Pankov V.V.Plekhanov Russian University of Economics (PRUE), Moscow, Russian Federation Pankov.VV@rea.ru ORCID id: not available
Kozhukhov V.L.Plekhanov Russian University of Economics (PRUE), Moscow, Russian Federation teacher_acc@mail.ru ORCID id: not available
Subject Gaining momentum and influencing accounting processes, modern information technologies make people think that accountancy will soon cease to exist as a profession. Accountancy undergoes deep transformation processes as digital intellectual technologies develop and get integrated into accounting practices. Objectives We review the general trend in the development of accounting in the nearest future as innovative methods of accounting spread and digital and communication technologies are integrated into business practices. Methods The study is based on logic methods of research, systems analysis and synthesis. Results The article investigates the main tendency of changes that happen in accountancy, which rests on three IT pillars, i.e. Big Data, data analysis and artificial intelligence. Each of them reshapes accounting approaches and methods. Summarizing the general intellectual trend, we conclude that it is erroneous to think that the accounting profession is fading away. It is necessary to more diligently analyze and evaluate the impact of modern intellectual systems on the future of accountancy. Conclusions and Relevance We disclose global trends in the development of digital intellectual technologies in accounting to spotlight the common line in accountancy. The issue of accountancy as a disappearing profession should be reformulated to determine how professional competencies should be transformed to meet the new reality of the digital future.
Assante D., Castro M., Hamburg I., Martin S. The Use of Cloud Computing in SMEs. Second International Workshop on Mobile Cloud Computing Systems, Management, and Security (MCSMS-2016). Procedia Computer Science, 2016, vol. 83, pp. 1207–1212. URL: Link
Ovchinnikov V. V. Doroga v mir iskusstvennogo intellekta [The road to the world of artificial intelligence]. Moscow, RUBIN Publ., 2017, 522 p.
Trigo A., Belfo F., Estébanez R.P. Accounting Information Systems: Evolving Towards a Business Process Oriented Accounting. Procedia Computer Science, 2016, vol. 100, pp. 987–994. URL: Link
Mancini D., Dameri R.P., Bonollo E. Looking for Synergies between Accounting and Information Technologies. In Mancini D., Dameri R.P., Bonollo E.,(eds) Strengthening Information and Control Systems. Springer International Publishing, 2016, pp. 1–12. URL: Link
Omoteso K. The Application of Artificial Intelligence in Auditing: Looking Back to the Future. Expert Systems with Application, 2012, vol. 39, iss. 9, pp. 8490–8495. URL: Link
Haddara M., Elragal A. ERP Adoption Cost Factors Identification and Classification: A Study in SMEs. International Journal of Information Systems and Project Management, 2013, vol. 1, no. 2, pp. 5–21. URL: Link
Warren D., Moffitt K.C., Byrnes P. How Big Data will Change Accounting. Accounting Horizons, 2015, vol. 29, iss. 2, pp. 397–407. URL: Link
Parmenter D. Key Performance Indicators: Developing, Implementing, and Using Winning KPIs. 2nd ed. New Jersey, John Wiley & Sons, 2015, 448 p.
Eccles R.G., Krzus M.P. The Integrated Reporting Movement: Meaning, Momentum, Motives, and Materiality. New Jersey, John Wiley & Sons, 2015, 336 р.