entrep1240

RISK MANAGEMENT AND ACCOUNTING WITH FINTECH

Ani Stoykova
Mariya Paskaleva
Dinko Stoykov

Abstract

The reporting and organization of accounting activities are changing with the advent of new FINTECH technologies in our daily life and the business environment. And, in particular, new technologies provide new opportunities for the development and improvement of the accounting organizational structure in individual enterprises. This report presents new opportunities related to artificial intelligence technologies for managing accounting documents, providing accounting services, and risk management. We can conclude that potential blockchain applications are important, especially in financial and accounting services, where cross-border payments are already implemented.

 

Keywords

FinTech, accounting, risk management

 

JEL Codes: G32, M41

 

References

Andasarova-Georgieva, R. (2015). Upravlenie na kreditniya risk v targovskite banki v usloviya na kriza, Avtoreferat. s. 9.

Cai, C. (2018). Disruption of financial intermediation by FinTech: a review on crowdfunding and blockchain. Accounting & Finance. 10.1111/acfi.12405.

Conrad, A. (2019). Small businesses are upping their Fintech spending in 2019: Here’s why. https://blog.capterra.com/articles/finance-software/accounting/.

Galits, L. (1994). Finansov inzhenering. Delfin pres, Burgas.

Ganchev, G. (2010). Finansite kato sistema: evolyutsiya, teoriya, politika. Yugozapaden universitet „Neofit Rilski”, Blagoevgrad.

Ganchev, G. (2017). Money, Cycles and Complexity. World Economics Association Conferencies: Economic Philosophy: Complexities in Economics.

Gerunov, A. (2019). Risk management: typologies, principles and approaches, Entrepreneurship. Volume: VІI, Issue: 2, pp. 205-244 http://ep.swu.bg/images/pdfarticles/2019/RISK_MANAGEMENT_TYPOLOGIES_PRINCIPLES_AND_APPROACHES.pdf

Hermann, M., Pentek, T., Otto, B. (2016). Design Principles for Industrie 4.0 Scenarios. Proceedings of 49th Hawaii International Conference on System Sciences HICSS, Koloa, 5-8 January 2016, 3928-3937.

Hristova, Hr. (2019). (Ro)bot vs Schetovoditel, ili pone tri prichini da ne podtsenyavame rolyata na estestveniya intelekt v profesiyata, http://www.karieri.bg// .

Ionescu, B., Ionescu, I., Bendovschi, A., Tudoran, L. (2013). Traditional accounting vs. Cloud accounting. Conference: Accounting and Management Information Systems - AMIS 2013.

Jorion, P. (2007). Value at Risk, 3rd Edition edn., McGraw-Hill, New York.

Larsson, A., Teigland, R., Siri, S., Puertas, A., Bogusz, C. (2018). The Rise and Development of FinTech: Accounts of Disruption from Sweden and Beyond.

Lemieux, V. (2016). Trusting records: is Blockchain technology the answer? Records Management Journal, 26 (2), pp. 110 - 139. 

Özdemir, S., Elitaş, C. (2015). The Risks of Cloud Computing in Accounting Field and the Solution Offers: The Case of Turkey. İşletme Araştırmaları Dergisi, 7, pp. 43-59.

Petrova, P. (2018). Industriya 4.0 i schetovodstvoto: predizvikatelstva i vazmozhnosti, Mezhdunarodna konferentsiya „Ikonomicheski i upravlenski politiki i predizvikatelstva kam Industriya 4.0. Tehnologiya ili ideologiya“, Sbornik s dokladi, str. 242- 247.

Radilov, D. S. (2019). Statistical information and the digital economy in the globalized world. Economics and Management, XVІ (2), pp.1-10. http://em.swu.bg/images/SpisanieIkonomikaupload/Spisanieikonomika2019/STATISTICAL%20INFORMATION%20AND%20THE%20DIGITAL%20ECONOMY%20IN.pdf

Semova, M,, Dimitrova, V.,  Haralampiev, K. (2018). Kriptovaluti i finansirane na sotsialni i protivoobshtestveni proekti. Mezhdunarodna konferentsiya „Ikonomicheski i upravlenski politiki i predizvikatelstva kam Industriya 4.0. Tehnologiya ili ideologiya“, Sbornik s dokladi, str. 270-279.

Simeonov, S. (2005). Finansovi derivati, ABAGAR, Veliko Tarnovo.

Stateva, Y. (2015). Finansovi derivati, Izdatelski kompleks-UNSS, Sofiya.

Strategiya za nablyudenie na finansovite tehnologii (FinTech) v nebankoviya finansov sektor (2018 g. – 2020 g.), prieta ot KFN prez 2018 g.

Tapscott, D., Tapscott, A. (2017). How blockchain will change organizations. MIT Sloan Management Review, 58(2), pp. 10–13.

Tsenkov, V. (2017). Zastrahovatelni otnosheniya, Izdatelstvo BON, Blagoevgrad.

Uils, Dzh. (1994). Upravlenie na riska v bankovata sfera, Izd. "Hefest", Plovdiv, s. 9.

Valkanov, N. (2019). Mitigation of regulations burden in financial sector by application of high tech solutions, Economics and Management, XVІ (1), pp. 19-30. http://em.swu.bg/images/SpisanieIkonomikaupload/Spisanieikonomika2019/MITIGATION%20OF%20REGULATIONS%20BURDEN%20IN%20FINANCIAL%20SECTOR.pdf

Yermack, D. (2017). Corporate governance and blockchain. Review of Finance, 21(1), pp.7–31.

Zacharoula, L. (2019). Innovate practices in education management in Greece. Economics and Management, XVІ (2), pp.141-156. http://em.swu.bg/images/SpisanieIkonomikaupload/Spisanieikonomika2019/INNOVATE%20PRACTICES%20IN%20EDUCATION%20MANAGEMENT%20IN%20GREECE.pdf

 

Full Text: PDF (English)