Accounting of Organization in the Future Knowledge Society

Abstract

In the future knowledge-based society, knowledge will be the regular working material, which will be easily handled in any organization. Organizations' accounting will be one of the tools by means of which this handling will occur, which means that knowledge will be the raw material of the future accounting.

This stage of accounting will be reached following a standardization of the accounting procedures, practices and methods, following the integrated processing of the company data, following the increasing high performance of communication technologies, following the achievements in the field of artificial intelligence, as well as of the potential technologies that wait to be discovered.

In this study, we will discuss concepts like: knowledge, new economy, data-based accounting (d-accounting), information-oriented accounting (i-accounting), accounting in collaborative environments (e-accounting) and accounting in the knowledge society. The road to knowledge-based accounting (k-accounting) will involve automation, digitization, virtuality, multimedia, mobility and inter-operability.

Keywords: accounting, d-accounting, i-accounting, e-accounting, k-accounting, digitization

JEL Classification: M20, M21, M41