{"product_id":"accounting-disrupted-isbn-9781119720065","title":"Accounting Disrupted","description":"\u003cp\u003e\u003ci\u003eAccounting Disrupted: How Digitalization is changing Finance\u003c\/i\u003e delivers a powerful analysis of the new technological forces buffeting the accounting profession and identifies key pathways to responding to the challenges. Al Bhimani, distinguished accountant, academic, and author, shows readers how established business fundamentals are being eclipsed and that accounting has not been spared.\u003c\/p\u003e \u003cp\u003eYou'll learn:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eHow the new realities of digitalization, including big data and AI, are affecting audit work and financial management practices\u003c\/li\u003e \u003cli\u003eHow learning fast about and from more diverse data sources is essential to the new accounting environment\u003c\/li\u003e \u003cli\u003eWhy accounting information must start to speak to what will take place rather than about financial activities that have occurred\u003c\/li\u003e \u003cli\u003eWhat finance must do in a world of changing risks, data growth, fast digitization, and increased regulation\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eThe author makes a compelling case that accounting now faces a crunch: it needs to reshape itself from the core because conventional financial analysis is proving too cumbersome and slow for executives in digitalized organizations. In a straightforward and illustrated style packed with case studies and practical examples, he shows readers how big data, blockchain, robotic process automation, and artificial intelligence, can help accountants adapt to new realities.\u003c\/p\u003e \u003cp\u003ePerfect for finance leaders in both the private and public sectors, \u003ci\u003eAccounting Disrupted\u003c\/i\u003e also belongs on the bookshelves of accounting students who wish to better prepare for the technological and professional environment in which they’ll shortly find themselves.\u003c\/p\u003e \u003cp\u003ePreface xi\u003c\/p\u003e \u003cp\u003eAcknowledgments xv\u003c\/p\u003e \u003cp\u003eAbout the Author xvii\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Accounting Disrupted 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGlobal Forces Reshaping the Digital Economy 5\u003c\/p\u003e \u003cp\u003eWhat Do Businesses Want? 10\u003c\/p\u003e \u003cp\u003eWith Great Data Power Comes Great Responsibility 12\u003c\/p\u003e \u003cp\u003eWhy Data is Growing 13\u003c\/p\u003e \u003cp\u003eIf Finance Stands Still 15\u003c\/p\u003e \u003cp\u003eNotes 17\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Unleashing Digitization 19\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy is Finance Changing? 22\u003c\/p\u003e \u003cp\u003eThe Rise of Digital 24\u003c\/p\u003e \u003cp\u003eDecision-Making and Information: A Warning! 35\u003c\/p\u003e \u003cp\u003eNotes 38\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 The Trouble with Finance 41\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBusiness is No Longer Linear 43\u003c\/p\u003e \u003cp\u003eStrategy Folklore 45\u003c\/p\u003e \u003cp\u003eThe Importance of “?s” 50\u003c\/p\u003e \u003cp\u003eHigh Sales Volume Means High Profits, Right? 54\u003c\/p\u003e \u003cp\u003eHow Do New Technologies Disrupt Accounting? 56\u003c\/p\u003e \u003cp\u003eWhat Now? 60\u003c\/p\u003e \u003cp\u003eNotes 61\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 As If Managing Costs Mattered 63\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAccounting Pillars 66\u003c\/p\u003e \u003cp\u003eA Risk from Which There is No Return 66\u003c\/p\u003e \u003cp\u003eVolume is Half the Story 69\u003c\/p\u003e \u003cp\u003eGrowth Through Scope 76\u003c\/p\u003e \u003cp\u003eNotes 82\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Learning is Everything 83\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLearn Fast: Cut Costs Faster 85\u003c\/p\u003e \u003cp\u003eIntelligent Learning 87\u003c\/p\u003e \u003cp\u003ePush the Pedal 90\u003c\/p\u003e \u003cp\u003eNotes 93\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Performance Changes 95\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eNew Targets for Performance Management 98\u003c\/p\u003e \u003cp\u003eWhose Performance, Anyway? 99\u003c\/p\u003e \u003cp\u003eOperations Get Closer to Strategy 100\u003c\/p\u003e \u003cp\u003eIncentivizing Digitalization 101\u003c\/p\u003e \u003cp\u003eData’s Consequences 104\u003c\/p\u003e \u003cp\u003eDigitalization Makes All Enterprises Unlike 105\u003c\/p\u003e \u003cp\u003eOn Being Data-Centric and Intuitive 106\u003c\/p\u003e \u003cp\u003ePredictive Performance Management 108\u003c\/p\u003e \u003cp\u003eHow to Track Digitalization 110\u003c\/p\u003e \u003cp\u003eNotes 111\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Digitalization and Auditing 113\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBig Data: Big Audit Questions 116\u003c\/p\u003e \u003cp\u003eRPAs, AI, and Audits 118\u003c\/p\u003e \u003cp\u003eBlockchain is Here 121\u003c\/p\u003e \u003cp\u003eNotes 128\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Better Change Your Mind 129\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eUnite and Conquer: The New Data Mantra 132\u003c\/p\u003e \u003cp\u003eWhat Skills? 137\u003c\/p\u003e \u003cp\u003eRisking Digital 140\u003c\/p\u003e \u003cp\u003eThe Hidden Side of Data: Careful! 144\u003c\/p\u003e \u003cp\u003eWhat “New Normal”? 