Reflections on the Perspectives of Accounting Information Processing Paradigms in Digitalized Systems

Traian Cristin Nicolae ()
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Traian Cristin Nicolae: „Ovidius” University of Constanta, Faculty of Economic Sciences, Romania

Ovidius University Annals, Economic Sciences Series, 2024, vol. XXIV, issue 2, 598-604

Abstract: The purpose of this paper is to briefly describe a series of observations by the author on the perspectives of accounting information processing paradigms in digitalized systems. Input data processing systems, primary in the accounting of entities, are in an accelerated process of transformation generated by the applicability of new digitalized technologies. The classic paradigm of double-entry accounting, based on the use of a set of accounting registers, is undergoing transformation and amplification of the possibilities of supporting the decisions of users of annual financial statements. Real-time processing of large volumes of input data in accounting allows adapting decisions made regarding business administration to new challenges and emerging trends. Integrated financial reporting of accounting information allows enriching the informational support of decisions made by users based on the information provided by the accounting of entities.

Keywords: accountings paradigms; information technology (search for similar items in EconPapers)
JEL-codes: F60 M41 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xxiv:y:2024:i:2:p:598-604

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