Article

Received 10.08.2024

Revised 18.10.2024

Accepted 10.12.2024

Retrieved from Volume 28, No. 4, 2024

Pages 41 -53

Potryvaieva, N., Dubinina, M., Cheban, Yu., Syrtseva, S., & Luhova, O. (2024). Digitalisation of accounting of agricultural enterprises: National and international experience. Ukrainian Black Sea Region Agrarian Science, 28(4), 41-53. https://doi.org/10.56407/bs.agrarian/4.2024.41

Digitalisation of accounting of agricultural enterprises: National and international experience

Natalia Potryvaieva Maryna Dubinina Yuliia Cheban Svitlana Syrtseva Olha Luhova

The study aimed to analyse the peculiarities of the introduction of digital technologies in the field of accounting at agricultural enterprises, in particular, the analysis of national and international experience. The study analysed the process of digitalisation of accounting at agricultural enterprises in Ukraine, which is an important step towards improving management efficiency, reducing operating costs and ensuring compliance with modern regulatory requirements. The analysis of the main trends in the implementation of automated accounting and financial accounting systems demonstrated that such systems allow agricultural enterprises to automate routine processes, reduce the number of errors and reduce the time for preparing financial statements. The study also revealed several challenges towards the full digitalisation of accounting, including insufficient technical infrastructure, lack of qualified personnel, and low digital literacy. Insufficient funding and regulatory barriers are also serious challenges for businesses. Particular attention was devoted to cybersecurity issues, which are increasingly relevant due to the growth of digital data. The study compared the Ukrainian experience with the experience of the European Union, the United States, and Canada, where the digitalisation of accounting has reached a high level. The study proposed recommendations for the successful implementation of digital technologies in accounting processes at agricultural enterprises in Ukraine, addressing the existing limitations and opportunities. The study emphasised the importance of auditing the existing digital infrastructure, investing in equipment upgrades, staff training, gradual introduction of new technologies, and partnerships with leading digital solution providers. The findings emphasise the significant potential of digitalisation to increase the efficiency, transparency, and competitiveness of Ukrainian agricultural enterprises, but achieving these goals requires a balanced approach to the introduction of new technologies, government support, and appropriate educational training. The results obtained in this study can be used to improve the digitalisation of accounting at Ukrainian agricultural enterprises, increase the efficiency of financial management and adapt international standards to local conditions

digital technologies; electronic systems; accounting automation; economic efficiency; audit and control

[1] Abbasi, R., Martinez, P., & Ahmad, R. (2022). The digitization of agricultural industry – a systematic literature review on agriculture 4.0. Smart Agricultural Technology, 2, article number 100042. doi: 10.1016/j.atech.2022.100042.

[2] Angyalos, Z., Botos, S., & Szilágyi, R. (2021). The importance of cybersecurity in modern agriculture. Journal of Agricultural Informatics, 12(2), 1-8. doi: 10.17700/jai.2021.12.2.604.

[3] Asatiani, A., Apte, U., Penttinen, E., Rönkkö, M., & Saarinen, T. (2019). Impact of accounting process characteristics on accounting outsourcing – comparison of users and non-users of cloud-based accounting information systems. International Journal of Accounting Information Systems, 34, article number 100419. doi: 10.1016/j.accinf.2019.06.002.

[4] Ciruela-Lorenzo, A.M., Del-Aguila-Obra, A.R., Padilla-Meléndez, A., & Plaza-Angulo, J.J. (2020). Digitalization of agri-cooperatives in the smart agriculture context. Proposal of a digital diagnosis tool. Sustainability, 12(4), article number 1325. doi: 10.3390/su12041325.

[5] Coman, D.M., Ionescu, C.A., Duică, A., Coman, M.D., Uzlau, M.C., Stanescu, S.G., & State, V. (2022). Digitization of accounting: The premise of the paradigm shift of role of the professional accountant. Applied Sciences, 12(7), article number 3359. doi: 10.3390/app12073359.

[6] Costa, F., Frecassetti, S., Rossini, M., & Portioli-Staudacher, A. (2023). Industry 4.0 digital technologies enhancing sustainability: Applications and barriers from the agricultural industry in an emerging economy. Journal of Cleaner Production, 408, article number 137208. doi: 10.1016/j.jclepro.2023.137208.

[7] Dayıoğlu, M.A., & Turker, U. (2021). Digital transformation for sustainable future – agriculture 4.0: A review. Journal of Agricultural Sciences, 27(4), 373-399. doi: 10.15832/ankutbd.986431.

