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Accounting At The Doorstepof The Fourth Industrial Revolution

Author

Listed:
  • Krasimira Gospodinova

    (University of Economics – Varna, Bulgaria)

Abstract

Technology is everywhere around us -in medicine, in communications, in transport, in engineering, in architecture, in accounting. There is question: "What will happen to accounting in the presence of machine learning and artificial intelligence?" They give us tremendous opportunities for speed and flexibility; an easy, accessible and remote workflow; freedom from routine and the prospect of discovering new frontiers in the accounting profession. The operational role of the accountant has eased since the advent of the first computers, but today the pace of technological change is so rapid that some accounting processes happen in seconds. Accounting is on the doorstep of the Fourth Industrial Revolution and there are difficult questions that will determine the future of this profession -where the role of the machine extends and where man begins.

Suggested Citation

  • Krasimira Gospodinova, 2020. "Accounting At The Doorstepof The Fourth Industrial Revolution," Economic Science, education and the real economy: Development and interactions in the digital age, Publishing house Science and Economics Varna, issue 1, pages 671-676.
    • Handle: RePEc:vrn:cfdide:y:2020:i:1:p:671-676
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    More about this item

    Keywords

    accounting; technological changes; Fourth Industrial Revolution; machine learning; artificial intelligence; natural language processing;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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