Digital transformation in financial and management accounting: the importance of higher education
DOI:
https://doi.org/10.59476/mtt2025.v2i21.734Keywords:
accounting digitalisation, artificial intelligence, accountant role, digitalisationAbstract
The profession of accounting faces significant issues because of the rapid growth of information technologies, particularly regarding the digitalisation, artificial intelligence (AI), and how it impacts the duties and responsibilities of accountants. The purpose of this study is to assess how artificial intelligence has impacted the role of accountants and to explain how higher education can help equip them with new skills, particularly in the implementation of artificial intelligence tools. A survey in Lithuania was performed. In total, 32 people working in the accounting field were surveyed. Analysis of results includes a t-test, factorised boxplot analysis, and regression analysis. The results showed that there is evidence of a change in the accounting field. Most significantly, accountants require additional skills, particularly in areas such as cost allocation and transaction registration, where automated procedures and artificial intelligence are utilized to identify errors and automate repetitive tasks. Therefore, to preserve productivity and competitiveness in the labour market, more understanding of automation and artificial intelligence is needed. The respondents' strong desire to learn more about AI-based tools is another significant finding. The findings have important implications since the higher education system may offer additional resources to teach, enhance, or renew knowledge about data analysis, process automation, and the use of artificial tools to address the difficulties posed by the digitalisation of accounting tasks.
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Copyright (c) 2025 Petkov Preslav, Bogomil Ivanov, Petrova Desislava
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