Accounting Transformation in Digital Era

Author(s)	Manisha Verma, Rajanikant Verma, Utkarsh Tripathi
Country	India
Abstract	The progression of technology has undeniably yielded a profound and incontrovertible influence upon the realm of accounting. Historically, accountants relied upon manual calculations and paper-based ledgers to reconcile financial statements, a practice that often resulted in the generation of imprecise and labour-intensive financial records, plagued by numerous computational inaccuracies. However, within the context of the present dynamic era, enterprises specializing in technology have pioneered the conception and refinement of automated accounting software, thereby facilitating a streamlined, precise, and time-efficient accounting process. Over recent years, the landscape of the accounting profession has experienced radical metamorphosis following the advent of blockchain technology and artificial intelligence, which have indelibly revolutionized the very foundations of accounting, ushering in new paradigms and prospective trends.
Keywords	Information Technology, Accounting, Blockchain Technology, Artificial Intelligence, Accounting Software
Field	Business Administration
Published In	Volume 5, Issue 4, July-August 2023
Published On	2023-08-22
Cite This	Accounting Transformation in Digital Era - Manisha Verma, Rajanikant Verma, Utkarsh Tripathi - IJFMR Volume 5, Issue 4, July-August 2023. DOI 10.36948/ijfmr.2023.v05i04.17498
DOI	https://doi.org/10.36948/ijfmr.2023.v05i04.17498
Short DOI	https://doi.org/gtq3bs

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