Technology
A) Has replaced accounting.
B) Has not changed the work that accountants do.
C) Has closely linked accounting with consulting, planning, and other financial services.
D) In accounting has replaced the need for decision makers.
E) In accounting is only available to large corporations.

Question

Quizplus · Accepted Answer

Technology has closely linked accounting with consulting, planning, and other financial services by providing tools and programs that integrate and analyze financial data in real-time. This has allowed accountants to not only perform traditional accounting tasks but also provide strategic advice and guidance to businesses based on data analysis. Additionally, smaller businesses now have access to affordable accounting software that was previously only available to larger corporations. However, technology has not completely replaced the need for accountants as human judgement and interpretation is still needed for many financial decisions.