Question

Discuss the modern day accountant’s role in the current technologically dominated business environment. Explain your answer.

Answer 1

Modern organizations are increasingly becoming more complex thereby it requires the complete, transparent, reliable and accurate information that can be accessed quickly for the decision making.

Most of the companies now separated with the owners and Management due to which Accountant roles become more vital and important.

Accountant is a Person who performs financial data collection, entry and report generation. His roles also includes financial functions related to the collection, recording, correctness, analysis and reporting of a business operations and Performance.

The Accountant has to ensure that they are safeguarding the Integrity of Financial Reporting. His Importance has grown further has he have become important asset because he possess the quality to speak in the language of business.

Due to Introduction of Modern technologies its important for the accountant also to have the basic knowledge of those technologies so that they have their own independent view. Also Modern Technologies equipped accounting software’s are also helping accountant but it’s important that they should be well versed with those software’s so they can utilize it fully.

Nowadays in Business Strategy Function also accountant need to coordinate and draft a practical business strategy for the organization and which will help top management.

So the Accountant roles has become wide and also very important