The Impact of Accounting on the Business Climate in the EU Countries

Olha  Romashko; Nataliya  Melnyk; Hanna  Moskaliuk; Ruslan  Volchek; Olena  Kuzmenko

doi:10.36941/ajis-2023-0154

Authors

Olha Romashko Faculty of Finance and Accounting, Department of Accounting and Taxation, State University of Trade and Economics, Kyiv, Ukraine
Nataliya Melnyk Faculty of Finance and Accounting, Department of Accounting and Taxation, West Ukrainian National University, Ternopil, Ukraine
Hanna Moskaliuk Faculty of Management, Accounting and Information Technologies, Department of Accounting, Analysis and Auditing, Odesa National Economic University, Odesa, Ukraine
Ruslan Volchek Faculty of Management, Accounting and Information Technologies, Department of Accounting, Analysis and Auditing, Odesa National Economic University, Odesa, Ukraine
Olena Kuzmenko Faculty of Finance and Accounting, Department of Accounting and Taxation, State University of Trade and Economics, Kyiv, Ukraine

DOI:

https://doi.org/10.36941/ajis-2023-0154

Keywords:

Accounting, EU countries, Ease of doing business index, Professional accountants, accounting education

Abstract

Accounting is a business language that evolves and adapts at all levels, from the global economy to the enterprise or personal finance level. Modern accountants perform various roles and functions, creating conditions conducive to the formation of a favourable business climate. This study aims to establish the influence of both the number and educational level of accountants on the formation of the business climate in countries within the European Union. Correlation-regression analysis was the predominant research method employed to investigate the correlation between the proportion of accountants in the workforce, education levels of accountants, and the Ease of Doing Business Index in EU countries acknowledged. The obtained results demonstrate that the number of accountants does not have a direct impact on the Ease of Doing Business Index in EU countries. However, the education level of accountants has a positive effect.

Received: 6 June 2023 / Accepted: 21 October 2023 / Published: 5 November 2023