International Journal of Business Analytics and Intelligence

Open Access Open Access  Restricted Access Subscription Access
Open Access Open Access Open Access  Restricted Access Restricted Access Subscription Access

Awareness about Emerging Trends of Robotics in Accounting : An Empirical Research


Affiliations
1 Department of Accountancy and Statistics, Convener PGDIT University College of Commerce and Management Studies, Mohanlal Sukhadia University Udaipur, Rajasthan, India
2 Department of Accountancy and Statistics, University College of Commerce and Management Studies, Mohanlal Sukhadia University Udaipur, Rajasthan, India
     

   Subscribe/Renew Journal


In the era of automation, the methods of recording and analysing business transactions are becoming automated, thus leading to the emergence of various disruptive technologies in the field of accounting. Robotic accounting is one such technology. The daily, repetitive data are automated using Bot software. In the present research, an attempt has been made to study the awareness about the use of robotic process automation (RPA) in accounting. The sample selected for the study consists of students, academicians, accountants, entrepreneurs, and auditors. The research analysed how this disruptive technology affects the work of accountants. Cronbach’s alpha test was applied to test the consistency of the items. Factor analysis was done to identify the factors that affect the use of robotics accounting. Factor analysis extracted three major components. The chi-square test was applied to measure the relationship between the respondents’ understanding of robotic process automation in accounting and their demographics. From the results, it can be inferred that the respondents’ understanding of robotic process automation in accounting differs significantly with respect to their gender, age, qualification, and profession.

Keywords

Robotics Accounting, Robotic Process Automation, RPA Software, Exploratory Factor Analysis, Chi-Square.
Subscription Login to verify subscription
User
Notifications
Font Size


  • Fernandez, D., & Aini, A. (Eds.). (2018). Impacts of robotic proces automation on global accounting services. Asia Journal of Accounting and Governance, 9(2180-3838), 127-140.

  • Karipur, N. K., & Balaraimachandran, P. R. (2018). Robotic process automation - A study of the impact Journal of Internet Banking and Commerce.

  • Madakam, S., Holmukhe, M. R., & Kumar, D. J. (Eds.). (2019). The future digital work force: Robotic process automation (RPA). Journal of Information System and Tecnology Management, 16.

  • Severin, L., Mathieu, W., & Sisbot, E. (2017). Artificial cognition for social human robot interaction: An implementation. Journal of Elsevier, 45-69.

  • Soni, R. V. (2018). Awareness and adoption of cloud accounting software: An empirical research. IUP J ournal of Accounting Research and Auditing Practices, 36-50.

  • (n.d.). Retrieved from https://www.techfunnel.com/f intech/impact-of-robotics-in-finance-and-accounting/s

  • (n.d.). Retrieved from https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3193222


Abstract Views: 194

PDF Views: 0




  • Awareness about Emerging Trends of Robotics in Accounting : An Empirical Research

Abstract Views: 194  |  PDF Views: 0

Authors

Shilpa Vardia
Department of Accountancy and Statistics, Convener PGDIT University College of Commerce and Management Studies, Mohanlal Sukhadia University Udaipur, Rajasthan, India
Ritu Soni
Department of Accountancy and Statistics, University College of Commerce and Management Studies, Mohanlal Sukhadia University Udaipur, Rajasthan, India
Rimpi Saluja
Department of Accountancy and Statistics, University College of Commerce and Management Studies, Mohanlal Sukhadia University Udaipur, Rajasthan, India

Abstract


In the era of automation, the methods of recording and analysing business transactions are becoming automated, thus leading to the emergence of various disruptive technologies in the field of accounting. Robotic accounting is one such technology. The daily, repetitive data are automated using Bot software. In the present research, an attempt has been made to study the awareness about the use of robotic process automation (RPA) in accounting. The sample selected for the study consists of students, academicians, accountants, entrepreneurs, and auditors. The research analysed how this disruptive technology affects the work of accountants. Cronbach’s alpha test was applied to test the consistency of the items. Factor analysis was done to identify the factors that affect the use of robotics accounting. Factor analysis extracted three major components. The chi-square test was applied to measure the relationship between the respondents’ understanding of robotic process automation in accounting and their demographics. From the results, it can be inferred that the respondents’ understanding of robotic process automation in accounting differs significantly with respect to their gender, age, qualification, and profession.

Keywords


Robotics Accounting, Robotic Process Automation, RPA Software, Exploratory Factor Analysis, Chi-Square.

References