Emerging Trends in Accounting and Technology

Registration ID: IJNRD_192060

Published ID: IJNRD2304471

DOI: Click Here to Get

Vivek Chandra Pandey , Dr.Sunil Kant Mishra

Accounting is the face of the any business entity as it speaks about the performance either operational or financial performance or both. It speaks about all the facts and data which shows the actual position of the business. Accounting is not mere the source of information but it provides various decisions making tools. The area of accounting is rapidly evolving with the rise of technology. Automation, minibots, machine learning, and adaptive intelligence are becoming part of the finance team at lightning speed in the area of accounting. Artificial intelligence technology may seem new, but many companies are already using basic automated accounting processes. Accounting tasks and processes that machines can do or streamline, It includes maintaining supplier details, accounts payable details, maintaining ledger and positing of transaction, audits, procurement, purchasing, expense management, close processing, and customer queries. Artificial intelligence technology is shaping the future of accounting by impacting the types of fields and new jobs. As new artificial intelligence systems handle repetitive work, humans will deal with more of the other work and analysis, becoming the crucial link between data and clients. Technology will always emerge and will bring new changes and the demand for accounting will always be with the new role. To gain a more complete understanding of new integrated accounting technologies and advanced analysis techniques, individuals may want to earn accounting degree, which can help students develop skills in areas such as management accounting, financial management, and advanced financial reporting. Future of accounting is diverse and have wider scope. A good integration of accounting with the technology will lead to enhance the scope of accounting.

Published Paper   E-Certificate

Vivek Chandra Pandey & Dr.Sunil Kant Mishra (April-2023). Emerging Trends in Accounting and Technology. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 8(4), e509-e514. https://ijnrd.org/papers/IJNRD2304471.pdf

Volume 8 Issue 4, April-2023

Pages : e509-e514

Paper Reg. ID: IJNRD_192060

Published Paper Id: IJNRD2304471

Downloads: 000121983

Research Area: Commerce

Country: GORAKHPUR, U.P., India

Published Paper PDF: https://ijnrd.org/papers/IJNRD2304471.pdf

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Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016

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