Virtual Reality and Augmented Reality: Its Impact in the Field of Accounting

Virtual-Reality and Augmented-Reality technologies are forming a new environment in accounting, where actual and virtual elements are combined at various levels. The possibilities of Virtual Reality and Augmented Reality (VR/AR) technologies in supporting the dynamics of global accounting systems and addressing the grand impact on accounting were examined in this study. This research looked into the uses, applications, and benefits of virtual reality and augmented reality in accounting, as well as the potential constraints. This article aims to provide a better understanding of how new technologies affect accounting. It explains the applications, benefits, and limitations of virtual reality and augmented reality in accounting, as well as how it has made accounting easier. The paper finishes with a discussion of theoretical and managerial consequences, as well as a research agenda for the future.