A national seminar on “The Future of Accounting in Increasingly Complex Business Environment” was held in the Department of Commerce, Utkal University, in collaboration with the Indian Accounting Association on Sunday under the guidance of Vice-Chancellor Prof Sabita Acharya.
Nalco CMD Sridhar Patra said, “Since 1,000 years, accounting has been a value-added profession and it will continue for another 1,000 years. But the challenge in this digital era is the technological revolution and how to protect the businesses from the technological/cybercrime/errors. Be it Block Chain, BSE, NSE, Stock Market, Cloud Computing is developed on Artificial Intelligence (AI) and it may be the future of accounting. But do not allow AI to be more intelligent than you, because it is manmade and operated. Knowledge is most important not AI; you must have an appetite of learning; he urged. He also focused on the virtual decision making by learning this age which is led for growth in businesses.”
Prof Ranjan Kumar Bal, Vice-Chancellor, ASMB University and president of IAA, Bhubaneswar Branch, shared his last four decades’ expertise on the accounting field. “We have to navigate the complexities of the future of accounting as the change is the constant in recent time,” he said.
Prof Ashis Kumar Sana, a faculty from the Department of Commerce, University of Calcutta, lent his views on this topic.
A research cell on commerce was inaugurated on the occasion. A total of 86 research papers were presented by academics, industries and professional bodies.
Prof Sabita Acharya emphasised on interdisciplinary research and to devise a course based on the changing business environment.