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Opportunities And Challenges In The Accounting Profession Based On The Digitalization Process

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  • Melinda Timea FULOP

    (Babes–Bolyai University, Str. Teodor Mihali, Nr. 58-60 400591, Cluj Napoca, Romania)

  • Nicolae MAGDAS

    (Babes–Bolyai University, Str. Teodor Mihali, Nr. 58-60 400591, Cluj Napoca, Romania)

Abstract

Accounting is embedded in an environment that has undergone radical changes in communication and collaboration for a long time. Successful digitization in a company also has to do with being prepared in accounting. This means recognizing digital trends in good time, assessing them and using them to our advantage. Due to COVID-19 and the associated restrictions, digital working methods are increasingly becoming the focus of domestic companies. This also applies to accounting. Thus, the aim of this study was to present an overview of the various digitization processes in the accounting field that can help companies10 in the selection of the best one for them. In addition, we want to highlight the significance of digitization and more than that, we want to increase knowledge and intensify abilities in order to decrease the reluctance of companies to step into this field. The results of the research show that there are a series of variants for digitizing on the market, the important process being the one to make the optimal choice for each company according to their needs.

Suggested Citation

  • Melinda Timea FULOP & Nicolae MAGDAS, 2022. "Opportunities And Challenges In The Accounting Profession Based On The Digitalization Process," European Journal of Accounting, Finance & Business, "Stefan cel Mare" University of Suceava, Romania - Faculty of Economics and Public Administration, West University of Timisoara, Romania - Faculty of Economics and Business Administration, vol. 10(2), pages 38-45, June.
    • Handle: RePEc:scm:ejafbu:v:10:y:2022:i:2:p:38-45
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    References listed on IDEAS

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    1. Dimitris Balios, 2021. "The Impact of Big Data on Accounting and Auditing," International Journal of Corporate Finance and Accounting (IJCFA), IGI Global, vol. 8(1), pages 1-14, January.
    2. Cynthia Weiyi Cai, 2021. "Triple‐entry accounting with blockchain: How far have we come?," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 61(1), pages 71-93, March.
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    Cited by:

    1. Mohamed Bouteraa & Brahim Chekima & Nelson Lajuni & Ayesha Anwar, 2023. "Understanding Consumers’ Barriers to Using FinTech Services in the United Arab Emirates: Mixed-Methods Research Approach," Sustainability, MDPI, vol. 15(4), pages 1-22, February.
    2. Luciane Amaral Corrêa Münch & Taís Schilling Ferraz, 2024. "Exploring Defuturing to Design Artificial-Intelligence Artifacts: A Systemic-Design Approach to Tackle Litigiousness in the Brazilian Judiciary," Laws, MDPI, vol. 13(1), pages 1-13, January.
    3. Tan Zi Yi & Noor Ashikin Mohd Rom & Nurbani Md. Hassan & Mohamad Shaharudin Samsurijan & Andrew Ebekozien, 2023. "The Adoption of Robo-Advisory among Millennials in the 21st Century: Trust, Usability and Knowledge Perception," Sustainability, MDPI, vol. 15(7), pages 1-16, March.

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