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Implications of Expanding the Use of Information Technology Tools in Accounting of Finance Transactions

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  • Traian Cristin Nicolae

    („Ovidius†University of Constanta)

Abstract

Blockchain is a technology that springs within its theoretical parameters from the conceptual frameworks of accounting that we encounter in the emerging of today's business . In this paper, in a simplified approach, we try to present a sketch of a set of aspects of the directions to be followed in the implementation of this technology and the likely impact on the accounting of operations in the real estate sector. Currently undergoing a rapid evolution, marked by the applicability to unprecedented levels of information technology (IT) tools on the accounting of entities, we consider it necessary to develop multidisciplinary approaches to the use of new technologies in accounting. Blockchain opens the door for new approaches to accounting information processing. It is now possible to perform multi-dimensional processing of financial - accounting information, processing that goes beyond and develops the traditional accounting paradigm.

Suggested Citation

  • Traian Cristin Nicolae, 2020. "Implications of Expanding the Use of Information Technology Tools in Accounting of Finance Transactions," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 1004-1011, December.
    • Handle: RePEc:ovi:oviste:v:xx:y:2020:i:2:p:1004-1011
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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
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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