An Empirical Study of Technological Innovations in the Field of Accounting - Boon or Bane

Abstract

In this paper researchers make an attempt by doing intense work that how technological innovations make jobs of accountant so easy from their routine jobs from posting to generating accounting statements etc. with the help of available software and technology in accounting field.Technological innovations have changed an obstructed job of accountant into easier one and that too rapid and accurate, with these developments researchers have found and witnessed that it has affected erstwhile as it has restricted entry for so many into an accounting field as jobs of accountants have shrunk and in few hands who are technology accelerators and technology driven.Researchers have shown how technology has affected the outcome and impact on business in terms of accuracy, pace and swiftness.Researchers have made an attempt to explore various cause and effect relationship between available software in accounting, technology and accountants.In their intense and in depth research we have designed questionnaire comprised of many questions in which respondents are selected from top management, employees and included job seekers too in order to receive their unbiased responses during primary data collection.Wherever found necessary researchers have taken secondary data also to make study more accurate, interesting and feasible.

How Organization Will Enhance Benefits Realization by Using Innovation Project Managment and AI (Artificial Intilligence)

“…Technological Innovation influences organizations capability to try to win effectively in a progressively more global market [2], and one of the most popular technological innovation notion in a current business world is the artificial intelligent (AI), which it dramatically reshape enterprise project management. Artificial intelligence (AI) tech such as deep learning and process automation is changing how projects are managed today and will have an even greater effect tomorrow.…”

“…According to [2] there are several essential advantages for this kind of innovation, as could computing, forensic accounting, mobile accounting, enterprise resource planning, social media, optical character recognition, and reducing errors through Tax software.…”