THE 4TH INDUSTRIAL REVOLUTION AND ITS POSSIBLE REDUNDANCY EFFECT ON ACCOUNTING PROFESSIONALS

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ABSTRACT

This study examined the relationship between the 4th Industrial Revolution and its potential redundancy effect on accounting professionals in Nigeria. This study utilizes both primary and secondary data spanning the past decade to test for and the degree of any such relationship between the variables. Descriptive statistics, Pearson's correlation coefficient and Ordinary Least Squares regression were implored test the data gathered. The results indicated that the 4th industrial revolution has no significant impact on employability of accounting professionals, the number of accountants employed and the standard of living of accounting professionals, ergo the industrial revolution has no significant redundancy effect on accounting professionals. This study recommends that accountants become apt with technological innovations and adaptability to remain competitive. It also recommends constructive integration of technological applications in the field of accounting in our learning and training environments.

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