Robotic Process Automation (RPA): Its Application and the Place for Accountants in the 21st Century
Journal: International Journal of Advanced Finance and Accounting (Vol.2, No. 1)Publication Date: 2021-03-31
Authors : Egiyi Modesta Amaka; Chukwuani Victoria Nnenna PhD;
Page : 30-40
Keywords : Robotic Process Automation; Job Loss Among Accountants; Adoption of RPA; Efficiency in Financial Reporting;
Abstract
This article explored the Application of Robotic Process Automation (RPA) in 21st Century and the place of accountants. RPA is common among firms and accountants looking to increase efficiency in financial reporting. RPA is a concern for economists and scholars as they opine that RPA will render many accountants jobless. This article discusses how the adoption of RPA by firms will not be a cause for job loss among accountants, but rather it will launch accountants to a higher career function. Robots can only process data and offer narrow interpretations, but a wider interpretation of processed financial and data making decisions based on analyses will require human judgement.
Other Latest Articles
- An Empirical Analyses of the Effect of National Debt on Inflation Rate in Nigeria
- Effect of the Fall of International Oil Price on Exchange Rate in Nigeria
- Armstrong Iheanacho
- Management of Operational Risks among Financial Institutions: Implications on Performance
- Impact of International Financial Reporting on Earnings Management: Evidence from Nigeria
Last modified: 2022-08-30 19:04:46