The Concept of Continuous Accounting and Control in Public Sector Institutions Based on the Integrated Application of Information Technologies

Abstract

The digital transformation of the public sector necessitates a transition from periodic to continuous information support for the management of budgetary institutions. The purpose of this study is to determine the role of information technologies in ensuring the continuity of accounting and control within public sector institutions and to substantiate their functional role at different stages of the accounting and control process. The research methodology is based on the application of the systems, functional, and process approaches to determine the role of information technologies in ensuring the continuity of accounting and control in budgetary institutions. The study employs methods of analysis and synthesis to examine the functional capabilities of information technologies and their integrated application, systematization to classify information technologies, generalization to formulate conclusions, and logical modelling to develop a conceptual model of a continuous accounting and control system. The study investigates the capabilities of modern information technologies to ensure the continuous collection, documentation, recording, control, analytical processing, storage, reporting, and information support for managerial decision-making. The functional roles of the Internet of Things (IoT), artificial intelligence, robotic process automation (RPA), blockchain, digital twins, Big Data, cloud computing, and interactive electronic reporting within the digital accounting and control system of budgetary institutions are systematized. The findings demonstrate that each information technology contributes specific functional characteristics to the digital information environment, while their integrated application ensures the continuity of information flows, enhances the reliability, timeliness, transparency, and traceability of accounting information, and creates the conditions necessary for effective information support of public sector management.