[8] Dhaliwal, S.B., Sohail, D., Hafer, K., Azam, S., & Hafer, B. (2023). Digitalization of tax administration: A review of the organization for economic co-operation and development (OECD) guidelines. Accounting & Taxation, 15(1), 55-81.

[9] Dubinina, M., Syrtseva, S., Cheban, Yu., Dubinin, V., Luhova, O., & Khomiak, N. (2022). Organization of accounting in the countries of the European union: Current problems and prospects of improvement. Financial and Credit Activity: Problems of Theory and Practice, 2(43), 271-277. doi: 10.55643/fcaptp.2.43.2022.3759.

[10] E-Invoicing in Sweden. (2023). Retrieved from https://www.unimaze.com/e-invoicing-in-sweden-ensuring-compliance/.

[11] Eulerich, M., Waddoups, N., Wagener, M., & Wood, D.A. (2024). Development of a framework of key internal control and governance principles for robotic process automation (RPA). Journal of Information Systems, 38(2), 29-49. doi: 10.2308/ISYS-2023-067.

[12] Goi, V., Ahieieva, I., Mamonov, K., Pavliuk, S., & Dligach, A. (2023). The impact of digital technologies on the companies’ strategic management. Economic Affairs, 68(2), 1291-1299. doi: 10.46852/0424-2513.2.2023.33.

[13] Gonçalves, M.J.A., da Silva, A.C.F., & Ferreira, C.G. (2022). The future of accounting: How will digital transformation impact the sector? Informatics, 9(1), article number 19. doi: 10.3390/informatics9010019.

[14] Guo, H., Yang, Z., Huang, R., & Guo, A. (2020). The digitalization and public crisis responses of small and medium enterprises: Implications from a COVID-19 survey. Frontiers of Business Research in China, 14(1), article number 19. doi: 10.1186/s11782-020-00087-1.

[15] Hasan, A.R. (2021). Artificial intelligence (AI) in accounting & auditing: A literature review. Open Journal of Business and Management, 10(1), 440-465. doi: 10.4236/ojbm.2022.101026.

[16] Hedvall, K., Jagstedt, S., & Dubois, A. (2019). Solutions in business networks: Implications of an interorganizational perspective. Journal of Business Research, 104, 411-421. doi: 10.1016/j.jbusres.2019.02.035.

[17] Knudsen, D.-R. (2020). Elusive boundaries, power relations, and knowledge production: A systematic review of the literature on digitalization in accounting. International Journal of Accounting Information Systems, 36, article number 100441. doi: 10.1016/j.accinf.2019.100441.

[18] Koval, O., & Lyshak, O. (2024). Digitalisation of accounting in Ukraine. Efektyvna Ekonomika, 2. doi: 10.32702/2307-2105.2024.2.67.

[19] Law of Ukraine No. 1877-IV “On State Support of Agriculture of Ukraine”. (2004, June). Retrieved from https://zakon.rada.gov.ua/laws/show/1877-15#Text.

[20] Law of Ukraine No. 2155-VIII “On Electronic Identification and Electronic Trust Services”. (2017, October). Retrieved from https://zakon.rada.gov.ua/laws/show/2155-19#Text.

[21] Law of Ukraine No. 4391-VI “On the Peculiarities of Insurance of Agricultural Products with State Support”. (2012, February). Retrieved from https://zakon.rada.gov.ua/laws/show/4391-17#Text.

[22] Law of Ukraine No. 851-IV “On Electronic Documents and Electronic Document Management”. (2003, May). Retrieved from https://zakon.rada.gov.ua/laws/show/851-15#Text.

[23] Law of Ukraine No. 996-XIV “On Accounting and Financial Reporting in Ukraine”. (1999, July). Retrieved from https://zakon.rada.gov.ua/laws/show/996-14?lang=en#Text.

[24] Lezoche, M., Hernandez, J.E., Díaz, M.D.M.E.A., Panetto, H., & Kacprzyk, J. (2020). Agri-food 4.0: A survey of the supply chains and technologies for the future agriculture. Computers in Industry, 117, article number 103187. doi: 10.1016/j.compind.2020.103187.

[25] Li, R., & Gao, Y. (2022). Research on agricultural enterprise accounting information resource sharing model based on big data technology. Journal of Commercial Biotechnology, 27(1). doi: 10.5912/jcb1043.

[26] Lomachynska, I., Maslennikov, Ye., Poberezhets, O., Shebanina, O., & Plets, I. (2023). Management of the financial potential of innovative development of the national economy in the context of digital transformation. Economic Affairs, 68(Special Issue), 797-803.

