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Emerging Trends in Accounting (Cloud Accounting)

Issue Abstract

Abstract
This paper investigates the confluence of emerging trends in accounting with the rapid adoption of cloud accounting technologies. It explores how advancements such as artificial intelligence, data analytics, and sustainability reporting are reshaping traditional accounting practices. Furthermore, it discusses the vital role of cloud accounting in enabling seamless integration of these trends, offering enhanced collaboration, real-time data access, and cost efficiencies. While acknowledging the transformative potential of cloud accounting, the paper also addresses concerns related to data security and privacy. By embracing these emerging trends and leveraging cloud-based solutions, accounting professionals can navigate the evolving landscape effectively and drive innovation in the field.


Author Information
D.Harihara Rajan
Issue No
3
Volume No
4
Issue Publish Date
05 Mar 2024
Issue Pages
111-116

Issue References

 https://www.netsuite.com/portal/resource/articles/accounting/accounting-trends.shtml
 https://www.softwaresuggest.com/blog/accounting-trends/
 https://certinia.com/learn/accounting/what-is-cloud-accounting/
 https://gocardless.com/guides/posts/what-is-cloud-accounting-and-how-does-it-work/
 https://www.xero.com/us/guides/small-business-cloud-accounting/
 https://www.netsuite.com/portal/resource/articles/accounting/cloud-accounting-benefits.sh