scholarly journals THE EFFECTS OF DIGITAL TRANSFORMATION ON THE ACCOUNTING PROFESSION

2021 ◽  
Author(s):  
Birsel SABUNCU
Keyword(s):  
Digital Transformation ◽  
Accounting Profession

scholarly journals The Interaction between Higher Education Institutions and Professional Bodies in the Context of Digital Transformation: The Case of Brazilian Accountants

2020 ◽  
Vol 10 (11) ◽  
pp. 321
Author(s):  
Osmar António Bonzanini ◽  
Amélia Silva ◽  
Gary Cokins ◽  
Maria José Gonçalves
Keyword(s):  
Higher Education ◽  
Higher Education Institutions ◽  
Economic Globalization ◽  
Digital Transformation ◽  
Degree Programs ◽  
Survey Questionnaire ◽  
Ministry Of Education ◽  
Accounting Profession ◽  
The Social ◽  
Great Pressure

The business economy experienced major changes during the last three decades. The social and economic globalization associated with the fourth revolution put the accounting profession under great pressure toward harmonization and convergence. Still, the route to become a qualified professional accountant varies from country to country all over the world. This paper seeks to understand the evolution of the accounting profession in Brazil and focus on the interaction between higher education institutions (HEIs) and professional bodies, in the context of digital transformation. It is an exploratory study. A survey questionnaire was used to collect data about the perception of the directors of first-degree programs regarding the autonomy of HEIs in defining the curricular contents intended to qualify accounting professionals. The findings show that HEIs are highly influenced by the professional order and Ministry of Education. The limitation associated with this research is that it focusses on one particular professional group in one country.

Prospects of Professional Activity of Accountants in the Conditions of Digital Transformation of Accounting

Auditor ◽  
2021 ◽  
pp. 49-56
Author(s):  
Margarita Koske ◽  
Yuliya Mishuchkova ◽  
I. Voyutskaya
Keyword(s):  
Labor Market ◽  
New Technologies ◽  
Business Management ◽  
Digital Transformation ◽  
Professional Activity ◽  
Accounting Profession ◽  
The Future

This article discusses and analyzes the recently widespread opinion about the future futility of the accounting profession. Indeed, new technologies contribute to a change in the organization of accounting work and the role of accountants in business management, which necessitates the search and substantiation of optimal ways and adequate forms of professional activity of accountants in the context of rationalization and increasing digitalization of management. Nevertheless, the scientifi c accounting community continues to defend the opinion that there are currently no real prerequisites for the disappearance of the accounting profession, as well as a tangible decrease in the demand for accountants in the labor market.

scholarly journals Impact of Pandemic and Digital Transformation on Global Accounting Profession

2021 ◽  
Vol 2 (Spring/Summer) ◽  
pp. 1-9
Author(s):  
Kamala Raghavan
Keyword(s):  
Digital Transformation ◽  
Business Practices ◽  
Accounting Profession ◽  
Significant Drop ◽  
Daily Routines ◽  
Economic Output ◽  
Disruptive Technologies ◽  
People’S Daily ◽  
World Economic ◽  
People's Daily

The COVID-19 pandemic made 2020 the most difficult and challenging year in ways that no one could have predicted, causing major disruptions with unprecedented changes affecting worldwide economies. Its impact has been multidimensional at the personal, organizational, and societal levels. Organizations in all sectors have been focusing on their immediate survival only. World economic output had the most significant drop in over 75 years and affected people's daily routines in almost every country. However, the same disruptive forces of the pandemic accelerated the digital transformation and innovation, causing business practices in the accounting profession to leapfrog decades ahead. This paper presents an overview of the adoption of disruptive technologies and their lasting impact on the accounting profession.

A profession in transition: actors, tasks and roles in AI-based accounting

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Susanne Leitner-Hanetseder ◽  
Othmar M. Lehner ◽  
Christoph Eisl ◽  
Carina Forstenlechner
Keyword(s):  
Delphi Study ◽  
Digital Technologies ◽  
Digital Transformation ◽  
Future Research ◽  
Accounting Profession ◽  
Smart Technology ◽  
Content Type ◽  
Individual Level ◽  
The Impact ◽  
Practical Implications

