Financial Accounting Theory And Practice


Question:

Critically analyse an academic article written by Daniel Hood. 

Hood, D. (2018), Brace yourself for AI & blockchain: There's less threat and more opportunity in emerging technologies than many think Accounting Today. Business Source Ultimate You may use an essay format or any other acceptable academic format for critical review. Use APA referencing style guide. Use minimum 10 academic references.

Answer the following questions or topics during your analysis.

1. Briefly explore and explain what is Artificial intelligence and Blockchain? How are they currently used in accounting? What is the potential use in accounting in the future?

2. Describe in detail one case for each how Artificial intelligence is being used in accounting and how Blockchain can be used in accounting.

3. Do you disagree with any arguments made by the author? Explain your point of view and provide evidence in support of your point of views.

4. Comment on how would financial reporting regulation change in the future and with advancement in technologies in accounting?



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