Publications

The COVID-19 outbreak and the related lockdowns have significantly affected business organisations' activities and resulted in supply chain disruptions, decreased consumer spending, significant loss of clients, closures of locations, staff lay-offs, and work restrictions. The pandemic has created accounting and reporting implications, challenging financial and management accountants, auditors, and accounting educators. The long-term ramifications of the pandemic for businesses and employees are still unclear since no one knows how the crisis will unfold. Many effects are not visible as yet, or they are challenging to measure and quantify. Our book offers an insight into the implications of the COVID-19 pandemic on accounting, business practice and education by taking a global perspective.

The authors addressed the following areas:

1)      regulatory (by presenting the impacts of changes in the legal frameworks that have affected accounting and business practice;

2)      macroeconomic (by revealing the implications of selected pandemic measures and their latencies on the stock exchange indices);

3)      microeconomic (by pointing out the role of information and communication technologies for management control systems in times of the COVID-19 pandemic and the impact of digitalisation on the adaptation of controllers to the effects of the crisis);

4)      educational:

• by reflecting the role of digital transformation and technological progress in overcoming the challenges of the COVID-19 pandemic in higher education,
• by analysing the perception of distance learning by the students,
• by exploring the organisational aspects of online teaching and examining,
• by assessing the pros and cons of asynchronous learning,
• by researching the students' engagement in online education.

This monograph raised essential questions, which have not been left unanswered. Firstly, from a pragmatic perspective, it was crucial to answering how the emerging problems have been solved. Secondly, it seems interesting whether and how the positive changes have been embedded in the organisations and institutions. The COVID-19 pandemic and its repercussions will probably still be with us in the future, affecting business practice, education and personal life. The vaccination process will slow down the spread of the virus. Still, the awareness of the threats posed by globalisation will accompany us forever. The lessons that we have all learnt from this unprecedented time are of the most importance.