Role of Technology in Accounting: Forecasting Future of Accounting

Running head: TECHNOLOGY IN ACCOUNTING: FORECASTING FUTURE OF ACCOUNTING
Role of Technology in Accounting: Forecasting Future of Accounting
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1TECHNOLOGY IN ACCOUNTING: FORECASTING FUTURE OF ACCOUNTING
Table of Contents
Introduction................................................................................................................................2
Literature Review.......................................................................................................................2
Identified gaps............................................................................................................................3
Research Aim and Objectives................................................................................................4
Research Questions................................................................................................................4
Project Plan................................................................................................................................4
Timeline.....................................................................................................................................6
References..................................................................................................................................8

2TECHNOLOGY IN ACCOUNTING: FORECASTING FUTURE OF ACCOUNTING
Introduction
This is technological era in which information system is highly contributing in the
growth and development of every possible sector of which an individual can think of.
Technological aspect has been increased in the accounting field too. Accounting information
system have become one of the integral part of the business where organizations are using it
for the successful and efficient delivery of the accounts related operations. The purpose of
this proposal is to drive a research on the technology supporting the accounting system and
predicting the enhancement in the future of the Accounting system.
Technology has established itself as one of the most crucial part of the accounting but
a proper assessment of the role of technology in the accounting is very limited or have not
been assessed. Hence, the assessment of the technology in the industry is crucial and has been
selected. Furthermore, technology is witnessing changes every day because of the different
studies and competition among different technology providers. The cloud based accounting,
ERP, AIS, Big Data analytics and several other reformative technologies have been
developed and are witnessing major upgradation to support the business processes. hence, it
is crucial to forecast the role that technology is capable of playing in the offering efficiency
and accuracy of the accounting process. Hence, it is crucial to forecast the future of
accounting in context with the technology and the proposed paper is aimed at the discussed
forecasting. So, the paper is aimed at identifying the role of technology in accounting and
forecasting the capabilities that future technologies can offer in the discussed area.
Literature Review
Langfield-Smith et al. (2017) presented the chronological order of the growth of
accounting system through adopting the various innovative technologies that landed from the
calculators to the artificial intelligence in future. The present business scenario is using the