Category: Accountancy

Table of Contents Introduction Quantum Computing Blockchain Technologies Artificial Intelligence (AI) Conclusion References Footnotes Introduction Technology is altering how individuals do businesses, and as a result, accounting must also keep developing. Several technological trends have developed due to the information overload that ushered in the fourth industrial revolution, an era in which cyber-physical interactions will…

Introduction There has been a lot of speculation and worries recently about artificial intelligence and its potential influence. Artificial intelligence (AI) is a comprehensive expression that refers to a technology that enhances computers to mimic human mental power (Hashem & Alqatamin, 2021). AI is frequently employed in banking, medical business, weather forecast, gaming industry, and…

Introduction A small business can use many ways to protect its data. Some are complicated while others are quite simple. For example, a company may put in place physical security measures that are geared towards protecting physical stuff such as files. At the same time, a company may put in place complex measure such as…

Introducing artificial intelligence (AI) into accounting is viewed by many researchers as a promising practice. For instance, according to Issa et al. (2016), who assess the sustainability and effectiveness of AI projects in this field, a significant number of companies invest in acquiring such innovations. This means that many firms in this environment are interested…

Table of Contents How Accounting Fits within the Ethnomethodological Theory Analysis of a Real Life Example of Accounting Relevance of the Analysis to Ethnomethodology References People are diverse in every sense of the word. Their cultures, languages, cognitive abilities, and the manner in which they make sense of the events that occur around them support…

The article by Bakarich and O’Brien (2021) refers to the problem of the implementation of AI technologies in the field of accounting. The most popular technologies in this sphere are machine learning (ML) and robotic process automation (RPA) (Bakarich & O’Brien, 2021). The research aims to determine to which extent these artificial intelligence technologies are…

Table of Contents Issue Description Interested Parties Causes Solution References Issue Description As an analyzed case of violation of accounting ethics, the 2009 scandal will be considered in which the Indian outsourcing company Satyam Computer Services became involved. The key problem lies in the significant overestimation of revenue (approximately $1 billion), which corresponds to a…

Ethics is a central component of relations between companies and individuals. It regulates the behaviors of all parties and ensures that there will be no inappropriate actions, solutions, or strategies aimed at making benefit from causing harm to other organizations or individuals. For this reason, the observation of the Code of Conduct, containing the major…

Table of Contents Introduction Main text Conclusion References Introduction Governmental accounting entails the accounting procedures and principles for state, local, and even federal government units, whereby the National Council on Governmental accounting establishes specific rules. Their fundamental differences from the normal profit-oriented businesses are what necessitate their different financial and accounting standards for reporting. This…

Sarbanes-Oxley Act is a law passed on July 2002. President George W Bush enacted it in order to harmonize us security towards US giant corporate firms. The act establishes pertinent legislation that affects the auditing profession. In addition, auditors ought to attest to the management report and financial statement. Similarly, this act coincides with the…