Syllabus C8. The impact of Financial Technology (Fintech) on accounting systems

Syllabus C8

The impact of Financial Technology (Fintech) on accounting systems ^{8 / 9}

a) Describe cloud computing as a capability in accountancy and how it creates benefits for the organisation
b) Explain how automation and artificial intelligence (AI) in accounting systems can affect the role and effectiveness of accountants
c) Describe how the application of big data and data analytics can improve the effectiveness of accountancy and audit
d) Outline the key features and applications of Blockchain technology and distributed ledgers in accountancy
e) Define cyber security and identify the key risks to data that cyber-attacks bring
f) Identify and describe features for protecting the security of IT systems and software within business