DIGITALIZATION OF PUBLIC SECTOR ACCOUNTING AND ANALYTICAL SUPPORT: CURRENT CHALLENGES AND DEVELOPMENT PROSPECTS
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Abstract
Introduction. The article examines the current state and challenges of the digitalization of accounting and analytical support for the public sector in the context of the development of the digital economy and the reform of the public finance management system. It is substantiated that accounting, in particular financial accounting, is a basic component of information support for the activities of the public sector.
Purpose. The purpose of the article is to identify promising directions for the digitalization of accounting and analytical support for the public sector, and to define the necessary prerequisites for building an effective digital accounting system by considering the specific features of financial accounting organization.
Methods. The role of modern digital technologies in the transformation of public sector accounting processes was analyzed to find how the implementation of digital solutions contributes to increasing the efficiency of financial information processing, reducing the risk of errors, strengthening control over the use of budget funds, and increasing the transparency of financial management.
Results. The main problems in the digital transformation of accounting and analytical support for the public sector of Ukraine are identified, including the use of outdated information systems, insufficient integration, limited financial support for digital reforms, a shortage of specialists with relevant digital competencies, and the growth of cyber threats. A conceptual model of the digitalization of accounting and analytical support for the public sector is proposed, which integrates financial information, modern digital tools, and automated accounting and analytical processes to improve the efficiency of management decision-making.
Originality. The study focuses on the specific features of financial accounting in the public sector as a prerequisite for digital systems, and emphasizes the need to harmonize the national accounting system with European public sector accounting standards (EPSAS), which will increase the comparability of financial reporting, transparency, and trust in the public finance management system.
Conclusion. It is determined that the further development of digitalization of the public sector should be aimed at creating a single digital information environment, improving the regulatory framework, strengthening cybersecurity, developing digital competencies of employees, and introducing innovative technologies into the public finance management system.
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