IMPACT OF TECHNOLOGY CHANGES IN ACCOUNTING PROFESSION
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ABSTRACT
This study was carried out to examine the impact of technology changes in accounting profession. Specifically, the study determined the nature of technology changes, determining the nature of the accounting profession, and determined the impact of Technology changes on the accounting profession. The study employed the survey descriptive research design. A total of 30 responses were validated from the survey. The study adopted the modernization theory. From the responses obtained and analysed, the findings revealed that the nature of the accounting profession includes preparing and analyze accounting reports, verifying financial reports and taxes and monitoring information systems that furnish this information to managers in business. The study also found out that the nature of technology changes in the Accounting Profession include cloud-based systems, more diverse roles for the accountant, more efficient client transactions and mobile accounting. The study recommend advances in technology will also demand new skills and competencies from accountants and finance professionals, from change management to knowledge of data extraction tools in the mining of business intelligence. The direction of travel is clear; the details less so. The profession must anticipate the changing needs of business.
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