Robotic Process Automation (RPA): Its Application and the Place for Accountants in the 21st Century
- Post by: airjournals
- March 31, 2021
- Comments off
This article explored the Application of Robotic Process Automation (RPA) in 21st Century and the place of accountants. RPA is common among firms and accountants looking to increase efficiency in financial reporting. RPA is a concern for economists and scholars as they opine that RPA will render many accountants jobless. This article discusses how the adoption of RPA by firms will not be a cause for job loss among accountants, but rather it will launch accountants to a higher career function. Robots can only process data and offer narrow interpretations, but a wider interpretation of processed financial and data making decisions based on analyses will require human judgement.
Keywords: Robotic Process Automation; Job Loss Among Accountants; Adoption of RPA; Efficiency in Financial Reporting
Egiyi, Modesta Amaka PhD.1; Chukwuani, Victoria Nnenna PhD2