Considerations Regarding Applications of Financial Instruments in Accounting Systems

Traian Cristin Nicolae ()
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Traian Cristin Nicolae: “Ovidius” University of Constanța, Faculty of Economic Sciences, Romania

Ovidius University Annals, Economic Sciences Series, 2023, vol. XXIII, issue 2, 802-809

Abstract: The purpose of this paper consists in the succinct presentation of a set of considerations of the author regarding the applicability of financial instruments in the accounting systems of entities. We must observe the impact of Information Technology applications on the implementation of financial instruments in the accounting of entities. Financial instruments offer options for financing the activities of entities, compared to the -classic- appeal to bank financing. We can appreciate that new opportunities are opening up in the modern accounting of entities for the formalization of the registration of financial instruments. The widespread applicability of new software products of Information Technology, easy access to high-speed Internet communication, data storage in the cloud - all are incentives of a new paradigm in entity accounting. We can appreciate the innovative character, opening up new possibilities for enhancing the digitized processing of information on financial instruments in the accounting computer systems.

Keywords: financial solutions; accounting; tehnologies (search for similar items in EconPapers)
JEL-codes: G32 M41 (search for similar items in EconPapers)
Date: 2023
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