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The future accountant   We know the accountancy profession is changing. Automation of The future accountant   We know the accountancy profession is changing. Automation of

The future accountant We know the accountancy profession is changing. Automation of - PowerPoint Presentation

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Uploaded On 2022-06-08

The future accountant We know the accountancy profession is changing. Automation of - PPT Presentation

Job roles are already changing and skillsets are evolving accordingly So what will the future accountant look like and how will the role develop over time   We surveyed over 250 AAT students and more experienced members to get a sense of the future We wanted to understand how you see the ID: 914917

1050724 aat accountancy registered aat 1050724 registered accountancy charity technology future profession automation basic time role accountant processes colleagues

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Presentation Transcript

Slide1

The future accountant

Slide2

We know the accountancy profession is changing. Automation of basic finance processes is starting to take effect and this is a trend which is certain to continue.

Job roles are already changing and skillsets are evolving accordingly.

Slide3

So what will the future accountant look like

and how will the role develop over time?  

Slide4

We surveyed over 250 AAT students and more experienced members to get a sense of the future. We wanted to understand how you see the profession developing. How will accountants and bookkeepers stay relevant in a world increasingly reliant on technology?

Slide5

Here are your thoughts.

Slide6

Overwhelmingly people think advances in technology is a positive.

Slide7

Do you think advances in technology are positive for the accounting profession?

Slide8

Technology has helped

in their roles.

AAT is a registered charity. No. 1050724

Slide9

How has technology impacted on

your role?

Slide10

60% think basic accountancy processes

will be fully automated within five years.

AAT is a registered charity. No. 1050724

Slide11

How soon do you think it will be for basic accountancy processes to be fully automated?

Slide12

The biggest change for the accountancy profession will be automation.

AAT is a registered charity. No. 1050724

Slide13

What do you think the biggest change will be for the accountancy profession?

Slide14

Understanding technology is going to be the most important additional skill.

AAT is a registered charity. No. 1050724

Slide15

Please rank in order of importance the additional skills you think accountants of the future will need.

Slide16

Role will become more strategic and reporting will be in real time.

AAT is a registered charity. No. 1050724

Slide17

Please rank three changes in order of importance that you think accountancy will see as a result of automation.

Slide18

Colleagues and clients now expect information quicker and in real time.

AAT is a registered charity. No. 1050724

Slide19

How have your colleagues or clients expectations changed as a result of automation (tick all that apply)?

Slide20

Accountancy will become more IT based in the future.

AAT is a registered charity. No. 1050724

Slide21

Do you agree or disagree with the following statements?

Slide22

The future accountant