Answer the following questions or topics during your analysis. 1. Briefly explain Artificial intelligence and blockchain. How are they currently used in accounting? What is the potential use in accounting in the future? 2. Explain to what extent AI and blockchain will eliminate the need for accountants? You are expected to comment on future accounting jobs and skills the accountants need to possess? 3. To what extent do you support arguments made by the author regarding AI and blockchain? Explain your point of views and provide evidence in support of your point of views. 4. Are there any other technologies that can also have an impact on accounting field? Name and explain at least one technology. Document Preview:

Vol. 32 I No. 1 I January 2018 accountingtoday.comTAX SEASON KICKOFF P.9 2017 IN REVIEW P.14 TIME TO CONSULT? P.25 Shifting regs and continued security threats The year’s most signi cant tax developments CPAs should transform into future-minded set the scene for an opportunity- lled year will continue to impact in the coming months advisors by harnessing new skills and techHorsey, Buckner & Hef er partners Brace yourself for (from l): George Saitta, Kia Buckner, Ed Radetich and Michael Horsey AI & blockchain ere’s less threat and more opportunity in emerging technologies than many thinkBY DANIEL HOODAt rst glance, the threats seem have the potential to help accoun-clear: One type of software will tants actually boost their revenue, learn how to perform all manner their relevance and their value — of business functions, particularly provided they’re willing to develop in nance and accounting, while the necessary skills, and change BUILT FORanother will continuously validate their mindsets.any set of data or information. Understanding why each of Between them, artificial in- these two emerging technologies telligence and blockchain seem is less of a threat and more of an INCLUSIONpoised to disrupt — or even de- opportunity than they might seem stroy — many of the core busi- requires a separate, deeper dive HORSEY, BUCKNER & HEFFLER CREATED nesses of the accounting profes- into each, as they’re going to have A NEW MODEL FOR DIVERSITY See page 6sion, automating or rendering different impacts on the profes-irrelevant important traditional sion, over di erent time horizons.services like the audit. But while there can be little doubt that they ARTIFICIAL INTELLIGENCEwill eliminate the need for human It’s only partially accurate to de-beings to perform many of the in- scribe AI as an emerging technolo-dividual functions traditionally as- gy; it has already emerged in some sociated with accountants, both forms and some…


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