Impact of Emerging Technologies on Accounting

Running Head: ACCOUNTING
Accounting
Name of the Student
Name of the University
Author Note

ACCOUNTING
1
Executive summery
The emerging technologies in the twenty first century have benefited several fields and one such
field is accounting. The business information system related to accounting have shown its
positive effects as the information meets with technology and creating an efficient area of easy
transaction of documents and money. The system collects data and process those data for
generating required information and later takes important decisions. The introduction of
Artificial Intelligence with accounting have enable the financial companies to manage huge
amount of data efficiently and accurately. The AI chat-bots are doing several tasks of accounting
in place of humans such as, payment closure, expense management, audits etc. The structured
format of electronic fund transfer with the means like electronic mailbox have increased security
of documents and funds. This process also allows the transfer of invoices, orders, accounting
sheets etc. This process is considered to be safe, fast and less time consuming.

ACCOUNTING
2
Table of Contents
Introduction......................................................................................................................................3
Business Information System on Accounting..................................................................................4
Impact of Artificial Intelligence (AI) on Accounting......................................................................5
Electronic data transfer on Accounting...........................................................................................7
Conclusion.......................................................................................................................................8
Reference.........................................................................................................................................9