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Accounting Standards Reporting in Digital Technologies Exploring Benefits Challenges and Potential Risks Abalaka James Nda; Lukman Ojedele Lawal; Sulaiman Taiwo Hassan
International Journal of Science and Society (IJSS) Vol. 1 No. 1 (2025): June
Publisher : Marasofi International Media and Publishing (MIMP)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.64123/ijss.v1.i1.5

Abstract

In today’s era of the Fourth Industrial Revolution, digital technologies have become essential in the field of accounting. These technological advancements are reshaping all business sectors, including accounting, with both positive and negative consequences. The rapid adoption of digital tools is challenging accounting professionals and recent graduates to acquire new digital competencies. However, despite the growing presence of these technologies, there remains a gap in understanding their overall impact on accounting practices. This study provides a critical analysis of the role digital technologies play in accounting and reporting, emphasizing their benefits, limitations, and associated risks. Employing a systematic literature review alongside an inductive approach and thematic analysis, the research reveals that, although issues such as inadequate data governance, cybersecurity threats, and privacy concerns persist, digital technologies significantly enhance accounting by enabling real-time data access, automating routine tasks, facilitating data visualization, supporting big data analytics, reducing errors, and improving operational efficiency. Ultimately, these technologies are revolutionizing accounting processes by increasing both effectiveness and productivity. The study advocates for accounting professionals, practitioners, and policymakers to prioritize investment in emerging digital innovations. 
Artificial Intelligence in Accounting Practice: An Interdisciplinary Review of Technological Innovation and Its Socio-Economic Implications Abdulrahman Abdulganiyu; Sulaiman Taiwo Hassan
Jurnal Kajian dan Inovasi Ilmu (JKII) Vol. 1 No. 1 (2025): Mei
Publisher : Marasofi International Media and Publishing (MIMP)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.64123/jkii.v1.i1.5

Abstract

The accounting profession is undergoing significant transformation due to the advancements and integration of Artificial Intelligence (AI), which offers opportunities to enhance and restructure various accounting tasks. A crucial factor in this shift is the ability of accountants to rapidly adjust to these changes by developing the essential skills and knowledge required to effectively collaborate with AI technologies, while also addressing concerns about job security. This study aims to explore the influence of Artificial Intelligence on accounting by conducting a systematic review of existing literature. Results indicate that although current accounting practices incorporate technology to streamline processes and boost efficiency, there is concern that limited AI proficiency may reduce job prospects for accountants. This research contributes valuable insights into the challenges and potential advantages AI poses for the profession. It also emphasizes the need for proactive measures to equip future accountants for an AI-driven work environment.
A Systematic Review of the Impact of Technological Advancements on Modern Accounting Practices Sulaiman Taiwo Hassan; Abdullahi Ya'u Usman
Multicore International Journal of Multidisciplinary (MIJM) Vol. 1 No. 1 (2025): May
Publisher : Marasofi International Media and Publishing (MIMP)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.64123/mijm.v1.i1.1

Abstract

With the emergence of Industry 4.0, advanced technologies such as artificial intelligence (AI), data analytics, and automation have profoundly transformed the field of accounting. This paper presents a systematic review of recent literature to investigate the evolving landscape of accounting practices influenced by these technological advancements. The study emphasizes the impact of information technology and data analytics on accounting processes and managerial decision-making. Employing a rigorous systematic literature review methodology, relevant academic sources and premier journals were examined under strict inclusion and exclusion criteria. Findings reveal a notable rise in the integration of IT and data analytics within the accounting profession, alongside challenges related to implementation, including the necessity for specialized training and organizational adaptability. The paper concludes by advocating for the creation of comprehensive training programs to support accounting professionals in navigating technological transitions. This review aims to enhance the understanding of current trends in accounting and to guide future research directions in this evolving domain.
Comprehensive Review on Artificial Intelligence Techniques for Financial Forecasting and Their Applications in Stock Market Analysis Sulaiman Taiwo Hassan; Yusuf Adeyanju Yisau; Abalaka James Nda; Abdullahi Ya'u Usman
Multicore International Journal of Multidisciplinary (MIJM) Vol. 1 No. 1 (2025): May
Publisher : Marasofi International Media and Publishing (MIMP)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.64123/mijm.v1.i1.4

