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VOL. 7, ISSUE 2 (2025)
Challenges of digitization for the accounting profession
Authors
Dr. Parmeshwar Singh Maravi
Abstract
Accounting is a long-established profession with defined accounting
principles and ideas. Accounting is not immune to globalization, increasing
regulation, and technological advancements. In a constantly changing corporate
environment, accountants must adhere to fundamental accounting standards and
concepts. This article will examine and classify the major digital accounting
issues. The report is based on extensive professional and academic research.
They demonstrate that accounting faces several difficulties in the digital age.
Notables include big data accounting, cloud computing, continuous accounting,
artificial intelligence, and blockchain technology. Globalization and
digitalization will have a major effect on accounting, according to studies. A
digital wallet, online accounting, and outsourcing accounting to other nations
are among the changes. The increasing digitization of business will impact
schooling. Also, in the digital age, accounting information consumers have evolved;
they want it now, not later. A new accounting profession may emerge as a
consequence of these developments, requiring new abilities, particularly in
engineering.
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Pages:83-85
How to cite this article:
Dr. Parmeshwar Singh Maravi "Challenges of digitization for the accounting profession". International Journal of Management and Commerce, Vol 7, Issue 2, 2025, Pages 83-85
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