Digital Transformation in Accounting: Challenges and Opportunities For Financial Professionals
Keywords:
Digital transformation, Accounting, Artificial intelligence, Blockchain, Cloud computingAbstract
This paper examines the effects of digital transformation on the accounting industry, focusing on emerging technologies like artificial intelligence, blockchain, and cloud computing. The research explores both the challenges and opportunities digital advancements present for financial professionals, including automation, data security, and real-time reporting. Findings suggest that while digital transformation introduces new complexities, it also enhances efficiency and accuracy in financial reporting, making it essential for the future of accounting.
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