90 likes | 105 Views
70% of companies today are generating moderate or substantial ROI and report to have automated more than one-fourth of their accounting functions, here is the entire sketch of how technology is used for accounting in 2021<br>Visit - https://mileseducation.com/
E N D
Public Accounting Trend Sheet2021
US Certified Public Accountant (CPA Course) - Miles Education 1 Automation techstacks Companies today are generating moderate or substantial ROI & report to have automated more than one-fourthof their accounting functions. 70%
US Certified Public Accountant (CPA Course) - Miles Education 2 RPA to automate themundane EY uses applied AI to analyze lease contacts To make it easy to capture the information, payments, termination or renewal options & allow the accountants to spend more time on making decisions with the data instead of looking for it.
IIM Lucknow & Wiley - Executive Program in Strategic Finance 3 ERP systems for Accountingand finance management Companies plan to implement cloud-based accounting software within the next three years. 36%
US Certified Public Accountant (CPA Course) - Miles Education 4 Accounting Forensics IMA (US CMA certification body), Data Analytics & Visualization Fundamentals Certificate equips F&A professionals with strong criticalthinking, problem-solving & technical skills for advanced business insight.
US Certified Public Accountant (CPA Course) - Miles Education 5 Changing Accounting Roles Future accountants are strategic thought leaders with training future certified public accountants will consider data analytics in future.
US Certified Public Accountant (CPA Course) - Miles Education 6 Evolution TaxPolicy Accountants have a lot to do in the latest Consolidated Appropriations Act or COVID stimulus-which contains nearly 6,000 pages.
US Certified Public Accountant (CPA Course) - Miles Education 7 Statutory and Regulatory Compliance As the SEC changes leadership, financial reporting requirements & scrutiny are likely to change. In addition totaxes, accounting & finance teams need to stay abreast of changing laws & regulations.
US Certified Public Accountant (CPA Course) - Miles Education 8 ESG on therise In November 2020, the Association of International Certified Professional Accountants shared plansfor education & resources to help accountants with reporting on & assurance of ESGinformation.