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Considerations Regarding the Use of Information Technology in the Creation of Current Models of Entities' Accounting

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  • Traian Cristin Nicolae

    („Ovidius†University of Constanta)

Abstract

In this paper, in a simplified manner, we are approaching the digitalization of accounting - a booming process, similar to other industries, some of which have been massively disrupted by technological advances. The digitalization of a company's accounting comes with a multitude of benefits, and more and more entrepreneurs are adopting this model to streamline processes. Through digitization we have managed to bring accounting to the business requirements of the 21st century, which means that entrepreneurs now have control of their business even from the mobile phone. Digitization does not mean that people, the accounting experts, disappear from the conversation and everything is just technology. On the contrary, online accounting brings benefits because behind the technology is always a professional accountant who checks and advises entrepreneurs - this expert is relieved by technology of repetitive tasks, time consuming.

Suggested Citation

  • Traian Cristin Nicolae, 2021. "Considerations Regarding the Use of Information Technology in the Creation of Current Models of Entities' Accounting," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 1088-1094, December.
  • Handle: RePEc:ovi:oviste:v:xxi:y:2021:i:2:p:1088-1094
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    More about this item

    Keywords

    blockchain technology; accounting; trends;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • F60 - International Economics - - Economic Impacts of Globalization - - - General

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