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Digital Transformation in Accounting

Richard Busulwa, Nina Evans

Chapter 5

Digital disruption and digital transformation of accounting - all with Video Answers

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Chapter Questions

Problem 1

How do digital technology advancements indirectly disrupt accounting work?

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Problem 2

What are the different ways digital technology advancements directly disrupt accounting work?

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Problem 3

What are the different ways digital technology advancements disrupt the accounting value proposition?

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Problem 4

What are the different ways digital technology advancements disrupt the management accounting function?

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Problem 5

What are the different ways digital technology advancements disrupt the financial accounting function?

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01:20

Problem 6

What are the different ways digital technology advancements disrupt the tax function?

Oluwadamilola Ameobi
Oluwadamilola Ameobi
Numerade Educator

Problem 7

What are the different ways digital technology advancements disrupt the audit function?

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03:06

Problem 8

What are the different ways digital technology advancements disrupt the AIS function?

Jennifer Stoner
Jennifer Stoner
Numerade Educator

Problem 9

What are the different ways digital technology advancements disrupt the business partnering or advisory function of accounting?

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Problem 10

How can digital technology transform financial reporting from static information provision to active engagement?

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Problem 11

What is a future fit accountant according to the International Federation of Accountants (IFAC)?

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Problem 12

Identify four changed accounting roles and activities as a result of digital technology advancements.

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Problem 13

Explain what outcomes each of IFAC's seven future fit accounting roles focus on delivering (i.e. the Co-Pilot, the Navigator, the Brand Protector, the Storyteller, the Trusted Professional, the Process and Control Expert, the Digital and Technology Enabler).

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Problem 14

How do digital technology advancements disrupt data availability? How does this disruption of data availability create competitive threats and loss of relevance risks for the accounting profession?

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04:28

Problem 15

Identify three or more approaches accountants and accounting leaders have taken to adapt to digital disruption.

Anas Venkitta
Anas Venkitta
Numerade Educator

Problem 16

Do you believe accountants and the accounting profession have been successful at adapting to digital disruption, undertaking digital business transformation, and operating in digital business settings?

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Problem 17

Is there or can there be an end to digital technology advancements?

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Problem 18

Is there or can there be an end to digital business transformation?

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