147\u003c\/p\u003e \u003cp\u003eNotes 150\u003c\/p\u003e \u003cp\u003eResources 153\u003c\/p\u003e \u003cp\u003eIndex 157\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eAL BHIMANI, P\u003csmall\u003eH\u003c\/small\u003eD\u003c\/b\u003e, is Professor of Management Accounting at the London School of Economics. He was formerly Head of the Department of Accounting at LSE and Founding Director of LSE Entrepreneurship. He is an internationally sought-after speaker and has written several books, including \u003ci\u003eManagement and Cost Accounting\u003c\/i\u003e (2019).   \u003c\/p\u003e\u003cp\u003eDigital technologies and intelligent machines are enabling enterprises everywhere to reshape their businesses and the economy at large. With information available at the touch of a button, digitally enabled corporations have become agile, able to swiftly refocus their strategies and resource allocation decisions across the board. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eAccounting Disrupted: How Digitalization Is Changing Finance\u003c\/i\u003e delivers a compelling call to arms for members of the accounting profession to embrace these new technologies and techniques. Al Bhimani—accountant, academic, and author—shows readers why conventional financial analysis is proving itself ineffective in dealing with the information needs of executives in all sorts of organizations. He demonstrates how the new wave of digitalization can help accountants bridge the gap between what traditional accounting provides to executives and what they really need. \u003c\/p\u003e\u003cp\u003eUsing practical illustrations and extensive case studies, the book illustrates the key challenges facing accounting and audit professionals and identifies effective new ways to meet those challenges. Readers will discover how to use multiple sources of data and information to help them survive and thrive in the new accounting environment. \u003c\/p\u003e\u003cp\u003eFrom big data to blockchain, robotic process automation, and artificial intelligence, the book demonstrates how the finance profession must adapt to and incorporate new digital technologies in order to stay relevant and useful in a changed world. \u003c\/p\u003e\u003cp\u003ePerfect for finance leaders in public and private organizations, \u003ci\u003eAccounting Disrupted\u003c\/i\u003e will also earn a place in the libraries of accounting students who wish to better prepare themselves for the technological and professional challenges they’ll soon face. The book is an insightful treatment of the issues consuming and transforming the worlds of finance and accounting that will be of interest to everyone from mid-level managers to C-suite executives.   \u003c\/p\u003e\u003cp\u003e\u003cb\u003ePRAISE FOR ACCOUNTING DISRUPTED\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003e“Automated technologies are changing every area of business. Accounting is playing catch-up because financial reporting, costing, auditing, and information activities are all impacted. Finance professionals need to rethink how to benefit businesses that are digitally transforming. Rich with insights and examples, this book provides a very valuable roadmap for achieving this goal.”\u003cbr\u003e\u003cb\u003e—Srikant Datar\u003c\/b\u003e, Dean, Harvard Business School \u003c\/p\u003e\u003cp\u003e“Digitalization is disrupting everything, even accounting—Al’s book is required reading for all CFOs.”\u003cbr\u003e\u003cb\u003e—Sir Martin Sorrell\u003c\/b\u003e, Founder and Executive Chairman, S4 Capital plc \u003c\/p\u003e\u003cp\u003e“\u003ci\u003eAccounting Disrupted\u003c\/i\u003e will allow you to see the world of finance through new eyes. The convergence of new technologies is creating a new paradigm for the field—everything we thought we knew comes under question. Better learn the lessons from this book—fast!”\u003cbr\u003e\u003cb\u003e—Kamran Malik\u003c\/b\u003e, Partner, People Advisory Services, Ernst \u0026amp; Young \u003c\/p\u003e\u003cp\u003e“Innovation and agility are at the core of management decision-making today. Al’s book provides a holistic overview of what finance professionals need to know, not only to stay relevant but to lead the conversation.”\u003cbr\u003e\u003cb\u003e—Christopher Locke\u003c\/b\u003e, Business Lead GS Accelerate, Goldman Sachs \u003c\/p\u003e\u003cp\u003e“Few books have the power to shift a whole profession’s modus operandi. This is one of them. Not only is it timely, but it will transform financial management and accountancy.”\u003cbr\u003e\u003cb\u003e—Mthuli Ncube\u003c\/b\u003e, Minister of Finance and Economic Development, Republic of Zimbabwe; professor, University of Oxford \u003c\/p\u003e\u003cp\u003e“A fascinating read filled with eye-opening insights into the move to a digital world and how it is impacting and revolutionizing the way we think about accounting, the finance function, and financial management in general. This is a must-read for CFOs, other C-suite executives, and anyone working in the financial management domain.”\u003cbr\u003e\u003cb\u003e—Anthony Pember\u003c\/b\u003e, Managing Director, Grant Thornton Public Sector LLC\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988653719781,"sku":"NP9781119720065","price":34.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119720065.jpg?v=1761781130","url":"https:\/\/k12savings.com\/es\/products\/accounting-disrupted-isbn-9781119720065","provider":"K12savings","version":"1.0","type":"link"}