To assess the main drawbacks of advanced technologyfor the accounting sphere

Résumé

Every accountant knows that accounting is a business language and that language has undergone many changesover the years. Dissemination in the use of information technology and the production of applications has contributed to intense shifts in accounting firms’ Procedures as of the 1990s. From the view of accounting experts, the influence of these advances has not been adequately analyzed. The general purpose of this study was therefore to determine the effect of technological progress on the accounting sphere in Namibia. A descriptive survey design was used to in this study, to establish whether there exists any relationship between advanced technology and Accounting today. The results indicate that the accelerated speed of technological progress tends to challenge conventional processes in all fields, including the accounting profession. The study also revealed that businesses have not only embraced the revolution of advanced technology, but have also started to adopt emerging innovations in the form of accounting software, mobility and the creation of social media platforms. With a figure of less than 50% IT- enabled use, it is obvious that accounting students and accountants do not knowhow to run accounting information systems, while companies continually rely on technological advancements to conduct their tasks

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