THE IMPORTANCE OF ACCOUNTING INFORMATION IN CRISIS TIMES

This paper tries to find in what way the accounting information can help economicentities in dealing with crisis. In order to answer this question we start by presenting the type ofcrisis we are dealing with at present, the causes and the effects on the international and nationaleconomic situation generally and the effects on the companies, particularly. We move on bypresenting the role of accounting in supplying public and private information for those interestedand by showing how can this information be used to limit the effects of the crisis and even toovercome it.crisis, accounting, information, costs.

PERCEPTION OF MANAGERS ON PERFORMANCE - EMPIRICAL STUDY CONDUCTED IN THE HOSPITALITY INDUSTRY ENTITIES IN ROMANIA

We seek performance. We want to become performers, but undoubtedly most often we forget to get down to the essence of things, wondering "What is performance?". But what is meant by performance in the hospitality and tourism industry, an industry that is booming at world level, but which, at the same time, in the local area, faces an environment increasingly difficult? What is the perception of managers about this concept? This was one of the questions addressed to managers in the hospitality industry Bihor within a broader empirical research that targeted the importance of accounting information for the management of entities in this sector. The basis of the empirical research is a survey conducted between November 2012 and January 2013, the working tool used being a questionnaire that consists of 38 questions administered on the ground and online. The total population consists of 146 economic entities in the sector in Bihor; the sample consists of 91 tourist entities and the response rate is 62.33 % as a result of research in the field. 83.5% of the managers surveyed said that the most important factor influencing the performance in this sector is the occupancy rate of the capacities available, in second place as a factor of influence being the demand for services and travel packages offered, in the view of 75.8 % of respondents. It is surprising that less than 50% of the managers surveyed identified as a factor influencing the performance the accounting result of the business. Based on these results we also wanted to identify what measures are taken by managers in the sector to increase occupancy rate. The research conducted adds value to the indigenous research on issues regarding management accounting in hospitality and tourism industry, but also in the perception of performance, paving the way for future research. As limitations of our research we can identify the restricted area of application of the questionnaires (Bihor county), but also the large number of questions in the questionnaire that required maximum concentration, managers getting bored while completing the questionnaire

ARTIFICIAL INTELLIGENCE AND JOBS’ FUTURE PROSPECTS IN ACCOUNTING AND FINANCIAL AUDITING

Despite all controversies, the Artificial Intelligence (AI) continues its course in becoming more and more present in our world, with a huge perspective on modelling it. Using its capacity to assist various processes, it becomes a strong support of increased productivity being also perceived as a threat for jobs, professions and society as well. The aim of this qualitative research is to explore the how AI is perceived as impacting on jobs, and about future jobs' prospects in accounting, and financial auditing. We conducted a summary recent literature review regarding AI increasing use in audit and accounting. As existing hundreds of published papers on AI robots and human labour interaction, in the purpose of selecting relevant literature and for reaching to the mainstream consensual conclusions, input from three AI bots was used, as paper further describes. This paper is structured so readers may follow and further debate this issue around three research questions: are accounting, and financial auditing suited to be assisted by AI, what about existing jobs in this phase of AI usage, and what should happen next with professional’s jobs as long as AI keeps spreading and developing? Conclusions of this explanatory – predictive research are aimed to support future accounting and financial auditing related educational initiatives in the context of AI development and pervasion, but also future research on more detailed aspects of interrelations with human increasingly adapted work

CONTROVERSIAL ASPECTS REGARDING THE ACCOUNTING HARMONIZATION PROCESS IN ROMANIA. HARMONIZATION, CONVERGENCE OR CONFORMITY?

The new configuration of the international economic relations which are in a general globalization process determined by the international capital circulation requires the compatibility and comparison of the information provided by the financial statements. The investors and the entrepreneurs wish to understand and to be able to compare the entities financial situation and performances, no matter the juridical and accounting system which are subdued to by their localization. The differences between the important variety of the accounting systems were identified long time ago and since then there have been efforts made in order to conceive a economic financial reporting structure, accessible to the entire accounting world. Therefore, there is the need of normalization, harmonization, and convergence in accounting. Our intention in the current paper is to bring again into discussion the problem of accounting harmonization, emphasizing a few aspects which in the Romanian context we consider to be controversial and which require some clarifications. This paper represents a brief review of the evolution of the accounting harmonization in Romania, analyzing the difficult moments and mainly it is focused on the conceptual understanding of the concepts of harmonization, convergence, and conformity in the Romanian accounting. Our approach is not an exhaustive one, but it has as objective to reflect on the importance of the stages of accounting modernization in Romania. In the last part of this paper, the conclusions that we reached after study, are presented synthetically, as well as the continuation of the approach initiated in other papers