Accounting Disrupted: How Digitalization Is Changing Finance

Accounting Disrupted: How Digitalization is changing Finance provides an analysis of the new technological forces buffeting the accounting profession and identifies key pathways to responding to the challenges. It shows how established business fundamentals are being eclipsed and that accounting has not been spared. The author makes a compelling case that accounting needs to reshape itself from the core and that big data, blockchain, robotic process automation, and artificial intelligence can help accountants adapt to new realities.

Format: Hardback
Length: 192 pages
Publication date: 03 May 2021
Publisher: John Wiley & Sons Inc

Accounting Disrupted: How Digitalization is Changing Finance is a comprehensive exploration of the transformative technological forces reshaping the accounting profession. Authored by distinguished accountant, academic, and author Al Bhimani, the book delves into the profound shifts occurring within the field, highlighting how established business fundamentals are being overshadowed. It emphasizes that accounting has not been spared from these changes.

Within its pages, readers will gain valuable insights into how digitalization, encompassing big data and artificial intelligence (AI), is impacting audit work and financial management practices. The author emphasizes the importance of learning quickly from diverse data sources to adapt to the evolving accounting environment. Moreover, the book underscores the need for accounting information to shift its focus from historical financial activities to future predictions and outcomes.

In a world characterized by changing risks, data growth, rapid digitization, and heightened regulation, finance must adapt accordingly. The author makes a compelling argument that accounting faces a critical juncture, necessitating a fundamental reshaping from the core. Conventional financial analysis, deemed cumbersome and slow in the digitalized era, fails to meet the demands of executives in these organizations.

To address this challenge, the book offers practical examples and case studies showcasing how big data, blockchain, robotic process automation, and artificial intelligence can assist accountants in adapting to the new realities. It provides a roadmap for finance leaders in both the private and public sectors, equipping them with the tools and knowledge needed to navigate the evolving technological and professional landscape.

Accounting Disrupted is an invaluable resource for accounting students as well, serving as a comprehensive guide to preparing for the technological and professional environment they will soon enter. It offers a comprehensive understanding of the latest trends and innovations in accounting, enabling students to develop the skills and expertise required to thrive in the fast-paced world of finance.

In conclusion, Accounting Disrupted: How Digitalization is Changing Finance is a must-read for anyone interested in understanding the future of accounting and finance. Through its insightful analysis, practical examples, and comprehensive approach, the book provides valuable insights and strategies for navigating the digitalization era. Whether you are a finance professional, an accounting student, or simply someone seeking to stay informed about the latest developments in the field, this book is an essential resource.

Weight: 372g
Dimension: 236 x 160 x 26 (mm)
ISBN-13: 9781119720065