OPPORTUNITIES AND CHALLENGES IN THE ACCOUNTING PROFESSION BASED ON THE DIGITALIZATION PROCESS

Melinda Timea Fulop () and Nicolae Magdas ()
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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

European Journal of Accounting, Finance & Business, 2022, vol. 10, issue 2, 38-45

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.

Date: 2022
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