Topic 5: Digital Transformation of Financial and Management Accounting

Digital Disruption and Digital Business Transformation

1. How do digital technology advancements cause disruption?

2. What are the three types of disruption caused by the introduction of new digital
technologies or breakthroughs in existing ones?

3. What are the three common types of game changing opportunities that can be
seized by leveraging digital technology advancements?

Digital Disruption and Transformation of accounting

4. What is the role of accountants in guarding against digital disruption at their

organizations?

5. How do digital technology advancements indirectly disrupt accounting work?

6. What are the different ways digital technology advancements directly disrupt
accounting work?

7. What are some different ways digital technology advancements disrupt the
management accounting?

8. How do digital technology advancements disrupt data availability? How does the
disruption of data availability create competitive threats and relevance risks for
the accounting profession?

9. Explain what outcomes each of IFAC's seven future fit accounting roles focus on
delivering (i.e. the Co-Pilot, the Navigator, the Brand Protector, the Storyteller,
the Trusted Professional, the Process and Control Expert, the Digital and
Technology Enabler).