Application of Technology to Accounting in relevance to Job Security, Job

Compliance and Network Capability

As stated in Accounting Degree, data innovation assimilates an ordinary accounting

standards with programming and frameworks to make an area combined for putting away an

entity’s money related information. In addition, it also streamlines the way towards investigating

any such information, enabling one to distinguish and revise blunders or wasteful aspects of

their money-related systems. Moreover, inclination of accounting information technology jobs

are endless. They are likely to have a job to work at an expert administrations firm, in the in-

house accounting branch of a privately owned business, or in government or the non-benefit

part. In a Roger CPA blog of 5 Ways Technology Transforming Accounting, it says that, the

accounting profession is rapidly transforming partially due to productivity optimization available

through newer technologies. Accountants today are no longer burdened with manual-basis

projects. Instead, because of the shift in dynamic accounting technology, accounting software

programs are becoming more instant output-based (automated) and the role of accountants are

changing to a business advisor. The role shift of the modern accountant to a business advisor

requires new skill-sets, including professional skepticism, judgement, and critical thinking skills.

These skills will remain a high priority to accounting firms when looking at new hires. While the

profession is rapidly changing due to emerging technologies, the need for these types of soft

skills remains constant.

Old methods of accounting such as the use of pens, paper, and calculators to balance

the books and verify the ledgers are almost already gone. Accountants now have tools that

reduce the margin of error and will results in more financially stable companies that are better

equipped to stay afloat; Accountants will less like to need a basic training and more strategic

training with each of them having a diversified skill over a specified time— in which now, many

accountants are giving advice, developing new processes, and performing future forecasts that
a computer cannot be trusted to do; However, the advancement of technology will be in need of

a partnering with an IT skill according to the American Institute of CPAs, anyone who wants to

become a CPA because accountants also need be able to apply the processes learned and

integrate these processes with IT programs.