Accounting and Accountant Paradigms Changed by Digitalization

Abstract

Two of the paradigms that digitalization has radically changed and transformed are undoubtedly the definitions of accounting and accountant. Many paradigms that are found in the traditional definitions have been changing or even disappearing. Among these paradigms, the abolition of the concepts of classification, recording and reporting as well as the accompanying radical changes in the definitions of accountants are found to be especially attention grabbing. The digitalization, unlike traditional accounting, imposes new functions on the accountant and introduces a new concept of accountant. In this study, the changing definitions of the accounting and accountant and the new paradigms brought about by the new definitions are scrutinized.