DIGITALIZATION AND ITS IMPACT ON FIXED ASSET ACCOUNTING IN JOINT VENTURES
Abstract
This article explores the transformative impact of digitalization on fixed asset accounting in joint ventures. Digital tools such as automation, cloud-based systems, real-time data analytics, and blockchain are enhancing the accuracy, transparency, and efficiency of managing fixed assets. By adopting these technologies, joint ventures can streamline asset tracking, ensure compliance with international standards like IFRS, and improve decision-making through data-driven insights. The article also discusses the challenges of digital adoption, such as system integration and data security, and highlights the long-term benefits of digitalization for joint venture success
References
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