Digital Accounting - a Challenge and Opportunities for New Vision in Favor of Cutting-Edge Financial Management in State/Municipal Organizations

Abstract

The vision of this paper is on one hand to break the understanding of "boring accounting", and on other hand to outline possibilities of the digital accounting as a measure to support the implementation of new digital technologies in the public sector. The digital accounting is presented as a lever for facilitating and accelerating financial processes in the management of public administration. Known advantages are analyzed and constructively upgraded and are presented one dozen new definitions of advantages of the digital accounting. Defined are an approach and a “road-map” for introducing of digital accounting in public sector' organizations, and suggestions in this matter.