ACCOUNTING - FROM TRADITIONAL TO DIGITAL
ACCOUNTING - FROM TRADITIONAL TO DIGITAL

Author(s): Ciprian Apostol
Subject(s): Politics / Political Sciences, Social Sciences, Economy
Published by: Editura Universităţii »Alexandru Ioan Cuza« din Iaşi
Keywords: accounting; accountancy profession; digital technology; digitalization;
Summary/Abstract: In its classical sense, accounting is considered as the "language of business", being indispensable in substantiating economic-financial decisions, because by recording economic-financial transactions and preparing annual financial statements, accounting contributes to transparency, control and financial efficiency. Accounting has evolved continuously, adapting to the economic, social and technological context. In the context of the rapid evolution of information technology, accounting has entered a profound process of transformation, driven by current trends of digitalization. Traditionally, accounting has been perceived as a bureaucratic field, centered on manual processing of documents and financial statements. With the advent and integration of digital technologies such as artificial intelligence, process automation through software robots, cloud platforms, blockchain and advanced data analytics, a paradigm shift in accounting practice has occurred. Thus, accounting can no longer be conceived without the integration of technology and analytical thinking, which is leading to a redefinition of the accounting profession, the tools used and the relationship between accountants, management and state institutions. The study aims to capture the main challenges of the accounting profession imposed by the implementation of new digital technologies, in order to chart the new trajectory in the training and development of this profession. For this purpose, a descriptive analysis of the new trends in the field of accounting was used with the help of information gathered from various sources such as media, literature, legislative regulations etc.) The results of the research consist in presenting the latest information, which will help us to reach a conclusion on how the implementation of digital technology will change the future of the accounting profession.

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