REVIEW OF RELATED LITERATURE AND STUDIES

Technology chance the roles of accountants

As technology is broadly changing the field of accounting, it is also changing the role of

accountants. Advancing technology does not mean that human accountants are replaceable, just

that they will be needed in new capacities than ever before. Megan (2020) highlights how

technology keeps evolving for future accountants to adapt differently and more securely. There

will be less “number crunching” that draw conclusion which affects the decision and result of

accountants. Because of technological advancement, accountants will focus on computerized-

generated results. As a result, accountants are more likely consultants and analysts. Overall,

accountants will require critical and strategic thinking to cope with the changing profession.

Along the same lines. Thomson Reuters published an article in (2022) stating that,

“automation is the name of the game” Automating routine accounting tasks can benefit

accounting firms in particular by increasing revenue, saving time, and improving employee

engagement.

An article by Isaac Heller (2022) features how accounting has been revolutionary

throughout its history, particularly in terms of promoting and facilitating the adoption of new

technologies. Comparably, accounting has been at the forefront of technology adaptation,

frequently out of necessity. Accounting had to quickly adjust when the Industrial Revolution

drastically altered the speed and complexity of business in order to ensure that all stakeholders

were informed and that the financial system as a whole was reliable and long-lasting.
Technological accounting affects manual accounting

Quinn (2018) Electronic media for accounting has been made possible by numerous technology

advancements. bookkeeping activities have consequently been changed in the digital realm regarding how

firms, Culture and society function. It is because of how quickly technology is developing and advancing.

Because of technology, Bookkeeping has been affected as a consequence of this.

According to Tomson (2019), common errors include entering incorrect order

information, transposing figures, or recording information backwards. A lack of security is

another common disadvantage to their manual accounting.