Technological innovations Assignment

Running Header: TECHNOLOGICAL INNOVATIONS
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Technological Advancement

TECHNOLOGICAL INNOVATIONS 2
Table of Contents
Introduction................................................................................................................................3
Impact of technological innovations on accountant skills.........................................................3
Impact of artificial intelligence on accountant skills in future...................................................4
Impact of accounting software automation on accountant skills...............................................5
References..................................................................................................................................6

TECHNOLOGICAL INNOVATIONS 3
Introduction
Technological innovation has changed the way in which business work especially the
accountant skills. The innovation of technology has changed the way of working. It has made
accounting automatic as now days it is handled by software’s which had made accounting
automatic (Getapp, 2017). This has eliminated the manual efforts and has saved the time that
is associated to do manual work. The technology has made possible to complete the same
task by making accounting easy and same process are also processed automatically.
Technology has made accounting easy as there are various software’s that available to
produce the output by just taking input (Barrett, et. al, 2015).
Impact of technological innovations on accountant skills
The innovation of technology has somewhere made accounting system flexible as
users can access accounting data securely from any place. Technology has offered online
accounting possible which has proved to be easy for users. Technology has also made people
rely on the output as the calculations produces are so accurate that an individual could
comely rely on them (Watty, McKay and Ngo, 2016). Apart from that it is due to innovation
of technology that accounting has become faster. The software’s helped in boosting up the
speed as results are obtained in an instant. The advancement in technology has somewhere
save the sensitive data as the data is stored over cloud which is safe from natural disasters
like floods, fire or earthquakes. On the other hand there are chances of data leakage as some
unauthorized user could access the data. From the research it can be stated that computerized
accounting skills is more effect as it is faster and is cost effective. The impact of technology
as both positive and negative impact in accounting skills, it has improved the overall
productivity and efficiency of the business and also provide better client servicing. On the
other hand there are some drawbacks that occur due to some security concerns due to