PurposeThis article ties in with current debates on the digital transformation of society and the consequent work changes. Using an artificial intelligence (AI)-based accounting context, the focus of this paper is on actors, roles and tasks and related skills on an individual level. The authors look at the effect of AI-based “smart” technology on the workforce in the broader accounting profession taking an intrafirm perspective, yet acknowledging that the digital transformation encompasses a much larger field in the financial sector.Design/methodology/approachThe authors conduct a Delphi study to identify the new roles and tasks in future accounting. In addition, the authors use expert workshops to clarify the related tasks and skills and determine whether either humans or AI-based technologies perform the roles or collaborate in professional accounting occupations.FindingsThe results show that tasks and skills for existing professional occupations in the broader acounting context will be subject to major changes in the next 10 years due to (AI based) digital technologies, while “core” roles and tasks will continue to exist in the future, some will not be performed by humans but by AI-based technology. For other “new” roles, humans will need to make informed use of digital technologies and, to some extent, collaborate with AI-based technology.Research limitations/implicationsThe authors look at the effect of AI-based “smart” technology on the workforce in the broader accounting profession, taking an intrafirm perspective.Practical implicationsThis article ties in with current debates on the digital transformation of society and the consequent work changes. Using an AI-based accounting context, the focus of this paper is on the new and adapted roles and tasks.Originality/valueThe comprehensive analysis based on the Delphi study and expert workshops provide ample innovative ground for future research on the impact of AI on organisations and society.

scholarly journals Challenges of accounting in the modern digital environment

Revizor ◽  
2021 ◽  
Vol 24 (93) ◽  
pp. 27-36
Author(s):  
Kosana Vićentijević
Keyword(s):  
Information Systems ◽  
Financial Reporting ◽  
Accounting Information ◽  
Digital Technologies ◽  
Digital Transformation ◽  
Digital Environment ◽  
Global Level ◽  
Accounting Profession ◽  
Financial Reports ◽  
Accounting Information Systems

This paper discusses the implications of the accounting profession in the context of digitization and smart financial reporting. The importance of digital transformation of accounting and auditing teams in the direction of using digital technologies and professional skills for compiling and disclosing smart financial reports of economic entities is emphasized. In this context, the paper lists the skills and knowledge that should be improved by accounting professionals for new sophisticated accounting information systems. The paper concludes that the application of digital accounting will enable the improvement of financial reporting of economic entities at the national and global level.

HIMSS Impact18: Leading Digital Transformation und Big Data in Medicine

2018 ◽  
Vol 23 (09) ◽  
pp. 25-25
Author(s):  
Sabine Schützmann
Keyword(s):  
Big Data ◽  
Digital Transformation

Am 17. und 18. Oktober findet im Hasso-Plattner-Institut (HPI) in Potsdam zum zweiten Mal die HIMSS Impact statt: Ein englischsprachiges Symposium, welches aktuelle Trends im Gesundheitswesen, digitale Strategien und jüngste Forschungserkenntnisse beleuchtet.

An old friend is better than two new ones? Approaches to market research in the context of digital transformation for the antitrust laws enforcement

2020 ◽  
pp. 37-55 ◽  
Author(s):  
A. E. Shastitko ◽  
O. A. Markova
Keyword(s):  
Business Models ◽  
Rapid Development ◽  
Digital Transformation ◽  
Market Definition ◽  
Type I ◽  
Type Ii ◽  
Digital Platforms ◽  
Advantages And Disadvantages ◽  
Pass Through ◽  
Type Ii Errors

Digital transformation has led to changes in business models of traditional players in the existing markets. What is more, new entrants and new markets appeared, in particular platforms and multisided markets. The emergence and rapid development of platforms are caused primarily by the existence of so called indirect network externalities. Regarding to this, a question arises of whether the existing instruments of competition law enforcement and market analysis are still relevant when analyzing markets with digital platforms? This paper aims at discussing advantages and disadvantages of using various tools to define markets with platforms. In particular, we define the features of the SSNIP test when being applyed to markets with platforms. Furthermore, we analyze adjustment in tests for platform market definition in terms of possible type I and type II errors. All in all, it turns out that to reduce the likelihood of type I and type II errors while applying market definition technique to markets with platforms one should consider the type of platform analyzed: transaction platforms without pass-through and non-transaction matching platforms should be tackled as players in a multisided market, whereas non-transaction platforms should be analyzed as players in several interrelated markets. However, if the platform is allowed to adjust prices, there emerges additional challenge that the regulator and companies may manipulate the results of SSNIP test by applying different models of competition.

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