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Reimagining Accounting in the Digital Age: Technological Integration and Evolving Practices

Authors

Dr. Jyotirmoy Koley

Assistant Professor of Commerce, Darjeeling Government College, Darjeeling, West Bengal (India)

Article Information

DOI: 10.51584/IJRIAS.2025.1010000072

Subject Category: Accounting

Volume/Issue: 10/10 | Page No: 886-896

Publication Timeline

Submitted: 2025-09-24

Accepted: 2025-09-29

Published: 2025-11-07

Abstract

This study examines the transformative shifts in accounting practices prompted by rapid technological advancements, evolving economic dynamics, and changing stakeholder expectations. The integration of artificial intelligence, machine learning, and blockchain technologies is revolutionizing traditional accounting processes, allowing accountants to concentrate on strategic roles and value-added activities. The digital economy necessitates the adoption of innovative accounting models such as cloud-based sustainability accounting platforms to enhance reporting capabilities and provide timely insights. Stakeholders are increasingly demanding greater transparency and accountability, leading to the implementation of new standards and technologies. Globalization and complexity require alignment with international standards and advanced data-management capabilities. This study proposes a framework for reimagined accounting based on technological integration, expanded measurement and reporting models, and the evolving roles of accountants. However, the challenges include standardization and regulation issues, technological hurdles, cultural resistance, skill gaps, and ethical considerations. The future landscape implies increased efficiency, enhanced decision-making, greater transparency, and the need for significant changes in accounting education. Continuous adaptation and innovation are crucial for meeting the demands of a rapidly changing business environment. Future research should focus on overcoming these barriers and developing comprehensive reporting frameworks that integrate financial and non-financial information.

Keywords

Accounting Transformation, Technological Advancements, Artificial Intelligence, Machine Learning

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