There is a lot of discussion about the future of accounting and finance functions. COVID-19 has speeded up digitalisation processes. I think this trend will also affect accountants. Electronic documents transfer became already a reality even in small accounting firms. One of the bigger trend will be also the use of Artificial Intelligence and Machine Learning.

However, and this is what I want to stress firmly, accountants are not going to be replaced by AI. The reason for this is accounting has a great deal of discretion. Machine learning can suggest solutions, but there is still a need for an accountant to make a final decision. Nevertheless, a future accountant is not going to be a bookkeeper but rather a highly skilled and educated specialist and professional able to cooperate with AI and take advantage of machine learning to record transactions in such a way that it even better reflect in economic terms of reality.