Transformation of The Accounting Profession in Terms of The Economy of The Future
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Date
2019
Authors
Slyozko, Tetyana
Kurilo, Lyudmila
Mazina, Oleksandra
Journal Title
Journal ISSN
Volume Title
Publisher
Abstract
This study examines the transformation of the accounting profession that will occur under the
influence of the Fourth Industrial Revolution of the economy of the future. The presented
paper firstly shows how the revolution may drastically change accounting as well as the
accounting profession; secondly, the possibilities of accounting methods in accounting
practice under the influence of the factors of the Fourth Industrial Revolution; thirdly, the
robotization of accounting procedures; fourthly, accounting procedures the organization of
which is not subject to robotics. Finally, despite significant changes in the accounting
profession, it is proven that it will remain the same, especially in part of the organization’s
processes, since artificial intelligence or robotics cannot make managerial decisions on the
organization of accounting apparatus, cannot perform certain accounting work and apply
accounting methods in accounting processes.
Description
Keywords
Accounting, Economy, Methods, Procedures, The fourth industrial revolution, article
Citation
Slyozko T. Transformation of The Accounting Profession in Terms of The Economy of The Future / Tetyana Slyozko, Lyudmila Kurilo, Oleksandra Mazina // ACC Journal. - 2019. - Vol. 25, Issue 3. - P. 34-45.