#4 Accounting Firms Moving Slowly toward cloud


Accounting firms moving slowly toward cloud:
As discussed in my previous post, it seems to be that accounting is slowly moving towards cloud based software. The article Accounting Firms Moving toward Cloud only further explains why. According to the article, multiple studies have shown that digital business will be the key element in accounting but only an estimated eight percent of CPA’s believe the accounting profession is ready for the future…today. Based off the information in the article, the readiness of these changes seems to be dependent on the size of the firm. Smaller firms are more likely to be the last ones to switch solely to cloud based technologies because they tend to wait until the current systems they are using fail. Bigger firms however, will more than likely be evolved to the cloud systems because they have more people directly related to IT management, meaning a bigger staff ready to learn and help with training processes, not to mention, most large firms already operate using paperless systems, making the transition that much easier for them.


Drew, Jeff. "Accounting firms moving slowly toward cloud." The Journal of Accountancy, 1 Mar. 2015. www.journalofaccountancy.com/issues/2015/mar/cloud-accounting-software-cpa-firms

My conclusion on this topic is that I believe it is inevitable that things will be changing and I am convinced after all my reading that this change will be taking place over the next five years. The biggest thing I have learned is that the changes will change the way Accounting is done and how to assist the clients will be so different from what it has been. The changes will have the Accountant advising the clients of things to help grow their business and make smarter financial decisions for the long term growth of the client. I do still wonder though if curriculum will keep up with the changes in the cloud accounting and gear more learning toward this type of advising and consulting. My thoughts on my argument in my essay may be leaning towards the actual learning of the new methods and whether educating future accounting students will change also. I am definitely looking forward to writing my argumentative essay and continuing to learn more about this topic. I hope this blog has help someone else or will help someone in the future.

Comments

  1. AnonymousApril 15, 2018 at 9:30 PM

    I think your post this time is really good. The way everything flowed together and made sense. When you say readiness depends on the firm does that mean that it will happen at different times over the years?

    ReplyDelete

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