Question: need Right answer I will provide you feedback thanks According to the Sun Daily, March 2017 article regarding the rate of changes in tochnology will

need Right answer I will provide you feedback

need Right answer I will provide you feedback thanks

According to the Sun Daily, March 2017 article regarding the rate of changes in tochnology will take over many tasks that would usually be performed by the accountants. It has stated that the changing rate of technology will surely cause a massive change towards accountants for the next three decades. It is also agreed by Mr. Muhammad Azizul Islam who current is an associate professor and team leader of Accounting for Social and Environmental Sustainability Research Group. He stated there be will 3 major challenges, such as evolving smart and digital technology, continued globalization of reporting or disclosure standards, and new forms of regulation for the accounting profession as the technology improves (Muhammad Azizul Islam, 2017). As the technology brings innovations or changes to the accounting profession, the accountants should prepare themselves for these changes, To prepare the massive changes of the traditional work to IT to work, accountants should increase the need for education in digital technology, such as cloud computing, uses of big data and so on. According to the report written by Association of Chartered Certified Accountants (ACCA), it reveals that the knowledge of digital technologies is the key competency area where professional accountants have skill gaps (ACCA. 2006). Therefore, the future accountants should change their traditional accounting mindset into the advancement IT systems in the workplaces. Besides, accountants can also use IT skills and knowledge as a competitive advantage to incrcase the efficiency of the business operation. There has much useful software that will help necountants to increase their work efficiency. For example, the Finance application which is a tool that uses for creating invoices, issue invoices, and record payments and expenses (TheSunDaily. 2017). With the software, the accountant only needs to analyze the transaction and key in the data into the software and the software will calculate the balance automatically and able to record the transaction information. As a result, the software will definitely increase the efficiency of the accountants because in traditional accounting process the accountants are requiring to prepare the journal and ledger in the paper and calculate manually. Nowadays. Artificial Intelligence (AD is able to replace the common work of accounting However, the tasks that an Al can do is just the repetitive tasks and it does not have the ability to do the human skills tasks. Therefore, accountants should not do the tasks that Al can do. Hence, they should improve their work quality by learning and performing different roles in their workplace. For example, one of the methods to improve the standard of work is learning to be a 81 Pate financial data analyst. This is because Al could not analyze current and future of the company's financial situation. It also cannot help the company to collect the information from the other divisions of the company (Parietti, 2015) Furthermore. Al saves a lot of time for doing the repetitive account tasks and also reduces the human error. This makes an accountant need to find some different roles to play in the company Accountants also need to build up their skills on becoming a professional financial advisor. This is because financial advisor will easily keep in touch with clients and know the current financial situations of the company. This is because the responsibility of financial advisor is providing their professional's advice to the client on how to manage their money wisely ("Financial adviser," 2017). As a result, the company not only has a good relationship with the clients, but also has a chance to have a business connection with the client's company. The repetitive tasks may be replaced by the Al, but these changes will create many works or tasks for the accountant and it also provides an opportunity for accountants to learn different of skills. As the changing rate of the technology becomes rapid, it has created the opportunity and challenges for the accounting profession towards the growth of globalization. Accounting firms start outsourcing for service from other countries such as China and India due to minimization of cost. This action will eventually create a shift in employment within the industry. The greater hamonization between accounting and business standards will be mainly required for the globalization of business and accounting profession continued. Being an accountant, the quality of being multilingual and understand different countries culture (ACCA, 2006). Other than that, accountants not only require to know the knowledge of accounting only they also need to know the skill of communication with other people and have interpersonal skill in order to work and manage with other colleagues. With the knowledge and application of the skills teamed will bring efficiency for the work of accountants Moreover, the increase in regulation and improvements from the government has also being a factor to be one of the impacts of the technology rapid growth rate. This is due to the method of accounting reporting has majority move from traditional handwriting into computing. Financial controllers and tax managers will start have more emphasis on tax transparency. Information sharing, and government tax action. This will make the accountants concentrate more on the rules and regulations regarding accounts reporting (Muhammad Azizul Islam, 2017). For example, the implementation of GST in Malaysia has been April 1, 2015. Businesses, which have registered for the GST require, to install GST-enabled software or adapt their current systems to enable receipts and invoices to highlight GST. There will be penalties are certain offenses like inaccuratcly reporting on GST return and failure to submit will cause the company to pay a large amount of fine to the authority. As an accountant, it is advisable to attend talks and seminars regarding the recent issues regarding accounting in order to obtain the information timely and accurately. This will allow the accountants to know more about the techniques to use the software and the law and rules regarding the accounting related issue (Treasury Today, 2015). Some of the peoples may claim that the rapid changes of technology and artificial intelligence will take over the tasks and jobs of the accountants. According to Bernad Marr, he has stated robots are not going to replace human accountants. This is due to the reason of artificial intelligence will propel innovation in accounting when most of the basic accounting task will be taken over. Artificial intelligence is able to learn to perform redundant, repeatable and often time- consuming tasks (Marr, 2007). However, they cannot perform the tasks that require critical thinking. Although artificial intelligence can complete the complicated task, it still requires people to operate the machine In a nutshell, changing of accounting system bring up a big impact on accountant's career. Although it provides them a convenient way to complete the task assigned, some of the accountants still cannot accept these changes. In this era technology, accountants need to prepare themselves to fix this changing and solve the difficulty of using information technology. Bill Gate stated that "If your business is not on the Internet, then your business will be out of business". But, we never know what the future holds. Accountants have to keep learning and think positively when facing changes and problems

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