New technology in accounting industry

    • Market trends, generational perceptions and nontraditional ...

      Market trends, generational perceptions and nontraditional growth opportunities in the accounting industry. 4 Trends – New technology has enabled tax preparation to be commoditized. Value-pricing is sharing the stage with traditional, fixed-fee hourly billing.

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    • [PDF File]Technology Innovation Hubs - KPMG

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      Almost six in ten think the technology innovation center of the world will move from Silicon Valley in the next four years. Percentages do not sum to 100% due to rounding. Source: KPMG Technology Industry Innovation Survey 2019 Neutral Very likely/ Likely Not likely/ Not at all likely Technology Innovation Hubs

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    • [PDF File]The new revenue recognition standard - technology

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      the Boards). The new revenue recognitio n standard will supersede virtually all revenue recognition standards in IFRS and US GAAP, including any industry-specific requirements that technology entities may use today. IFRS 15 specifies the accounting tr eatment …

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    • [PDF File]Accounting and Auditing in the Digital Age

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      Accounting and Auditing in the Digital Age by Charles Hoffman, CPA (Charles.Hoffman@me.com) Last Revised - June 28, 2017 “The McKinsey Global Institute estimates that, compared with the Industrial Revolution of the late 18th and early 19th centuries, AI’s disruption of society is happening ten times faster and at 300 times the scale.

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    • [PDF File]The effecTs of cloud Technology on managemenT accounTing ...

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      the most common use of cloud technology (31% cRm, 19% financial accounting and 59% other business processes). however, figure 4 also shows just over one third of respondents (34%) make use of cloud technologies for management reporting. Based on our results, as only 19% of firms use cloud technology for recording daily finance transactions, it

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    • [PDF File]Financial Services Technology 2020 and Beyond: Embracing ...

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      Indeed, technology-driven change is so pervasive that no financial institution is immune. In Section 2, we address how these and other global megatrends are affecting the financial services industry, with a particular focus on the IT department. PwC Financial Services Technology 2020 and Beyond 5 6 Source: PwC’s 19th Annual 19th Annual Global CEO

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    • [PDF File]New revenue guidance Implementation in the software industry

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      ) replace industry-specific guidance with a single revenue recognition model. As such, the accounting for software products and services is expected to be one of the areas most impacted by the new standards. This publication summarizes the more significant impacts of the new guidance on the software industry, broken down by step of the model.

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    • [PDF File]Technology sector Clearly IFRS - Deloitte US

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      Technology sector Clearly IFRS Industry insights for IFRS 15 Current accounting processes may require significant changes to cope with the new Standard As explained below, IFRS 15 introduces new requirements to move to a more conceptual approach. The complexity of applying this approach and of producing the detailed

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    • [PDF File]Impact of Information Technology on Public Accounting Firm ...

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      Impact of Information Technology on Public Accounting Firm Productivity Rajiv D. Banker Hsihui Chang The University of Texas at Dallas Yi-ching Kao University of WisconsinŒMilwaukee ABSTRACT: In recent years, information technology (IT) has played a critical role in the services provided by the public accounting industry. However, no empirical ...

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    • [PDF File]ACCOUNTANCY FUTURES ACADEMY Technology trends: their ...

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      evolve, considering new technologies as they emerge, and then assessing their implications for finance professionals and those they serve and support, accountants can be prepared to minimise the burdens and maximise the benefits. In this way the profession can exploit technology and potentially change the scope of what it means to be an accountant.

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