Digitization and robotization of accounting for business entities in the Czech Republic

VSB-TU Ostrava, Faculty of Economics, Department of Accounting and Taxes, Sokolská třída 33, 702 00 Ostrava, Czech Republic

^* Corresponding author: jiri.slezak@vsb.cz

Abstract

Research background: Business entities in the Czech Republic, as well as others around the world began to realise the need of using new information technologies. More business subjects became conscious of the advantages and benefits of digitization, automatization and robotization, not only in accounting, because of the influence of Sars-Covid-19 pandemic. The concept of digitization is the use of information and digital technologies that lead to streamlining and improving processes in the areas of communication, information transfer, data availability and more. Considering the fact that nobody knows how the digital world will look like in the future, it is necessary for business entities to prepare themselves for anything to come so they will be able to react flexibly because it is obvious that the digital world affects and will affect every part of business management. Purpose of the article: The aim of the paper is to evaluate the level of digitization of business entities in the Czech Republic in accounting. Methods: To conduct the research we have used a questionnaire survey and testing of statistical hypotheses. Findings & Value added: The answers of respondents show that the level of digitization and the use of their services depends on their size, larger entities are using the digitization more intensively. The article is very useful, especially at a time when the Czech Republic and the world are affected by the pandemic Sars-Covid-19.