[27] MacPherson, J., Voglhuber-Slavinsky, A., Olbrisch, M., Schöbel, P., Dönitz, E., Mouratiadou, I., & Helming, K. (2022). Future agricultural systems and the role of digitalization for achieving sustainability goals. A review. Agronomy for Sustainable Development, 42(4), article number 70. doi: 10.1007/s13593-022-00792-6.

[28] Marvin, H.J.P., et al. (2022). Digitalisation and artificial intelligence for sustainable food systems. Trends in Food Science & Technology, 120, 344-348. doi: 10.1016/j.tifs.2022.01.020.

[29] McCumiskey, M., & Wolfson, A. (n.d.). Digitalization & automation: Accounting and financial reporting. Retrieved from https://www.amesto.global/insights/doing-business-in-the-us/the-digitalization-of-accounting-and-financial-reporting.

[30] Order of the Ministry of Finance of Ukraine No. v0433201-13 “On the Approval of Methodological Recommendations for Filling Out Financial Reporting Forms”. (2013, March). Retrieved from https://zakon.rada.gov.ua/rada/show/v0433201-13#Text.

[31] Petchenko, M., Fomina, T., Balaziuk, O., Smirnova, N., & Luhova, O. (2023). Analysis of trends in the implementation of digitization and digitization in accounting (Ukrainian case). Financial and Credit Activity: Problems of Theory and Practice, 1(48), 105-113. doi: 10.55643/fcaptp.1.48.2023.3951.

[32] Poppe, K., Vrolijk, H., & Bosloper, I. (2023). Integration of farm financial accounting and farm management information systems for better sustainability reporting. Electronics, 12(6), article number 1485. doi: 10.3390/electronics12061485.

[33] Radicic, D., & Petković, S. (2023). Impact of digitalization on technological innovations in small and medium-sized enterprises (SMEs). Technological Forecasting and Social Change, 191, article number 122474. doi: 10.1016/j.techfore.2023.122474.

[34] Scholkmann, A.B. (2021). Resistance to (digital) change: Individual, systemic and learning-related perspectives. In D. Ifenthaler, S. Hofhues, M. Egloffstein & C. Helbig (Eds.), Digital transformation of learning organizations (pp. 219-236). Cham: Springer. doi: 10.1007/978-3-030-55878-9_13.

[35] SDI Italy: The E-Invoicing Regulations (and what it means for businesses). (2021). Retrieved from https://www.storecove.com/blog/en/sdi-italy/?unbounce_brid=1724671207_432499_956511c5f302cd218967a7e48cbd3eb3.

[36] Setiawan, D.F., Indriasari, I., Darmaputra, M.F., & Lestari, U.P. (2024). Challenges for micro, small, and medium enterprises facing digitalization in accounting. Soedirman Economics Education Journal, 6(1), 69-79. doi: 10.32424/seej.v6i1.12700.

[37] Sontowski, S., Gupta, M., Chukkapalli, S.S.L., Abdelsalam, M., Mittal, S., Joshi, A., & Sandhu, R. (2020). Cyber attacks on smart farming infrastructure. In 2020 IEEE 6th international conference on collaboration and internet computing (CIC) (pp. 135-143). Atlanta: IEEE. doi: 10.1109/CIC50333.2020.00025.

[38] Syrtseva, S., Burlan, S., Katkova, N., Cheban, Yu., Pisochenko, T., & Kostyrko, A. (2021). Digital technologies in the organization of accounting and control of calculations for tax liabilities of budgetary institutions. Studies of Applied Economics, 39(7). doi: 10.25115/eea.v39i7.5010.

[39] Tax Code of Ukraine. (2010, December). Retrieved from https://zakon.rada.gov.ua/laws/show/2755-17#Text.

[40] Tiberius, V., & Hirth, S. (2019). Impacts of digitization on auditing: A Delphi study for Germany. Journal of International Accounting, Auditing and Taxation, 37, article number 100288. doi: 10.1016/j.intaccaudtax.2019.100288.

[41] Xie, L., Luo, B., & Zhong, W. (2021). How are smallholder farmers involved in digital agriculture in developing countries: A case study from China. Land, 10(3), article number 245. doi: 10.3390/land10030245.

[42] Yang, X., Shu, L., Chen, J., Ferrag, M.A., Wu, J., Nurellari, E., & Huang, K. (2021). A survey on smart agriculture: Development modes, technologies, and security and privacy challenges. IEEE/CAA Journal of Automatica Sinica, 8(2), 273-302. doi: 10.1109/JAS.2020.1003536.

[43] Zambon, I., Cecchini, M., Egidi, G., Saporito, M.G., & Colantoni, A. (2019). Revolution 4.0: Industry vs. agriculture in a future development for SMEs. Processes, 7(1), article number 36. doi: 10.3390/pr7010036.