Abstract

The methodology involves a systematic review of scholarly literature, concentrating on peer-reviewed studies that discuss the efficacy, obstacles, and future directions of AI in stock market forecasting. Results indicate that AI holds significant promise for improving market efficiency and enhancing the understanding of price volatility. Nonetheless, issues such as data integrity, transparency of AI models, and the demand for comprehensive regulatory oversight remain critical concerns. The conclusions emphasize AI’s transformative capacity to process large-scale datasets and forecast market behavior with greater precision. At the same time, the research acknowledges current AI limitations and advocates for a hybrid approach that integrates AI with traditional forecasting techniques and ongoing algorithmic improvements. Recommendations stress the importance of interdisciplinary collaboration among AI developers, ethical scholars, and financial professionals to create AI systems that are transparent, ethically responsible, and operationally effective. Overall, this paper provides an extensive overview of AI’s impact on financial forecasting, offering valuable insights for future research. It highlights both the substantial opportunities and complex challenges AI introduces to stock market analysis, marking a significant step toward more data-driven decision-making in finance.
The Advancement of the Accounting Profession in Nigeria After 2024 in Relation to Information and Communication Technology Sulaiman Taiwo Hassan; Egwuma Deborah Ojochenemi
Green Economics: International Journal of Islamic and Economic Education Vol. 2 No. 1 (2025): January: Green Economics: International Journal of Islamic and Economic Educati
Publisher : International Forum of Researchers and Lecturers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70062/greeneconomics.v2i1.221

Abstract

Information and communication technologies' (ICTs') explosive growth will raise questions efficiently support the accounting industry in order to simplify the delivery of its goods and services in Nigeria beyond 2024. The role of ICT on the growth of the accounting profession in Nigeria was the main focus of this study. Using a tool called the role of ICT in Accounting Questionnaire (RIAQ), 60 accountants' opinions were purposefully gathered from the teaching and bursary staff of Nasarawa State University, Keffi, as well as the six banks that operate in Keffi Metropolis, in order to implement the survey study design. The chi-square statistic was employed in the data analysis to determine the degree to which ICT has helped the accounting industry, and the association between ICT and job competency in the accounting industry was examined using regression analysis. In summary, the study discovered a substantial correlation (P<0.05) between accounting proficiency and ICT use. According to the study's findings, ICT is crucial to Nigeria's accounting and Vision 2024 progress and achievement. It was suggested that accounting professionals should receive ongoing training in order to embrace and use ICT into accounting practice.
Nigerian Economic Development, Fiscal Federalism, and Contending Issues: Theoretical and Practical Approaches to Methodology Sulaiman Taiwo Hassan; Abalaka J.N; Ajiteru S.A.R
Global Economics: International Journal of Economic, Social and Development Sciences Vol. 2 No. 2 (2025): June: Global Economics - International Journal of Economic, Social and Developm
Publisher : International Forum of Researchers and Lecturers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70062/globaleconomics.v2i2.223

Abstract

This essay looks at an investigation into the economies, A significant topic in the policy equation of many has been fiscal federalism, which reflects the degree of fiscal autonomy and responsibility granted to subnational government developing, transitional, and industrialized nations. Scholarly attention has been drawn to Nigeria's federalism because of its intricacy and vibrancy. This is due to the fact that it has created numerous issues that could jeopardize the Nigerian state's corporate existence and continuity. Therefore, the relationship between Nigeria's fiscal federalism and the oil-rich nation's lack of economic development is highlighted in this study. Our main contention is that Nigeria's fiscal federalism has not sparked the growth that the system's designers had hoped for. Therefore, this essay looked at Nigeria's fiscal federalism's development, composition, and practices. In order to do this, the study used secondary sources to collect data and combined descriptive and analytical methodologies. According to the report, Nigeria has not functioned as a a federal constitution, making it a true federation. Taxing authority and fiscal responsibility are still heavily concentrated. Numerous issues, such as the federal government's dominance in income sharing, the lengthy period of military interregnum rule, and an excessive reliance on Federation Account revenue, have hindered Nigeria's practice of fiscal federalism. This study investigated how fiscal federalism and the chosen distribution formula contribute to unhappiness and violent agitation. In order to do this, the study used secondary sources to collect data and combined descriptive and analytical methodologies. Therefore, the study came to the conclusion that in order to promote sound fiscal independence, the federal government should give state governments some of its taxing authority. and rivalry between states.