Impacts of Digital Transformation Caused by the Growth in Online Trade Volume on Accounting Processes
Impacts of Digital Transformation Caused by the Growth in Online Trade Volume on Accounting Processes

Author(s): Salahattin Altundağ
Subject(s): Business Economy / Management, International relations/trade, Accounting - Business Administration, ICT Information and Communications Technologies
Published by: Özgür Yayın Dağıtım Ltd. Şti.
Keywords: online trade; digital transformations; digital technologies; accounting processes;
Summary/Abstract: In this study, the impacts of the growth in online trade volume caused by digital transformation on accounting processes, records within accounting processes, and the tracking of these records are thoroughly examined. As digital transformation accelerates and online trade becomes more prevalent, the need for businesses to transition to digital methods in accounting practices is increasingly growing. The aim of the study is to uncover the effects of rapid growth in online trade on accounting processes and to evaluate these changes. In this context, the transition processes of businesses from traditional accounting methods to digital accounting and the effects of digital transformation on accounting processes are discussed. Through an extensive literature review, a knowledge base is established on the effects of online trade on accounting processes, the impacts of digital transformation on accounting processes, and digital accounting practices. The numerical data obtained are evaluated with regression analysis, and the results reveal the effects of digital transformation on accounting processes. The study indicates that the effects of digital transformation on accounting processes will increase with the rapid growth of online trade. To adapt to these changes, businesses must adopt digital technologies in their accounting processes and maintain accurate and reliable financial records. This study can be considered an important resource for understanding the effects of online trade on accounting processes and helping businesses adapt to digital transformation. To prepare businesses for future digital transformations, further examination of the effects of digital transformation on accounting processes caused by the growth in online trade volume is necessary.

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