CPA Australia and Shanghai Nationwide Accounting Institute Reveal Accounting and Finance Technologies Developments , Business Information

SHANGHAI, CHINA – Media OutReach – 21 December 2020 – CPA Australia and Shanghai Countrywide Accounting Institute (SNAI), a leading community support establishment affiliated with the Ministry of Finance of China, announced yesterday the publication of a new ebook titled 10 key technological innovation tendencies for accounting and finance pros in China.

Professor Liu Qin, Deputy President of Shanghai Countrywide Accounting Institute and Michael Yu, President of CPA Australia’s East and Central Committee 2020 joined celebrated the guide launch instant collectively with authors of the ebook and company

The ebook highlights the prime 10 technologies that had the most effect on the accounting and finance occupation in China in 2020 and 5 vital technologies tendencies that are predicted to influence them in the coming many years.

The top rated 10 technologies that had the finest effects on accounting and finance specialists in China in 2020 are: cloud computing, electronic invoicing, big information, digital archiving, robotic course of action automation (RPA), business resource preparing (ERP) technique, blockchain, cellular payments, data mining and computer system assisted audit methods (CAATs). The top five technological know-how tendencies are: blockchain invoicing, electronic forex, World-wide-web of Matters (IoT), 5G and distributed ledger engineering.

Dependent on in-depth interviews with different authorities from foremost corporations and universities, the guide showcases how China’s leading firms adopted technologies into their accounting, money reporting and strategic planning functions in 2020 and the chances and worries companies and accounting and finance specialists experienced in employing these systems.

Michael Yu, President of CPA Australia East and Central China Committee, reported: “As rising technologies continue on to transform the accounting and finance occupation, it is vital for organisations and individuals to maintain abreast of the most up-to-date engineering, so that they can discover and adopt all those remedies that can direct to improvements in small business procedures.

“As a global major accounting physique, CPA Australia is dedicated to supplying assumed leadership to the enterprise community. We are very honored to collaborate with SNAI to join the company and exploration local community and get understanding to support accounting and fiscal specialists prepare for the long run. We glance forward to continuing to doing work with SNAI and other major institutes about the world to aid our members and the community,” Mr Yu reported.

“Many thanks to the assistance of CPA Australia, we are incredibly happy to launch this e-book to the general public today,” Professor Liu Qin, Deputy President of SNA, stated. “Our key goal in publishing this reserve is to explore the worth that various technologies and improvements deliver, to assistance accounting and finance pros get a superior understanding of the practical apps of emerging technologies, and to spotlight the value of boosting the electronic abilities of the accounting job.”