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Emerging Financial Accounting Trends 2022

Technology is synonymous with development and modernizing the business landscape. Even in the pandemic state, Technology growth helps to transforms systems and processes, converting manual tasks into automated functions to operate businesses more efficiently and effectively. Latest accounting trends mainly revolve around this growth of automation and high-tech systems covering various accounting process that are being automated like approval workflows, bank reconciliation, journal entries, inter-company consolidation, revenue recognition, lease accounting and depreciation.