Trends in accounting

1. Topic : Accounting with drones
Prepared by : Jack Allan
Academic year : 2023-24

2. Accounting with drones
Drones have opened up new possibilities
for accountants to perform their tasks
more efficiently and effectively. Emerging
technologies like AI, blockchain, big data,
the IOT, and drone technology have
revolutionized accounting profession.
Meaning:

3. This is faster, cheaper, safer and more
accurate than traditional methods.
Meaning:
Accounting with drones
Drones can assist the firm or staff to take
account area difficult to reach. Drone methods
allow for storage of long-term data.

4. Advantages
•More efficient inspections.
•Conducting scientific research.
•Facilitates deliveries.
•Rescue operations.
•Military applications.
•Video and photo capture.

5. Produce accurate data that can be
relevant for future forecast and
planning. It depend on how accountant
use drone technology to collect insight
into the condition of assets.
Drones are used in warehouses to help
with inventory management.
Minimized losses

6. •Weather conditions can affect drone flights.
•Drones have limited flight time.
•They require skilled operators.
•Drone surveys can be affected by interference.
•High-quality drones can be expensive.
•Legal and regulatory requirements apply.
•Drones can pose safety risks.
Disadvantages

7. Drones may save money for accounting
clients, who can use them for stock takes,
mapping, safety monitoring and to inspect
bridges and building,Reduce the risk of injury.
Conclusion