Possibilities of the Development of the Application of Financial Instruments in the Accounting Systems
The purpose of this research consists in the schematic presentation of the possibilities of implementing new financial instruments under the conditions of the use of advanced information technology tools. The progress of computer technologies based on artificial intelligence and the use of new ha...
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| Format: | Article |
| Language: | English |
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Ovidius University Press
2023-08-01
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| Series: | Ovidius University Annals: Economic Sciences Series |
| Subjects: | |
| Online Access: | https://stec.univ-ovidius.ro/html/anale/RO/2023-i1/Section%205/19.pdf |
| _version_ | 1797737202010030080 |
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| author | Traian Cristin Nicolae |
| author_facet | Traian Cristin Nicolae |
| author_sort | Traian Cristin Nicolae |
| collection | DOAJ |
| description | The purpose of this research consists in the schematic presentation of the possibilities of
implementing new financial instruments under the conditions of the use of advanced information
technology tools. The progress of computer technologies based on artificial intelligence and the use
of new hardware devices open opportunities for the instrumentalization of financing solutions in
accounting. The present offers possibilities for economic entities to finance themselves quickly and
at low costs, reducing the time needed to access additional monetary liquidity, compared to
traditional solutions. Alternatives to classic bank financing are emerging. The use of alternative ebanking IT solutions is an important incentive for financing newly established businesses as well as
existing ones. It must be pointed out the need for economic entities to invest heavily to equip
themselves with new hardware and software tools. It's time for changes in approach regarding the
implementation of information systems, of financial and accounting records. |
| first_indexed | 2024-03-12T13:24:01Z |
| format | Article |
| id | doaj.art-288d40a184ca4973b36f472672d549a8 |
| institution | Directory Open Access Journal |
| issn | 2393-3127 |
| language | English |
| last_indexed | 2024-03-12T13:24:01Z |
| publishDate | 2023-08-01 |
| publisher | Ovidius University Press |
| record_format | Article |
| series | Ovidius University Annals: Economic Sciences Series |
| spelling | doaj.art-288d40a184ca4973b36f472672d549a82023-08-25T08:43:21ZengOvidius University PressOvidius University Annals: Economic Sciences Series2393-31272023-08-01XXIII110071013Possibilities of the Development of the Application of Financial Instruments in the Accounting Systems Traian Cristin Nicolae 0„Ovidius” University of Constanta, Faculty of Economic Sciences, Romania The purpose of this research consists in the schematic presentation of the possibilities of implementing new financial instruments under the conditions of the use of advanced information technology tools. The progress of computer technologies based on artificial intelligence and the use of new hardware devices open opportunities for the instrumentalization of financing solutions in accounting. The present offers possibilities for economic entities to finance themselves quickly and at low costs, reducing the time needed to access additional monetary liquidity, compared to traditional solutions. Alternatives to classic bank financing are emerging. The use of alternative ebanking IT solutions is an important incentive for financing newly established businesses as well as existing ones. It must be pointed out the need for economic entities to invest heavily to equip themselves with new hardware and software tools. It's time for changes in approach regarding the implementation of information systems, of financial and accounting records.https://stec.univ-ovidius.ro/html/anale/RO/2023-i1/Section%205/19.pdffinancial solutionsaccountingtehnologies |
| spellingShingle | Traian Cristin Nicolae Possibilities of the Development of the Application of Financial Instruments in the Accounting Systems Ovidius University Annals: Economic Sciences Series financial solutions accounting tehnologies |
| title | Possibilities of the Development of the Application of Financial Instruments in the Accounting Systems |
| title_full | Possibilities of the Development of the Application of Financial Instruments in the Accounting Systems |
| title_fullStr | Possibilities of the Development of the Application of Financial Instruments in the Accounting Systems |
| title_full_unstemmed | Possibilities of the Development of the Application of Financial Instruments in the Accounting Systems |
| title_short | Possibilities of the Development of the Application of Financial Instruments in the Accounting Systems |
| title_sort | possibilities of the development of the application of financial instruments in the accounting systems |
| topic | financial solutions accounting tehnologies |
| url | https://stec.univ-ovidius.ro/html/anale/RO/2023-i1/Section%205/19.pdf |
| work_keys_str_mv | AT traiancristinnicolae possibilitiesofthedevelopmentoftheapplicationoffinancialinstrumentsintheaccountingsystems |