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Here lies the future. Or, it will be, at least.

Artificial Intelligence (AI) is already knocking at the


door planning to wreak havoc on our everyday lives. It is not shocking that this involves our work and
professions too. Automation, Big Data and the Internet of Things are all beginning to change the way
many jobs are carried out. As other industries have adapted to changing job habits and requirements,
accountants and accounting now also need to do so (The Changing Nature of Accounting - Strategic
Finance, 2017).

When thinking about the future of accounting, the accounting function, and the accounting
information system, I can foresee that everything will be more develop or things will be easily done. Ten
years from now, I see that accounting will be based more on computer, no more general journals done
on hand because the business environment will be more a virtually one instead of actual or written.
Most business sells merchandise and orders not only in malls, department stores, groceries or through
catalogs where their customer usually speak face to face with them to buy merchandise or things. But
now, you can use the internet and go shopping online and do practically anything without leaving your
house.

Companies can accommodate more than one customer at a time at any place worldwide,
thereby raising the profit that can be generated (which is the goal of any business, to receive the highest
profit available). Because of this hypothesis, I strongly believe that, as a graduate course, instead of
teaching accounting information systems (AIS) or "a system that gathers, tracks, stores , and processes
data to generate information for decision-makers," it will eventually be a skill taught to implement as
information systems, and required in high school. Because of this growing dependence on technology,
the world's jobs and employees will have to change.

The essence of accounting will change significantly, so you need to understand how to operate,
audit and create accounting information systems for a business in order to be an accountant. It will no
longer be optional to become a Certified Information Technology Professional or a Certified Public
Accountant (CPA) who has exceptional knowledge on how a company can use information technology
(IT) to achieve its accounting goals. Instead, it would be a prerequisite and new component field that is
commonly taken by accountants to be tested on Certified Public Accountant (CPA).

He or she would use Accounting Information Systems in every aspect of their work for an
accountant to services a business. Comprehension too is a must. Instead of becoming data entry clerks
and making journal entries, accountants' jobs will also shift, there will be computers that can do all the
data entry, and now accounts will become Accounting Information Systems developers and
implementers. They will audit the system performance and internal controls on certain systems'
controllers and may become a major factor in whether the organization receives an unqualified, an
adverse or a qualified letter of opinion.

Large accounting businesses are already taking note of changing trends that could impact the
profession. Research on cognitive technologies conducted by Big 4 accounting firm Deloitte suggests
that accountants can look to new technologies such as AI to enhance and grow their practices. In the
report, Cognitive technologies: The real opportunities for business, the firm said that advancing uses of
AI will allow the development of customer service, research and development, logistics, sales, and
marketing in accounting firms (The Changing Nature of Accounting - Strategic Finance, 2017).

In the United States, hiring trends for accountants have been changing slowly in recent years.
The Affordable Care Act—also known as Obamacare—has increased the need for compliance work. This,
as a direct result, has led to compliance and internal audit professionals being in high demand.
According to financial services recruitment expert Robert Half, easy hiring of accountants is over, which
is a positive development for those worried that the industry is gearing up to shed employees.

Preparation is best. There is already talk of the immense influence of AI, machine learning, and
other innovations, so nobody will be able to claim ignorance if they lose out in the near future. This is
not a rehearsal, nor is it an hour for amateurs. Accountants must be prepared to face the challenges that
are coming their way, but they must also be prepared to take advantage of opportunities when they
become available.

Accounting is by no means a simple career, ensuring that the hard-working men and women
who already call this profession their own are more than prepared to meet these challenges head-on.
Through getting ready and prepared for change, accountants will support the transition for themselves
and for the profession (The Changing Nature of Accounting - Strategic Finance, 2017).

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