Research Area:  Blockchain Technology

Abstract:

Recent developments in technology have introduced dramatic changes to the practice of the accounting profession. This paper provides a comprehensive review of current developments in big data, machine learning, artificial intelligence, and blockchain utilized in general business practice and by specialized practitioners in the accounting profession worldwide. This paper explores the evolution of the accounting profession following these recent technological developments and assesses the impact of future developments. Inherent challenges and opportunities posed by these new technologies pertaining to accounting professionals and accounting educators are also examined, including an increased demand for IT professionals with accounting experience as opposed to accounting major graduates. Considering the dramatic changes and developments of AI applications in accounting, this paper reflects how all these technologies and the associated requirements of job candidates will affect the desired capabilities of accounting graduates and provides further discussion regarding what higher institutions and their accounting graduates can do to adopt such changes.

Keywords:  

Author(s) Name:   Yingying Zhang; Feng Xiong; Yi Xie; Xuan Fan; Haifeng Gu

Publisher name:  IEEE

DOI:  10.1109/ACCESS.2020.3000505

Volume Information:  ( Volume: 8) Page(s): 110461 - 110477

Paper Link:   https://ieeexplore.ieee.org/abstract/document/9110603