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Considerations Regarding Applications of Financial Instruments in Accounting Systems

Author

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  • Traian Cristin Nicolae

    (“Ovidius” University of Constanța, Faculty of Economic Sciences, Romania)

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.

Suggested Citation

  • Traian Cristin Nicolae, 2023. "Considerations Regarding Applications of Financial Instruments in Accounting Systems," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 802-809, December.
    • Handle: RePEc:ovi:oviste:v:xxiii:y:2023:i:2:p:802-809
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    More about this item

    Keywords

    financial solutions; accounting; tehnologies;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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