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The Role and Importance of Accounting in the Modern Economy

Year: 2026

Type: article

Abstract: This article examines the role and importance of accounting in the modern economy. The purpose of the study is to determine the role of accounting in business operations and its significance in economic decision-making. In the course of the research, analytical and comparative methods were used, and the study was conducted based on scientific literature and practical data. The results showed that accounting is an important tool for ensuring the reliability of financial information, efficient use of resources, and making management decisions. In conclusion, it can be stated that improving and digitalizing the accounting system in the conditions of the modern economy further increases its effectiveness.

Source: Ethiopian International Journal of Multidisciplinary Research

DOI: 10.5281/zenodo.20084348

Author: Umurzokov Odiljon

Language: English

Topic: Accounting Theory and Financial Reporting

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: diamond

OpenAlex ID: W7160604753

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