Changes in the profession of financierin the context of digitization

Abstract

Changes in accountant and financial officer's professions are inevitable in light of the challenges stemming from the ongoing globalisation processes, digitalisation, increasing urge for business competition using more sophisticated and expedient managerial decisions. Research aim: to identify the key trends of accountant and financial officer's professions in the context of digitalisation. Companies are increasingly follovving the concept of integrated accountability, as it provides vvider perspectives, in particular where corporate sočiai responsibility is concerned. Accounting is not static and is not mere filing of declarations and statements to statė authorities. Today, accounting is a very vvide field enabling to see a picture of the overall business context, evaluate short- and long-term financial risks, manage crisis situations, and apply integrated approach tovvards dealing with business issues. Accounting services also imply the service of continuous consultancy to a company or farmer, helping the business owner to see when he/she should expand, retreat, or remobilize the business. Softvvare applications used to process the data not only facilitate today's accountant and financial officer's work, but also make it more interesting by doing the less exciting part of the day-to-day tasks - manual entry of data - for him/her. One of the key tasks of these applications, which has recently been undergoing significant improvements, is processing of digital documents (scanned documents, electronic invoices, bank statements). Certain robotic trends are expected to result in reduction in the numbers of data entry jobs. This may promote concentration of the accounting services in the companies offering this type of service and consolidation of such companies... [et al.]