The Role of Computerized Solutions in Consolidating Financial Results from the European and Anglo-Saxon Accounting Systems

Stoica Raluca () and Stefan Veronica
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Stefan Veronica: Valahia University of Targoviste, Romania

Valahian Journal of Economic Studies, 2018, vol. 9, issue 2, 83-94

Abstract: The implementation of up-to-date technologies in the accounting system of modern entities is a topical subject, by the desire of enterprises to align themselves with the current of international globalization but also by the requirements imposed by the science and practice to join the accounting main issues in the field. The accounting technique evolved with the technological innovations, related to each evolutionary period of the human society. The paper aims to identifying the factors that influenced the whole process of the development of information technologies in the financial-accounting field; identifying the main issues related to the technological interaction in accounting and, in this context, identifying the tools and technological supports in the evolution of the accounting technique, from the empirical forms of accounting to the present day, in the age of globalization, amid the continuous need for normalization and standardization of accounting procedures, especially applicable to the consolidation of financial results.

Keywords: accounting standards; harmonization; consolidation; GAAP; IAS; IFRS; ERP (search for similar items in EconPapers)
JEL-codes: M40 M41 M48 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:vaecst:v:9:y:2018:i:2:p:83-94:n:8

DOI: 10.2478/vjes-2018-0020

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