5.10 Automation is significantly changing the accounting profession. Research an example of how a company has automated an accounting task during the last year. Prepare a memo that summarizes the following:

• Describe how the accountant(s) performed the task before and after the automation.

• Describe the benefits the company realized because of the automation.

• Describe any drawbacks to using automation.

• Based on your learning, suggest one additional area in accounting that is likely to be automated in the future. Justify why you believe this area will be automated.