IDEAS home Printed from https://ideas.repec.org/a/scm/ejafbu/v10y2022i2p38-45.html
   My bibliography  Save this article

Opportunities And Challenges In The Accounting Profession Based On The Digitalization Process

Author

Listed:
  • 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)

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.

Suggested Citation

  • Melinda Timea FULOP & Nicolae MAGDAS, 2022. "Opportunities And Challenges In The Accounting Profession Based On The Digitalization Process," European Journal of Accounting, Finance & Business, "Stefan cel Mare" University of Suceava, Romania - Faculty of Economics and Public Administration, West University of Timisoara, Romania - Faculty of Economics and Business Administration, vol. 10(2), pages 38-45, June.
    • Handle: RePEc:scm:ejafbu:v:10:y:2022:i:2:p:38-45
    as

    Download full text from publisher

    File URL: http://accounting-management.ro/getpdf.php?paperid=29_5
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Dimitris Balios, 2021. "The Impact of Big Data on Accounting and Auditing," International Journal of Corporate Finance and Accounting (IJCFA), IGI Global, vol. 8(1), pages 1-14, January.
    2. Cynthia Weiyi Cai, 2021. "Triple‐entry accounting with blockchain: How far have we come?," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 61(1), pages 71-93, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mohamed Bouteraa & Brahim Chekima & Nelson Lajuni & Ayesha Anwar, 2023. "Understanding Consumers’ Barriers to Using FinTech Services in the United Arab Emirates: Mixed-Methods Research Approach," Sustainability, MDPI, vol. 15(4), pages 1-22, February.
    2. Luciane Amaral Corrêa Münch & Taís Schilling Ferraz, 2024. "Exploring Defuturing to Design Artificial-Intelligence Artifacts: A Systemic-Design Approach to Tackle Litigiousness in the Brazilian Judiciary," Laws, MDPI, vol. 13(1), pages 1-13, January.
    3. Tan Zi Yi & Noor Ashikin Mohd Rom & Nurbani Md. Hassan & Mohamad Shaharudin Samsurijan & Andrew Ebekozien, 2023. "The Adoption of Robo-Advisory among Millennials in the 21st Century: Trust, Usability and Knowledge Perception," Sustainability, MDPI, vol. 15(7), pages 1-16, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Alsalmi, Noora & Ullah, Subhan & Rafique, Muhammad, 2023. "Accounting for digital currencies," Research in International Business and Finance, Elsevier, vol. 64(C).
    2. Kakhkharov, Jakhongir & Bianchi, Robert J., 2022. "COVID-19 and policy responses: Early evidence in banks and FinTech stocks," Pacific-Basin Finance Journal, Elsevier, vol. 74(C).
    3. Diego Valentinetti & Michele A. Rea, 2022. "Blockchain e bilancio di esercizio: verso una convergenza di interessi "distribuita"?," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2022(2), pages 15-40.
    4. Nguyen Phu Giang & Hoang Thi Tam, 2023. "Impacts of Blockchain on Accounting in the Business," SAGE Open, , vol. 13(4), pages 21582440231, December.
    5. Mohamed Nofel & Mahmoud Marzouk & Hany Elbardan & Reda Saleh & Aly Mogahed, 2024. "From Sensors to Standardized Financial Reports: A Proposed Automated Accounting System Integrating IoT, Blockchain, and XBRL," JRFM, MDPI, vol. 17(10), pages 1-30, October.
    6. Pythagoras Petratos, 2024. "Triple-Entry Accounting and System Integration," JRFM, MDPI, vol. 17(2), pages 1-15, January.
    7. Grosu, Veronica & Cosmulese, Cristina Gabriela & Socoliuc, Marian & Ciubotariu, Marius-Sorin & Mihaila, Svetlana, 2023. "Testing accountants' perceptions of the digitization of the profession and profiling the future professional," Technological Forecasting and Social Change, Elsevier, vol. 193(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:scm:ejafbu:v:10:y:2022:i:2:p:38-45. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Liviu Scutariu (email available below). General contact details of provider: https://edirc.repec.org/data/feusvro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.