Automation in Accounting (Subtheme of topic Automation in production, marketing and Human Resource Accounting)

Authors : M. S. Manasa

Volume/Issue : Volume 7 - 2022, Issue 2 - February

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The world runs on automation, and work environments in various industries around the world are rapidly evolving. The fast developments in the accounting industry throughout the decades appear to be overpowering. To compete in a fast-paced environment across many business sectors, human resources in every firm must acquire specialised skill sets and adapt to challenges and changes. Automation had accelerated the pace of change in human existence and had a greater impact on employment prospects. It is an undeniable fact that automation has resulted in job losses in certain industries. Several manual work situations have become automated, which has displaced manual labour and employment in large numbers. Among other things, automation had resulted in greater job prospects. The purpose of the study was to see how 'Robotic Process Automation' (RPA) affects employment in India's accounting industry. It also emphasises human resources readiness with skills to meet the problems that come with Automation and its Employment Impact. The goal of this thesis is to determine how automation is affecting the employability of Indian accountants. The study examines the potential implications of automation in the accounting industry, accounting skills, issues, and hurdles to deploying automation in accounting, as well as the benefits and challenges of automation. The thesis summarises the results of a study of Indian professional accountants to determine their willingness to adapt to new problems, attitudes about automation, and willingness to learn new skills. The current thesis contributes to the development of India's accounting workforce by providing opportunities for them to obtain professional skills. Accounting organisations in India, corporate leaders, and anybody who works in or impacts accounting operations should evaluate the various components of professional growth addressed in this paper. The application of research findings may include educational improvements, methodology revisions, and national standards.

Keywords : Accounting Skills, Automated Accounting Systems, Accounting Workforce, Robotic Process Automation, Indian Accounting.


Paper Submission Last Date
30 - April - 2024

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