The Impact of Artificial Intelligence and Blockchain on the Accounting Profession
Recent developments in technology have introduced dramatic changes to the practice of the accounting profession. This paper provides a comprehensive review of current developments in big data, machine learning, artificial intelligence, and blockchain utilized in general business practice and by spec...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
IEEE
2020-01-01
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| Series: | IEEE Access |
| Subjects: | |
| Online Access: | https://ieeexplore.ieee.org/document/9110603/ |
| _version_ | 1819276464362618880 |
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| author | Yingying Zhang Feng Xiong Yi Xie Xuan Fan Haifeng Gu |
| author_facet | Yingying Zhang Feng Xiong Yi Xie Xuan Fan Haifeng Gu |
| author_sort | Yingying Zhang |
| collection | DOAJ |
| description | Recent developments in technology have introduced dramatic changes to the practice of the accounting profession. This paper provides a comprehensive review of current developments in big data, machine learning, artificial intelligence, and blockchain utilized in general business practice and by specialized practitioners in the accounting profession worldwide. This paper explores the evolution of the accounting profession following these recent technological developments and assesses the impact of future developments. Inherent challenges and opportunities posed by these new technologies pertaining to accounting professionals and accounting educators are also examined, including an increased demand for IT professionals with accounting experience as opposed to accounting major graduates. Considering the dramatic changes and developments of AI applications in accounting, this paper reflects how all these technologies and the associated requirements of job candidates will affect the desired capabilities of accounting graduates and provides further discussion regarding what higher institutions and their accounting graduates can do to adopt such changes. |
| first_indexed | 2024-12-23T23:40:38Z |
| format | Article |
| id | doaj.art-ce849eca717b46988554f22d6cae7295 |
| institution | Directory Open Access Journal |
| issn | 2169-3536 |
| language | English |
| last_indexed | 2024-12-23T23:40:38Z |
| publishDate | 2020-01-01 |
| publisher | IEEE |
| record_format | Article |
| series | IEEE Access |
| spelling | doaj.art-ce849eca717b46988554f22d6cae72952022-12-21T17:25:40ZengIEEEIEEE Access2169-35362020-01-01811046111047710.1109/ACCESS.2020.30005059110603The Impact of Artificial Intelligence and Blockchain on the Accounting ProfessionYingying Zhang0https://orcid.org/0000-0002-6236-9781Feng Xiong1https://orcid.org/0000-0003-4165-3385Yi Xie2https://orcid.org/0000-0001-9531-3250Xuan Fan3Haifeng Gu4Department of Business Administration, Glorious Sun School of Business and Management, Donghua University, Shanghai, ChinaCenter for Accounting Studies, School of Management, Xiamen University, Xiamen, ChinaSchool of Management, Xiamen University, Xiamen, ChinaShenzhen Shishang Technology (Poemcoder) Ltd., Shenzhen, ChinaDepartment of Business Administration, Glorious Sun School of Business and Management, Donghua University, Shanghai, ChinaRecent developments in technology have introduced dramatic changes to the practice of the accounting profession. This paper provides a comprehensive review of current developments in big data, machine learning, artificial intelligence, and blockchain utilized in general business practice and by specialized practitioners in the accounting profession worldwide. This paper explores the evolution of the accounting profession following these recent technological developments and assesses the impact of future developments. Inherent challenges and opportunities posed by these new technologies pertaining to accounting professionals and accounting educators are also examined, including an increased demand for IT professionals with accounting experience as opposed to accounting major graduates. Considering the dramatic changes and developments of AI applications in accounting, this paper reflects how all these technologies and the associated requirements of job candidates will affect the desired capabilities of accounting graduates and provides further discussion regarding what higher institutions and their accounting graduates can do to adopt such changes.https://ieeexplore.ieee.org/document/9110603/Accounting professionartificial intelligencebig datablockchainmachine learning |
| spellingShingle | Yingying Zhang Feng Xiong Yi Xie Xuan Fan Haifeng Gu The Impact of Artificial Intelligence and Blockchain on the Accounting Profession IEEE Access Accounting profession artificial intelligence big data blockchain machine learning |
| title | The Impact of Artificial Intelligence and Blockchain on the Accounting Profession |
| title_full | The Impact of Artificial Intelligence and Blockchain on the Accounting Profession |
| title_fullStr | The Impact of Artificial Intelligence and Blockchain on the Accounting Profession |
| title_full_unstemmed | The Impact of Artificial Intelligence and Blockchain on the Accounting Profession |
| title_short | The Impact of Artificial Intelligence and Blockchain on the Accounting Profession |
| title_sort | impact of artificial intelligence and blockchain on the accounting profession |
| topic | Accounting profession artificial intelligence big data blockchain machine learning |
| url | https://ieeexplore.ieee.org/document/9110603/ |
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