🔥MODEM ACCOUNTING TRENDS🔥

-

ALL ABOUT ACCOUNTING : 50th BLOG

         💎ACCOUNTING💎

⭐ MODEM ACCOUNTING TRENDS :

Hi friends 🙏

Today's discuss fifth learning section... 

                                   So let's discuss ....

Many accounting leaders and accountants are feeling the business impact of automation and high-tech systems. As a matter of fact, a Sage report reveals that about 90% of accountants feel that accountancy is undergoing a cultural shift that is leaning more toward technological adoption.

This cultural shift is driven by several factors. The report attributes it to marketing demands, regulations, generation change, and client demands, as well as investments that businesses make to keep pace with the accounting world. With such a transformation in the industry, more and more accounting leaders and professionals are discovering new strengths in utilizing advanced solutions for accounting processes.

Most services in the accounting industry are vulnerable to disruptions. There is a need to reshape organizations given recent developments. These future t rends in the accounting profession reflect these developments. Aspiring professionals in the field have to take to heart the emerging accounting trends and techniques to make inroads in the talent market.

In the following sections, we’ll dive into more comprehensive discussions of each accounting trend and technique in the accounting industry.

  *Modem Accounting processes
  1. Automated accounting process 
  2. Rise of accounting software solutions
  3. Outsourcing accounting functions 
  4. Cloud-based accounting 
  5. Focus on data analytics 
  6. Block🔗chain 
  7. Utilizing social media 
  8. Advisory services 
  9. Role of AI [Artificial intelligence] 
  10. Big data in accounting 
  11. Remote work setting



Remaining part of Accounting trends discuss in 51st blog... 

                                                                                                           So wait my 51st blog... 
 
                                                                             
                                                                                 ★★★★★★★★★                                                      

* Buy some computer accessories:- 
                                                                                             
                            ★★★★









Comments

Post a Comment

Hi freinds 🙏., Pls give your opinion 👌in comment section.,and share this content.🤝🤳

Popular posts from this blog

DUAL ASPECT CONCEPT OF ACCOUNTING

-
Image
ALL ABOUT ACCOUNTING :- 23rd BLOG   ☆☆☆ACCOUNTING☆☆☆ Hi freinds.,  🙏 Today's discuss 6th concept of accounting....                                              So let's discuss .....      ★ DUAL ASPECT CONCEPT :- Dual aspect is the foundation or basic principle of accounting. It provides the very basis of recording business transactions in the books📚 accounts. This concept assumes that every transaction has a dual effect, I.e. it affects two accounts in their respective opposite sides. Therefore, the transaction should be recorded at two places. It means, both the aspects of the transaction must be recorded 🔘 in the books of accounts.                   Thus the duality concept is commonly expressed in terms of fundamental accounting equation 👉                [Assets = Liabilities + capital]   The above accounting equation states that the assets of a business are always equal to the claims 🛄 of owner/owners and the outsiders. This claim is also termed as capital or owners e
Read more

👑 RECORDING CHANGES IN FINANCIAL POSITION👑

-
Image
ALL ABOUT ACCOUNTING : 38th BLOG        💎 💎 ACCOUNTING💎💎 ★ Accounting exercise and practices :   Lesson : 3 [Part : 1] Hi friends  🙏 Today's discuss recording changes in financial position.....                                       So let's discuss .... ♤ RECORDING CHANGES IN FINANCIAL POSITION : The recording of Changes in Financial Position is often referred to as the Cash Flow statement. It provides information about the operating, financing, and investing activities of the company and the effects of those activities on the cash position of the company. ♤ FINANCIAL POSITION IN ACCOUNTING :   The statement of financial position, often called the balance sheet, is a financial statement that reports the assets, liabilities, and equity of a company on a given date. In other words, it lists the resources, obligations, and ownership details of a company on a specific day. * Indicates, with a check mark ☑️ how the following would be recorded : Description of transactions   Deb
Read more

MODEM ACCOUNTING TRENDS [PART : 6]

-
Image
⭐  MODEM ACCOUNTING TRENDS : Hi friends  🙏 Today's discuss sixth accounting trends...                                     So let's discuss ....  6️⃣ BLOCKCHAIN IN ACCOUNTING : Blockchain is an accounting technology. It is concerned with the transfer of ownership of assets, and maintaining a ledger of accurate financial information. ... For accountants, using blockchain provides clarity over ownership of assets and existence of obligations, and could dramatically improve efficiency. The accounting industry needs to understand blockchain technology more and for good reasons. Blockchain is already changing the accounting sector by lowering the costs of reconciling and maintaining ledgers. It also provides the needed accuracy in terms of ownership and history of assets. With blockchain technology, accountants gain a more unobstructed view of their organization’s obligations and available resources. The Big Four in the accounting industry—Deloitte, Price Waterhouse, Ernst Young, an
Read more