ASSESSING THE IMPACT OF DIGITALIZATION ON ACCOUNTING PROCESSES - A QUALITATIVE-DESCRIPTIVE RESEARCH

In the era of accelerated digitization, the adoption of advanced technologies in the financial-accounting field has become a pressing necessity for streamlining processes and improving transparency. The aim of this research is to analyze the concept of digitization in the new global era as well as to identify the role and impact of digitization on accounting processes. The research employs a qualitative-descriptive methodology based on the literature review on the topic under study, which allowed to achieve the goal deduced from the research. As a result of the literature review, our research has identified that the Romanian accounting system is in the midst of a process of accentuated digitalization, that the accounting and tax regulatory bodies have taken important steps in legislating the digitalization of the Romanian accounting and tax system. The study also highlighted the fact that the e-Factura system, implemented in Romania on a mandatory basis as of 01.01.2024, is an essential tool in the digitalization of accounting processes, intended to simplify administrative processes, reduce human errors and increase tax compliance. We believe that the study can be useful for the state and regulatory bodies with responsibilities in this field, as well as for managers and accounting professionals directly involved in the use and implementation of this system in their organizations.