Accounting disrupted : how digitalization is changing finance / Al Bhimani.

Format:

Book

Language:

English

Subjects (All):

Accounting--Technological innovations.

Accounting.

Physical Description:

1 online resource : illustrations

Place of Publication:

Hoboken, N.J.: Wiley, c2021.

Hoboken, New Jersey : Wiley, [2021]

Summary:

"Web technologies and mobile devices are driving enterprises to embark on a new wave of digitalization that is reshaping business and the global economy. Modes of data analysis in use now enable extreme corporate agility, swift strategic re-focus and fast resource allocation decisions across many businesses. Established business fundamentals are being eclipsed including accounting expertise. Conventional financial analysis is proving ineffective in dealing with the information needs of executives in organizations facing digital transformation. In fact, accounting faces a disruption unprecedented in scale. This book shows how the new digitalization wave is impacting financial expertise and the transformation in accounting that is now essential. It will be written in a direct, straight forward style with extensive explanations and a wide range of practical illustrations and case studies"-- Provided by publisher.

Accounting Disrupted: How Digitalization is changing Finance delivers a powerful analysis of the new technological forces buffeting the accounting profession and identifies key pathways to responding to the challenges. Al Bhimani, distinguished accountant, academic, and author, shows readers how established business fundamentals are being eclipsed and that accounting has not been spared. You'll learn: How the new realities of digitalization, including big data and AI, are affecting audit work and financial management practices How learning fast about and from more diverse data sources is essential to the new accounting environment Why accounting information must start to speak to what will take place rather than about financial activities that have occurred What finance must do in a world of changing risks, data growth, fast digitization, and increased regulation The author makes a compelling case that accounting now faces a crunch: it needs to reshape itself from the core because conventional financial analysis is proving too cumbersome and slow for executives in digitalized organizations. In a straightforward and illustrated style packed with case studies and practical examples, he shows readers how big data, blockchain, robotic process automation, and artificial intelligence, can help accountants adapt to new realities. Perfect for finance leaders in both the private and public sectors, Accounting Disrupted also belongs on the bookshelves of accounting students who wish to better prepare for the technological and professional environment in which they'll shortly find themselves.

Contents:

Accounting disrupted

Unleashing digitization

The trouble with finance

As if managing costs mattered

Learning is everything

Performance changes

Digitalization and auditing

Better change your mind.

Notes:

"AICPA & CIMA"--Cover

Includes bibliographical references (p. 153-156) and index

Includes bibliographical references and index.

Description based on print version record.

ISBN:

1-119-72011-7

1-119-72009-5

OCLC:

1237409479