Hryhoriv Olha, PhD in Economics, Associate Professor, Associate Professor of the Department of Finance, Vasyl Stefanyk Precarpathian National University, Ivano-Frankivsk, Ukraine

ORCID ID: 0000-0001-8945-6124
e-mail: olha.hryhoriv@pnu.edu.ua

Efficiency of Accounting in the Public Sector of Ukraine Under the Conditions of Digitalization

Abstract. Introduction. Digitization of accounting in the public sector of Ukraine is an important stage in the modernization of the public administration system. In the conditions of development of information technologies and growing requirements for transparency and efficiency of public financial management, the implementation of digital technologies becomes a key tool for optimization of accounting and financial control.

Purpose. The purpose of the article is to analyze the state of digitization of accounting in the public sector of Ukraine. The article is aimed at identifying key projects, the regulatory framework and the main factors influencing the successful implementation of digital technologies in the public sector.

The work uses a comprehensive research approach, which includes the analysis of regulatory documents governing accounting in the public sector, as well as the analysis of key software products used for digitization of accounting processes. To compare international experience, the method of comparative analysis is used, which allows to identify the advantages and disadvantages of the implementation of digital technologies in different countries.

Results. The article analyzes the current state of digitization of accounting in the public sector of Ukraine. Key automation projects, such as “Fit-budget”, “IS pro”, “MASTER: Accounting”, which are already actively used in state institutions, are described. It was found that these projects contribute to increasing the efficiency of accounting, transparency of financial transactions and reducing the time of accounting procedures. The regulatory framework, in particular, the Budgetary Code of Ukraine, the Law “On Accounting and Financial Reporting”, national accounting standards in the public sector and their compliance with the requirements of digitalization were analyzed. Comparative analysis of international experience in the implementation of digital technologies in the public sector was carried out on the example of EU countries, where digital accounting systems are already integrated into public administration.

Conclusions. Digitization of accounting in the public sector of Ukraine is an important element of the reform of public financial management. The implementation of digital technologies, such as ERP systems, contributes to increasing the effectiveness of financial control, transparency and efficiency of accounting processes.

Keywords: digital technologies; financial reporting; public administration; electronic document management; automation.

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