The Importance of Implementing Modern Accounting and Automation Systems in Russian Higher Education Institutions

Abstract

Automation technology has brought great changes to the accounting profession. However, opponents of the technology revolution view this progress as a step back because many accountants will fail to adapt to this new environment and this will lead to their decline. Therefore, our study aims to stimulate scientific discussion extensively about the importance of using automation technology in accounting information systems of Russian higher education institutions. There are many accounting processes and activities that are still being updated and are not automated or partially automated in universities. Russia is considered one of the developed countries in many fields, and its universities must be among the institutions that keep pace with modern developments in the world. We have followed the description, comparison, analysis and presentation methodology in this article for clarification. The importance of using modern accounting information systems and automation, and the importance of developing the skill of accountants on modern systems so that they can know the programs and mechanisms currently used. By using this technology, it leads to improving efficiency, saving time, increasing the level of transparency and productivity, predictability, increasing the level of reliability and lowering costs. The limitations are represented by the difficulty of regulatory compliance due to the application of automation.