ABSTRACT
The appearance of the term "Digital Transformation" has fundamentally impacted the discourse on business practices. The underlying tenet of Digital Transformation is that all business operations and transactions will increasingly become digitized. Digital Transformation provides the impetus to reconsider the very nature of accounting information (AIS) in their purpose to manage data and information to be used by decision-makers in accounting and finance functions, and to contribute to strategy implementation and internal control of the enterprise. As part of a Digital Transformation, managing business processes will take on a new relevance for designing and managing AIS with a perspective on implementing and controlling business strategy and operations. Cloud computing for instance, as a digital enabler for business, has become a means to experiment with new business processes, while monitoring involved risk factors and maintaining the opportunity to discard unsatisfactory process variants.
