Impact of technology on accounting and finance

Question 1

The 2016 Deloitte report identified …… technologies that modern finance functions must have on their radar.

Accepted Answer

seven

Question 2

Which of the following does not represent how an organisation can transform its finance function with technology?

Accepted Answer

recording business transactions manually in a presentable way

Question 3

Because technology can drive or disrupt finance function, businesses must be............to keep pace with it.

Accepted Answer

proactive

Question 4

Which of the following is an example of “exponential” technology according to the 2016 Deloitte report?

Accepted Answer

All of the above

Question 5

Which of the following ways can an organisation use to prepare for technological advancement in its finance function?

Accepted Answer

Technological innovation

Question 6

Which of the following is an example of “core modernisation” technology according to the 2016 Deloitte report?

Accepted Answer

All of the above

Question 7

Deloitte categorised the seven technologies into 2/two groups which are …………………………. or ……………………. .

Accepted Answer

core modernisation or exponentials

Question 8

Which of the following finance functions has the highest potential for automation given the trends in technology?

Accepted Answer

Data Processing

Question 9

Which of the following development(s) is/are likely to impact accounting and finance function in an organisation?

Accepted Answer

All of the above

Question 10

Which of the following is a positive impact of technology on accounting and finance function in an organisation?

Accepted Answer

All of the above

Questions 10