10 Questions
What is the primary benefit of accountants having access to files and data from any location?
Immediate responses to client needs
What technology can accountants use for secure transactions and audit trails?
Blockchain technology
What is the role of predictive analytics in financial decision-making?
Proactive financial decision-making
Why is it important for accountants to develop expertise in strategic planning and performance management?
To move beyond traditional compliance and financial reporting roles
What is the purpose of developing expertise in data analysis and visualization?
To help clients make better business decisions
Why is it important for accountants to enhance their interpersonal and communication skills?
To effectively present data insights and financial information
What has been the impact of rapid changes in the accountant's role?
Increased skepticism and optimism
What is the consequence of manual and repetitive accounting profession jobs being mechanized?
Increased demand for accountants with technical skills
What is the attitude that accountants must adopt to overcome the obstacles in their profession?
Seeing obstacles as opportunities
What is the role of AI-powered systems in financial processes?
Automating data entry
This quiz covers the impact of new technology on the accounting role, including commoditized accounting services and artificial intelligence. It's based on the lecture notes of Madam Salsiah Binti Mohd Ali's AC220B6D class.
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