Implications of Accounting and Tax Treatment of Cryptocurrencies

The digital revolution is changing everyday business and creating new technologies and tools that allow companies flexibility and simplicity in doing business and increase business performance. The digital age creates new concepts that also affect accounting processing, which presents new challenges in accounting practice. One of the most significant changes and innovations within accounting processing and the financial industry is the emergence of cryptocurrencies that create a completely new financial business concept. Cryptocurrency is the equivalent of electronic money and is completely digital. Although cryptocurrencies and transactions with cryptocurrencies are frequent appearances in today’s modern business, accounting and tax treatment in the Republic of Croatia and other European Union countries but also beyond is not fully established and adjusted for doing business with cryptocurrencies, which requires strict regulation and adjustment operations with cryptocurrencies. As cryptocurrencies become more popular, so do taxes on cryptocurrencies that vary from country to country. Cryptocurrencies are associated with risks such as money laundering, terrorist financing, and tax evasion, which require the establishment of a regulatory body and the implementation and application of regulations in the function of the transparent business with cryptocurrencies. This paper aims to investigate the characteristics of cryptocurrencies and their financial, accounting, and tax treatment. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

The Impact of Blockchain Technology on Food Waste Management in the Hospitality Industry

This paper examines blockchain technology and food waste management in the hospitality industry. Food waste prevention is an important issue for hotels, as food consumption is difficult to estimate, often leading to huge amounts of waste. Food waste occurs at each stage of the food supply chain and represents a big percentage of hospitality waste. Although many studies examine the difficulties of food waste management, only a limited number of studies examine the stages of food waste inside food supply chains. The coordination of food supply chains can be supported by blockchain technology, which can break the supply chain into smaller parts and help managers to better mitigate food control. To address these issues, this paper conducts an extensive literature review, firstly to clarify the concept of food waste management in the hospitality industry and secondly to examine the benefits of the use of blockchain technology in food supply chains. Combining the obtained knowledge, this study aims to analyze the relationship between blockchain and food waste management practices. It also aims to examine how this combination boosts hotels to increase their performance and gain customers’ loyalty. Therefore, this paper analyses food waste management in the hospitality industry makes propositions on how blockchain technology could support food waste management in the food supply chain and forms the base for future research. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Doing Business in the ‘New Normal’: COVID-19 School Leaders’ Language Manners

As the not-so-new-now coronavirus pandemic has affected all walks of life, education has not been an exemption; what is more, it is one of the most severely hit sectors. The unknown crisis created unprecedented circumstances for all participants in the education process, and school leaders have had a double job: to navigate their institutions and to look after their employees. The latter is a pretty delicate task - they have had to keep doing business and running their companies while minding the language since physical distancing necessitated the use of electronic communication, thus making room for vagueness and even misinterpretations. Ten education leaders of primary and secondary schools in North Macedonia have been video-interviewed on everyday COVID-19-related situations from their workplace context. Discourse completion tasks (DCTs) have been employed as a data elicitation method. Being given the open-ended, only topically specified scenarios, the respondents are asked to recreate their language reaction to situations that have happened in their newest pandemic work life. The interviews have been transcribed, and the leaders’ language choices have been analyzed. The findings show that, luckily, the leaders have been mindful about their words and have mostly chosen to use positive, calm, and encouraging language. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Alone or Not Alone? – The Attitudes of Hungarians Towards Solo Travel

Before the COVID pandemic, solo travel was getting more and more popular – especially among women travelers. Both demographic, social trends, and inner motivations enhanced the popularity of this type of travel. The aging society and the single lifestyle increased the demand on the one hand, while on the other hand, the desire for self-realization, to find new ways of life, escapism, the thirst for self-confidence drive more tourists to travel alone. In the case of women travelers, their increasing decisive power and independence also boosted solo travel. The tourism industry also offers several attractions specially designed for them. The post-pandemic era will show how this special group of travelers will react to the changed circumstances and how they will change their travel habits. The paper examines how frequently Hungarian respondents travel alone and what their attitudes towards this type of traveling are. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Improving Sustainability of Technical Ceramics Production: Synergistic Approach

Sustainable development is a concept focused on preserving current resources for them to be available to future generations as well, while at the same time fulfilling current human needs and facilitating adequate levels of development. Nowadays, there are many possible applications of sustainability principles, such as in the fields of the economy, agriculture, environment, energy, transport, architecture, and production. Sustainable production of materials and goods aims at improving the processes which are less damaging to the environment, which conserve natural resources and use low levels of energy, possibly derived from sustainable sources. One of the intensive energy- and resource-consuming industries is the conventional production of technical ceramics. Although non-toxic, ceramic waste is generated during the machining of the green bodies and is typically landfilled. To improve the sustainability of technical ceramics production, methods of recycling ceramic waste need to be developed and applied. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Can the Trust in Uber-like Platform Use Be Translated into Parcel Logistics?

