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In: Economics

What is the role of the accountants in the advent of the digital revolution?

What is the role of the accountants in the advent of the digital revolution?

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Expert Solution

Answer: In modern days due to advance of technology and use of it in all most all sector of the economy made the work easy for the workers. Due to this less persons are required to carry out the job, so most of the people are loosing their job. Recently the artificial intelligence has made an significant change in all most all sectors.

The main work of the account is to prepare and examine the financial records. But due to artificial intelligence the work can be done by a computer by writting some programs. Now a days various accounting softwares are which can be operated by any person having besic computer knowledge. So the requirement of the professional accountant is not necessary. But they are helping the programmer to write the program for the development of the accounting software. Without the proper knowledge of accounting one can not write the program for it. So the programmer can not do the work of accountant and the accountant can not do the work of programmer. So the the person should be know both computer programming as well as accounting to develop the software. So in recent days account engineering professon has emerged who help to develop the software for digital accounting.


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