Adapting to New Technological Tools in Accounting and Data Protection
Chapter from the book:
Yücel,
R.
&
Ayyıldız,
Y.
(eds.)
2024.
Accounting in the Digital Age: Studies on Digitalization, Inflation, and Sustainability.
Synopsis
The rapid advancements in information technology today compel businesses to adapt to these changes. This is particularly critical in the field of accounting, where the methods and tools employed must align with evolving conditions. This study examines the latest technological advancements in the accounting profession, their advantages, and the significance of data security and privacy. The purpose of the study is to highlight the importance of adopting new technological tools by accounting professionals, assess the benefits these tools provide, and evaluate the necessary measures for ensuring data protection. The findings indicate that the utilization of new technological tools by accounting professionals offers significant benefits to businesses in terms of data security, accuracy, speed, and efficiency. Furthermore, the study concludes that the increasing volume and diversity of data significantly impact accounting systems, underscoring the necessity of implementing robust data protection measures.