Accounting with Drones - Sri Akshay - 23COMD60

Kumarasamy Dr.PK
Kumarasamy Dr.PKProfessor at KJC
Accounting with Drones - Sri Akshay - 23COMD60
Drones are revolutionizing
the field of accounting,
providing new
opportunities for efficiency
and accuracy. In this
presentation, we will
explore how drones are
being utilized in
accounting processes and
the benefits they offer.
ACCOUNTING WITH DRONES
ACCOUNTING IN INVENTORY
Drones are being used in inventory
management to conduct accurate
and timely stock counts. With their
ability to fly and capture high-
resolution images, drones can
quickly scan large warehouses,
reducing the time and effort
required for manual inventory
checks. This technology ensures
better inventory accuracy and
minimizes errors in accounting
records.
Drone-Assisted Audits
Drones are transforming the auditing process
by enabling auditors to gather data more
effectively. They can capture aerial footage of
physical assets, allowing auditors to assess
the condition and existence of assets
remotely. Drone-assisted audits improve the
accuracy and efficiency of audits, leading to
more reliable financial statements.
Cost-saving benefits
Incorporating drones in
accounting practices can
result in significant cost
savings. By automating tasks
such as inventory checks
and asset inspections,
businesses can reduce labor
costs and improve
productivity. Drones also
minimize the risk of human
error, ensuring more
accurate financial reporting.
Regulatory Considerations
While drones offer numerous advantages in
accounting, it is essential to consider the regulatory
aspects associated with their usage. Compliance with
aviation regulations and privacy laws is crucial to
ensure the ethical and legal use of drones in
accounting practices. By adhering to these
regulations, businesses can harness the full potential
of drones while maintaining integrity in financial
reporting.
PPT :- AZMAT(23comd11)
INFORMATION:-TALHA&ASHITH (23comd39 &
23comd10)
IMAGES:- SHASHANK(23comd68)
VOICE:- AKSHAY (23comd60)
DONE BY:-
1 of 7

More Related Content

Similar to Accounting with Drones - Sri Akshay - 23COMD60(20)

Cost Monitoring FrameworkCost Monitoring Framework
Cost Monitoring Framework
InterGlobe Technologies330 views
Airline doc final javaAirline doc final java
Airline doc final java
prspvvv114 views
Business CaseBusiness Case
Business Case
Min (Jenny) Jung2.1K views
Assets Data Sheet.pdfAssets Data Sheet.pdf
Assets Data Sheet.pdf
Mohammad Shahnewaz12 views
Assets Tracker Solution Data Sheet Assets Tracker Solution Data Sheet
Assets Tracker Solution Data Sheet
Mohammad Shahnewaz6 views
3-The-Big-Change3-The-Big-Change
3-The-Big-Change
Rafael Andres Martinez236 views
Paper391.pdfPaper391.pdf
Paper391.pdf
ssuserecde2f5 views
Cost Accounting, Managerial Accounting, Financial AccountingCost Accounting, Managerial Accounting, Financial Accounting
Cost Accounting, Managerial Accounting, Financial Accounting
Advance Business Consulting21.4K views
Cost Accoounting, Managerial Accounting, Financial AccountingCost Accoounting, Managerial Accounting, Financial Accounting
Cost Accoounting, Managerial Accounting, Financial Accounting
Advance Business Consulting56.8K views
New features  Oracle Fusion (Cloud) -r-13New features  Oracle Fusion (Cloud) -r-13
New features Oracle Fusion (Cloud) -r-13
Ali Raza-Chartered Accountant2.3K views
AirSensus is a SaaS platformAirSensus is a SaaS platform
AirSensus is a SaaS platform
Carlos Borreguero116 views
Aircraft IT Ops V11.3.pdfAircraft IT Ops V11.3.pdf
Aircraft IT Ops V11.3.pdf
Ysselstyn47 views
Compliance Management SystemCompliance Management System
Compliance Management System
RituRaj2124492 views
IBM Internet of Things OfferingsIBM Internet of Things Offerings
IBM Internet of Things Offerings
IBM Internet of Things 16K views
Ab04405158161Ab04405158161
Ab04405158161
IJERA Editor156 views

More from Kumarasamy Dr.PK(20)

