Transformation of accounting functions and tasks in the context of post-war economic recovery in Ukraine

Abstract

This comprehensive analysis delves into the transformative role of accounting in Ukraine's post-war economic recovery. It explores the challenges faced by accountants in adapting to new regulatory frameworks, operational difficulties, and uncertainties arising from the war. The study highlights the importance of accounting in assessing damages, controlling budget funds, supporting investment projects, and developing digital technologies. It also proposes measures to address the challenges faced by accountants, such as strengthening professional training, developing guidelines, and fostering cooperation with state authorities. The analysis identifies key challenges for accountants, including changes in legislation, operational difficulties, and the need to assess damages and ensure transparency. It also emphasizes the importance of digital technologies in modernizing accounting practices and enhancing efficiency. The study concludes that the successful transformation of accounting functions and tasks is crucial for Ukraine's economic recovery. By implementing effective accounting practices and utilizing digital technologies, Ukraine can ensure the transparency, reliability, and completeness of financial information, which is essential for attracting investment and fostering sustainable development.