The Accountant Profession in the Era of the Industrial Revolution 4.0, Will It Disappear?

Accountants should no longer rely solely on the ability to calculate and compile financial statements. However, it must also be able to use AI technology and integrate it into efficient financial processes, as well as generate strategic information. The power of AI makes the preparation of financial reports more efficient.

 “The only way to understand change is to plunge into it, move with it, and join its dance”.

ACCOUNTING IS AN ART !

An Accounting is an art because it established rules and principles of accounting which are applied in an economic entity’s bookeeping process. The tought process and views about whether accounting is an art or science is different from accountant to accountant

Accounting For A Better World 

Accounting for a Better World envisions the future of the accountancy profession, identifying seven new dimensions of impact:

1. building resilient economies
2. developing the talent of tomorrow
3. driving sustainable business
4. supporting entrepreneurial growth
5. strengthening ethics and trust
6. transforming the public sector
7. advancing standards and regulation.