ACCOUNTING FOR PLANET - Vaibhav S.pptxACCOUNTING FOR PLANET - Vaibhav S.pptx
ACCOUNTING FOR PLANET - Vaibhav S.pptx
Kumarasamy Dr.PK123 views
Priyanka S Predictive AccountingPriyanka S Predictive Accounting
Priyanka S Predictive Accounting
Kumarasamy Dr.PK77 views
NISARGA MV_21COMF19(2).pdfNISARGA MV_21COMF19(2).pdf
NISARGA MV_21COMF19(2).pdf
Kumarasamy Dr.PK8 views
21COMF25_TEJASHWINI A original (1).pdf21COMF25_TEJASHWINI A original (1).pdf
21COMF25_TEJASHWINI A original (1).pdf
Kumarasamy Dr.PK5 views
Cloud computing.pptxCloud computing.pptx
Cloud computing.pptx
Kumarasamy Dr.PK4 views
sharanya - v.pdfsharanya - v.pdf
sharanya - v.pdf
Kumarasamy Dr.PK14 views
Intern Report MAGLIN 1 (1).pdfIntern Report MAGLIN 1 (1).pdf
Intern Report MAGLIN 1 (1).pdf
Kumarasamy Dr.PK12 views
Predictive AccountingPredictive Accounting
Predictive Accounting
Kumarasamy Dr.PK47 views
FATAH SALMAN SHERIFF.pdfFATAH SALMAN SHERIFF.pdf
FATAH SALMAN SHERIFF.pdf
Kumarasamy Dr.PK4 views
MONICA-Creative Accounting PPTMONICA-Creative Accounting PPT
MONICA-Creative Accounting PPT
Kumarasamy Dr.PK10 views
Danish - Outsourced Accounting.pptxDanish - Outsourced Accounting.pptx
Danish - Outsourced Accounting.pptx
Kumarasamy Dr.PK11 views

Recently uploaded(20)

Scope of Biochemistry.pptxScope of Biochemistry.pptx
Scope of Biochemistry.pptx
shoba shoba110 views
Industry4wrd.pptxIndustry4wrd.pptx
Industry4wrd.pptx
BC Chew153 views
Nico Baumbach IMR Media ComponentNico Baumbach IMR Media Component
Nico Baumbach IMR Media Component
InMediaRes1186 views
BYSC infopack.pdfBYSC infopack.pdf
BYSC infopack.pdf
Fundacja Rozwoju Społeczeństwa Przedsiębiorczego144 views
Azure DevOps Pipeline setup for Mule APIs #36Azure DevOps Pipeline setup for Mule APIs #36
Azure DevOps Pipeline setup for Mule APIs #36
MysoreMuleSoftMeetup75 views
ICANNICANN
ICANN
RajaulKarim2057 views
NS3 Unit 2 Life processes of animals.pptxNS3 Unit 2 Life processes of animals.pptx
NS3 Unit 2 Life processes of animals.pptx
manuelaromero201389 views
Dance KS5 BreakdownDance KS5 Breakdown
Dance KS5 Breakdown
WestHatch52 views
Classification of crude drugs.pptxClassification of crude drugs.pptx
Classification of crude drugs.pptx
GayatriPatra1449 views
Narration lesson plan.docxNarration lesson plan.docx
Narration lesson plan.docx
Tariq KHAN90 views
Lecture: Open InnovationLecture: Open Innovation
Lecture: Open Innovation
Michal Hron82 views
CWP_23995_2013_17_11_2023_FINAL_ORDER.pdfCWP_23995_2013_17_11_2023_FINAL_ORDER.pdf
CWP_23995_2013_17_11_2023_FINAL_ORDER.pdf
SukhwinderSingh895865467 views
ACTIVITY BOOK key water sports.pptxACTIVITY BOOK key water sports.pptx
ACTIVITY BOOK key water sports.pptx
Mar Caston Palacio132 views
Chemistry of sex hormones.pptxChemistry of sex hormones.pptx
Chemistry of sex hormones.pptx
RAJ K. MAURYA97 views

Accounting with Drones - Sri Akshay - 23COMD60

  • 2. Drones are revolutionizing the field of accounting, providing new opportunities for efficiency and accuracy. In this presentation, we will explore how drones are being utilized in accounting processes and the benefits they offer. ACCOUNTING WITH DRONES
  • 3. ACCOUNTING IN INVENTORY Drones are being used in inventory management to conduct accurate and timely stock counts. With their ability to fly and capture high- resolution images, drones can quickly scan large warehouses, reducing the time and effort required for manual inventory checks. This technology ensures better inventory accuracy and minimizes errors in accounting records.
  • 4. Drone-Assisted Audits Drones are transforming the auditing process by enabling auditors to gather data more effectively. They can capture aerial footage of physical assets, allowing auditors to assess the condition and existence of assets remotely. Drone-assisted audits improve the accuracy and efficiency of audits, leading to more reliable financial statements.
  • 5. Cost-saving benefits Incorporating drones in accounting practices can result in significant cost savings. By automating tasks such as inventory checks and asset inspections, businesses can reduce labor costs and improve productivity. Drones also minimize the risk of human error, ensuring more accurate financial reporting.
  • 6. Regulatory Considerations While drones offer numerous advantages in accounting, it is essential to consider the regulatory aspects associated with their usage. Compliance with aviation regulations and privacy laws is crucial to ensure the ethical and legal use of drones in accounting practices. By adhering to these regulations, businesses can harness the full potential of drones while maintaining integrity in financial reporting.
  • 7. PPT :- AZMAT(23comd11) INFORMATION:-TALHA&ASHITH (23comd39 & 23comd10) IMAGES:- SHASHANK(23comd68) VOICE:- AKSHAY (23comd60) DONE BY:-