👨💻 Big data in accounting. Big data analytics is expected to be used to identify trends, reduce errors, and provide deeper insights into financial performance. For instance, predictive analytics can help businesses forecast cash flow or market trends. Real-time financial data brings great opportunities to offer clients continuous insights into their financial health.
🔗 Cybersecurity as a top priority. With more financial data being stored in the cloud, robust cybersecurity measures remain a top priority to protect sensitive client information and maintain trust.
⌨️ Continuous learning and upskilling. Accounting certifications will include new areas of expertise related to technology, data analytics, and ESG reporting (among others).
🌲 Environmental, social, and governance (ESG) reporting. ESG reporting is expected to become an essential component of accounting services. In the EU, mandatory sustainability reporting with the Corporate Sustainability Reporting Directive (CSRD) is one of the biggest topics of the year, both in scope and actual implementation.
📗 Green accounting. Tracking of not only traditional financial metrics but also environmental and social impact will require integrating new frameworks and guidelines for ESG reporting, such as the Global Reporting Initiative (GRI) or the Sustainability Accounting Standards Board (SASB).
📊 Carbon footprint tracking. As accountants, we will probably be increasingly involved in calculating and reporting carbon footprints, helping organizations measure, offset, and reduce their environmental impact.
💼 Remote work. Hybrid and remote work are here to stay. Cloud-based solutions will continue to support the need for flexible working conditions and decentralized teams.
