In 2019, McKinsey Consulting gave a report that 50% of jobs will be replaced by artificial intelligence in the next 2030, of which accounting, which requires a lot of labor costs, will bear the brunt.

So what technologies will have an impact on the development of accounting and its related disciplines in the current technological developments?

1.1 Cloud data

A large amount of financial information to realize the cloud **** to enjoy, improve the efficiency of financial work, reduce errors and omissions, reduce costs, but at the same time there are data security risks.

1.2 Big Data Analytics

Through big data mining and analytics, it improves the accuracy of forecasts, optimizes the results of financial forecasts, and helps companies or auditors to carry out risk management, such as credit assessment and forecasting.

1.3 Artificial Intelligence

Taking Deloitte's financial robot as an example, artificial intelligence can replace the tedious work in the process, such as information entry, bill checking and so on, and 1 robot completes the workload of 40 people before, greatly improving the efficiency of the financial work, and reducing the cost of the enterprise.

1.4 Blockchain

Blockchain, also known as distributed bookkeeping applications. At present, in the direction of accounting, the more extensive use of blockchain invoices.

The rapid development of science and technology on the one hand, has brought a huge impact on the traditional accounting practice, and accounting practitioners are facing the risk of unemployment; on the other hand, it has also brought new opportunities and challenges to the development of the accounting industry. And how to seize these opportunities to cope with the challenges is the problem that every accounting practitioner needs to think about.