Developments in Accounting JKSSB FAA
There have been several developments in accounting in recent years, including the increased use of technology and automation, the adoption of international financial reporting standards (IFRS), and a greater focus on corporate social responsibility and sustainability reporting. The use of artificial intelligence and machine learning in accounting has led to improvements in areas such as financial forecasting, fraud detection, and data analysis. Additionally, the shift towards IFRS has led to increased comparability of financial statements across countries and industries. Lastly, with increased stakeholder and regulatory focus on sustainability, there has been an increased emphasis on non-financial reporting such as environmental, social, and governance (ESG) metrics. Other developments in accounting include the following: Cloud computing: The use of cloud-based accounting software has become increasingly popular in recent years, as it allows businesses to access their financi...