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

Traian Cristin Nicolae ()
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Traian Cristin Nicolae: „Ovidius†University of Constanta

Ovidius University Annals, Economic Sciences Series, 2021, vol. XXI, issue 2, 1088-1094

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.

Keywords: blockchain technology; accounting; trends (search for similar items in EconPapers)
JEL-codes: F60 M41 (search for similar items in EconPapers)
Date: 2021
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