Accounting and Digital Technology: Building a Decision Matrix for Developing a Digital Accounting System

The main intention of this paper is to analyze the application of digital technology to accounting. Digital technology has shaped a new revolution in human being's activities and has greatly changed all aspects of business. Accounting as the language of business is a part of this changing scenario and is experiencing a deep alteration in all dimensions. Digital accounting system is no longer a simple data keeping tool, but is rather a strong managerial mean. Implementation of digital technology on organization's accounting system is therefore a very sensitive matter and has been studied from different perspectives. There are different approaches towards applying digital technology to organization's accounting system and choosing an effective, optimum, and accurate approach is now a very noteworthy technical and managerial issue. This paper has introduced a decision matrix to provide manages with a flexible framework in order to help them improve the excellence of their decision. Other considerations for enhancing the development of an appropriate digital accounting system for the organization are also briefly declared.