The interdependence between the economy and digital accounting
Year: 2024
Type: conference-paper
Abstract: This paper examines the interdependence between the digital economy and digital accounting, highlighting the impact that technological evolution has on accounting practices and economic dynamics. The digital economy, characterized by the integration of information technologies and the Internet into economic processes, generates rapid changes in the way companies operate and interact with markets. In this context, digital accounting, based on cloud solutions and emerging technologies, becomes essential to adapt to changes in regulations and reporting requirements. The paper examines how these technologies help streamline accounting processes, ensuring transparency and compliance in financial reporting. Also, the challenges and opportunities that digitization brings to accounting are discussed, highlighting how it influences the economic strategy and competitiveness of entities. The research uses various research methods: analytical, webographic, synthesis, comparison and systematization of data.
DOI: 10.53486/issc2024.04
Author: Victor Cojocaru
Language: English
Domain: Social Sciences
Open Access status: gold
OpenAlex ID: W4410533631