This report draws on extensive consultation with experts in the fields of accountancy and technology, academics, members of ACCA’s Accountancy Futures Academy and the wider membership of ACCA and the Institute of Management Accountants (IMA).
Accountants and the finance function are part of the connected world. This is changing the ways in which they communicate and collaborate with those in the businesses they work with and for, and shaping new working patterns. It is providing accountants with the opportunity to automate and de-skill time-consuming and repetitive work and thereby focus on higher-value work, and by doing so consolidate their role as strategic business partners.
It is impossible to predict the future with any degree of certainty. Nonetheless, by keeping informed about technologies as they evolve, considering new technologies as they emerge, and then assessing their implications for finance professionals and those they serve and support, accountants can be prepared to minimise the burdens and maximise the benefits. In this way the profession can exploit technology in the future as effectively as in the past.