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Accounting (I) : New Forms of Economics

Accounting (I) : New Forms of Economics

Accounting, course against obsolescence

Many sectors seem suspended in time with regulations, laws and habits typical of the last century. Some of these industries have suffered strong conversions and losses of specific weight and are on the verge of evolutionary extinction, phagocytosed by globalized giants that move figures with many zeros. Others, however, seem to be safe from these storms, oblivious to the turbulence, accounting has been relatively static over time.
For a long time the area of business administration was like this, with its idioms and reforms, but solid and immutable because the agents involved (companies, consumers, workers, inflows and outflows of money, etc.) were always of the same nature.
But the things have changed. We now have prosumers, the collaborative economy, and a host of alternative approaches that, in addition to being innovative, are a very interesting source of funding or business. However, they also have their downsides. Take, for example, the acclaimed project "The Cosmonaut“, champion of the crowdfunding Hispanic, which represented a step forward and the widespread use of crowdfunding among the "non-freak civilian population." More than 400,000 euros were raised through "5,000 producers" plus a flood of public aid. A year later, a regulatory interpretation trial materialized in an administrative claim that led to Riot Cinema Collective SL bankrupted. Beyond interpretations and second readings, it is clear that having qualified technical personnel in the accounting of the accounts and a clear direction when interpreting them could surely have avoided this fateful end.
Front of innovation without control there must be the temperance to understand the new scenarios and the ability to contact and speak with the public and private organizations involved to ensure that every step the company takes complies with current regulations.
That is the added value that we incorporate into our Higher University Course in Business Accounting, endorsed by the King Juan Carlos University, whose two pillars are classic finance and the new scenarios of monetization and commercial relationships that are occurring in businesses such as Fintech, he Crowdlending or the Crowdsourcing, etc.

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