Automation And Artificial Intelligence In Accounting: How New Technologies Are Disrupting The Industry

Technological advancements have revolutionized the accounting industry, with automation and artificial intelligence transforming the way businesses manage their finances and make decisions. Automation technologies like robotic process automation (RPA) are streamlining data entry and reducing errors, while cloud-based accounting software provides greater flexibility and collaboration. Artificial intelligence is being used to analyze financial data and provide insights and recommendations. The adoption of new accounting standards such as IFRS and XBRL is also shaping the future of financial reporting, increasing transparency and comparability

Keywords:

Technology , Automation , Cloud computing , Artificial intelligence , Accounting