The cognitive dimensions of accounting and finance include examining the possibilities of improving the implementation of accounting principles, digitizing accounting in companies and institutions, and internalizing finance in order to improve the functioning of business entities and increase the possibility of achieving business goals. Another cognitive dimension of accounting and finance is the study of the determinants of accounting and finance in enterprises and companies in accordance with the principles of business ethics and the principles of sustainable development. Another cognitive dimension in this issue may concern the analysis of the effective implementation of information technologies and Industry 4.0 to business entities in order to increase the effectiveness of accounting and finance in these entities.