Authors:
Reva Prasad Mishra, Ruchi Garg
Addresses:
Department of Management, Mody University Science and Technology, Laxmangarh, Sikar, Rajasthan, India.
Abstract:
This research paper will discuss the study investigating challenges in accounting and finance by examining the impacts of technological advancements, regulatory changes, and global economic shifts from December 2023 to December 2024. The research focuses on three primary questions: How are emerging technologies transforming accounting practices? What are the implications of recent regulatory changes for financial reporting and compliance? How do global economic shifts affect financial markets and corporate finance strategies? Using a mixed-methods approach, the study combines quantitative analysis of financial data with qualitative interviews with industry experts. The sample includes financial statements from major corporations, regulatory updates, and interviews with 200 accounting and finance professionals across various sectors. The findings reveal that emerging technologies enhance financial reporting and audit processes but pose new challenges. Regulatory changes are increasing compliance costs and demanding real-time reporting. Global economic shifts influence investment strategies and corporate financial decisions. The study concludes that embracing these changes can enhance transparency, efficiency, and strategic decision-making.
Keywords: Accounting and Finance; Global Technology; Investment and Regulations; Financial Reporting; Regulatory Developments; Global Economic Shifts.
Received: 12/06/2024, Revised: 15/08/2024, Accepted: 28/09/2024, Published: 03/12/2024
AVE Trends in Intelligent Technoprise Letters, 2024 Vol. 1 No. 4 , Pages: 203-211