Rising expectations for urban logistics are the biggest challenge for parcel service providers. The increased costs posed by obstacles reduce profitability, and providers are forced to develop a novel operating model based on cooperation. The new model can combine what is known so far, which can be integrated into a platform-based system to implement collaborative resource sharing. The implementation of the platform will result in the introduction of a new player and the creation of a partly common ICT background. The platform-based approach is known in the context of the sharing economy initiative, which has also brought a novel trust-based model to life. On the one hand, this article presents a possible business model for parcel logistics providers and, on the other hand, the operation of a third-party IT platform and the method of resource allocation designed to reduce costs. In addition, it presents the possible reasons for the intention to join the platform and the conditions necessary to maintain the platform. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Smart Optimization of Proactive Control of Petroleum Reservoir

Artificial Intelligence plays an increasingly important role in many industrial applications as it has great potential for solving complex engineering problems. One of such applications is the optimization of petroleum reservoirs production. It is crucial to produce hydrocarbons efficiently as their geological resources are limited. From an economic point of view, optimization of hydrocarbon well control is an important factor as it affects the whole market. The solution proposed in this paper is based on state-of-the-art artificial intelligence methods, optimal control, and decision tree theory. The proposed idea is to apply a novel temporal clustering algorithm utilizing an autoencoder for temporal dimensionality reduction and a temporal clustering layer for cluster assignment, to cluster wells into groups depending on the production situation that occurs in the vicinity of the well, which allows reacting proactively. Then the optimal control of wells belonging to specific groups is determined using an auto-adaptive decision tree whose parameters are optimized using a novel sequential model-based algorithm configuration method. Optimization of petroleum reservoirs production translates directly into several economic benefits: reduction in operation costs, increase in the production effectiveness and increase in overall income without any extra expenditure as only control is changed. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Visualisation of Perception of Experiential Activities in Business and Administration and Economy

This paper explores how to incorporate information visualization tools into qualitative studies to represent the underlying structure of knowledge. Information visualization plays a key role in many areas such as decision-making, data mining, market studies, or knowledge management. A case of experiential learning was developed for Quantitative Techniques in Business and Administration and Economy Degrees at the University of Granada, Spain. The goal is to analyze the opinion of students (n = 227) on the development of the activity through information visualization techniques. The gathered information was subjected to a categorization process to unify and homogenize the responses. After a term-clumping process, a co-word analysis using the VosViewer software is used to analyze the relationships among terms and provide the network maps. Results display the main associations and clusters of terms used when assessing the experiential activity, using qualitative techniques. In conclusion, the strengths of data visualization enabling a better understanding of data for qualitative studies are established. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Bibliographic Analysis of Basic Leadership Models in a Global Environment

Leadership is one of the functions of management, and unlike other management functions, it cannot be partially transferred to others, so leadership becomes the most important and real function of management. It is a ubiquitous and current topic because successful leadership is a skill that is present in different aspects of life and organizations, such as in a company, the state, in wars, or within the family. The art is to influence other people and relationships so that they are willing to achieve set goals. Leadership is an action, not a position that is automatically gained by a position in an organization. The phenomenon of leadership and successful leaders always capture the attention of not only the scientific but also the social public. Given the large number of studies conducted and studies written on the importance and the impact of leadership, numerous models, approaches, and leadership theories have been formed. The paper aims to shed some light on the research trends of leadership types in scientific literature. The Scopus database has been researched using the keywords “leadership type”, which resulted in 127 journal articles. A bibliographic analysis has been conducted with the focus on the timeline of publications, trends in leading authors, institutions, and countries, and the financing institutions analysis. Citation analysis has also been conducted with the focus on papers with the highest number of citations. Topics of the papers have been analyzed using the text mining analysis, which revealed a variety of management-related topics. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Augmented Reality and Virtual Reality-Based Technology in Cultural Tourism

The paper intends to scrutinize the effects of augmented (AR) reality and virtual reality (VR) technology implementation in cultural tourism. Therefore, the paper explored and presented the following: (i) AR, and VR (AR/VR) based technology concept in general, (ii) AR/VR technologies application in cultural tourism with an emphasis on their potential to protect cultural heritage; (iii) the overview of AR/VR presence in cultural tourism in the 27 European Union countries (EU-27). In the discussion part, besides empirical results based on the EU-27 desk research, AR/VR technologies in cultural tourism are additionally reconsidered from the aspect of climate change. In conclusion, what is encouraged is the application of AR/VR in cultural tourism due to the benefits AR and VR bring in terms of (i) delivering quite substantial content to their visitors any time from any place, (ii) reducing the negative impact of tourism on cultural heritage and (iii) developing related strategies based on more sustainable principles and concepts. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.