| Summary: | The purpose of this paper is to briefly explore the applicability of information technology methods
to very large volumes of accounting data. Current developments regarding the digitization of various
sectors of the economy and society are converging towards changes in the accounting information
systems of entities. The possibilities of multi-dimensional processing of accounting input data open
up new options for modeling accounting reports. The development in a multi-dimensional system of
financial accounting reports presents unexpected opportunities for enriching the information
transmitted to the users of the annual financial statements. The applicability of new information
technology methods is marked by: widespread use of Internet-based applications, 5G and soon 6G
high-speed data transmission systems, Wi-Fi 6e wireless systems, Wi-Fi 7, artificial intelligence
applications.
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