, as well as the benefits that digital accounting provides to businesses, such as the progress of peace.
Originality/value: This research advises organisations to embrace digital accounting for business peace and helps accountants who use digital accounting software comprehend the theoretical and practical aspects of accounting. Advanced research should compare the issue across a greater area. This study identifies accountancy techniques for the future information age.
Keywords:
Accounting Software, digital Accounting, Peace Advancement, Digital transformation.
Cite Article:
"Adoption of Digital Accounting: Issues and Advancement of Peace in Business", International Journal for Research Trends and Innovation (www.ijrti.org), ISSN:2455-2631, Vol.7, Issue 6, page no.1858 - 1862, June-2022, Available :http://www.ijrti.org/papers/IJRTI2206278.pdf
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ISSN:
2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator