To assess the main drawbacks of advanced technology for the accounting sphere

Abstract

Every accountant knows that accounting is a business language and that language has undergone many changes
over the years. Dissemination in the use of information technology and the production of applications has
contributed to intense shifts in accounting firms’ Procedures as of the 1990s. From the view of accounting
experts, the influence of these advances has not been adequately analyzed. The general purpose of this study
was therefore to determine the effect of technological progress on the accounting sphere in Namibia. A descriptive
survey design was used to in this study, to establish whether there exists any relationship between advanced
technology and Accounting today. The results indicate that the accelerated speed of technological progress tends
to challenge conventional processes in all fields, including the accounting profession. The study also revealed
that businesses have not only embraced the revolution of advanced technology, but have also started to adopt
emerging innovations in the form of accounting software, mobility and the creation of social media platforms. With
a figure of less than 50% IT- enabled use, it is obvious that accounting students and accountants do not know
how to run accounting information systems, while companies continually rely on technological advancements to
conduct their tasks.