Blockchain, cryptoassets, and artificial intelligence protocols continue to change the roles of accounting and financial service professionals at a fundamental level. This book examines the impact and influence of these technologies in the financial sector. In particular, this second revised edition examines the impact of these technologies on megatrends such as ESG reporting, remote workforces, real-time reporting, and a shift to a virtual and digital world. It also provides insights on how automation of all kinds—highlighted by AI—are changing the ways in which financial transactions and other information are handled by accounting and finance professionals. Ranging from the implications of blockchains among various organizations, to the rise of cryptoassets for transactions and investing activities, the author provides grounded and action-oriented recommendations for financial practitioners.

Written in an accessible, conversational style that is unbiased and objective, and replaces jargon and technical details with real-world case examples and end-chapter reflection questions, this book presents professionals, as well as students, scholars, and policy makers, with the knowledge and action plans to integrate these ideas and tools into practice within accounting and finance organizations.