Impact of fintech
In this lesson, you'll explore the major fintech innovations reshaping the accounting profession and learn how to apply them to your Business and Technology exam.
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In this lesson
- 0:00 Fintech Impact on Accounting and Exams
- 1:08 Cloud Computing Fundamentals
- 2:31 Cloud Computing Benefits and Advantages
- 4:27 Artificial Intelligence and Machine Learning
- 6:03 AI Applications in Accounting Practices
- 8:07 Which Functions AI Can and Cannot Perform
- 9:42 Big Data Characteristics and Features
- 12:40 Big Data Applications in Accounting
- 14:22 Big Data in Auditing and Risk Assessment
- 17:47 Blockchain and Distributed Ledger Technology
- 20:29 Blockchain Applications and Use Cases
- 21:21 Cyber Security Threats and Attack Methods
- 23:28 Implications of Cyber Attacks
- 24:51 Protecting IT Systems from Cyber Attacks
About this lesson
James Wright covers six critical areas: cloud computing and its advantages for remote work and data security; artificial intelligence's impact on routine tasks like bookkeeping, tax processing, and audit work; big data and analytics for improved reporting accuracy and fraud detection; blockchain and distributed ledgers for secure transaction recording; cyber security threats and their business implications; and practical IT system protections. You'll discover which accounting functions AI can automate and which require human expertise, understand how auditors use big data for enhanced risk assessment, and recognise common cyber attacks like phishing and distributed denial of service attacks. With worked examples and exam-style questions throughout, this 27-minute session equips you to confidently answer questions on fintech's transformative role in modern accounting practice.
Duration: 28m
Transcript
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