Accounting Roles

What is Accounting, and what is it to be an Accountant? What roles do accountants have in the workforce in society? Some people think that Accounting is a mathematical field, and while not entirely incorrect, that is not all of what makes up the Accounting Field. The field of Accounting is broad, with jobs ranging from bookkeeping, payroll, tax preparation, etc.
One such thing accountants work with is changing tax laws. In the article, “Tax Bill Is Great for Accountants — Unless They Have Holiday Plans” the authors describe the changes initiated by the current president and how it has impacted those in the accounting field. “The sweeping tax legislation that raced through Congress was signed by President Trump on Friday-just as the accounting

What this implies is that this is not always the case, and that it is the professional’s job to say wrong is wrong, even when the situation may not have a crystal-clear resolution.
Technology in Accounting
Technology has a profound impact on our lives, even more so with the current times. The use of Internet and WiFi, the advances in computers/laptops, cellphones, smartwatches, television, software; the list goes on. How does technology have such an impact, especially in the field of Accounting?
Computers and software have made it simpler and faster to record transactions within a company, and with an individual’s personal finances. Programs that accomplish such feats that come to mind are Quickbooks, and Excel, to name a few. The Excel program also allows for the creation of spreadsheets and graphs that can compare and contrast data imputed into it, showing an individual or company where they stand financially, and also in terms of how successful a company is. It can also show percentages of certain expenses incurred out of the total funds they

A Wall Street Journal article titled, Factories Plan Upgrades After Tax Windfall tells the reader how, with the revised tax codes, companies can, “Immediately deduct the entire cost of equipment purchases from their taxable income” (Tangel & McGroarty, 2018). Also, according to the article, companies will be allowed to do this “For the next five years.”
Future Trends in Accounting Much has changed in recent times, especially in the technological aspects of daily living. In this time, such commodities such as electricity are easily accessible. With today’s advances, many fields are evolving with the times, regardless of what occupation an individual finds themselves in. Three factors that will affect Accounting trends are, “evolving smart and digital technology, continued globalization of reporting/disclosure standards, and new forms of regulation” (Islam, 2017). The Microsoft Excel software, as well as QuickBooks, are some examples of technologies that have changed the way accountants take and record