In recent years, Accounting has been strongly impacted by new technologies. That's because information technology combined with CAccounting, helps companies to remain in the market, streamlining processes and transforming information into a powerful business management tool, in addition to reducing efforts to comply with tax and tax obligations imposed by the government.
Currently, a change in the way in which people are related is what has made companies see opportunities, since every day the physical world has been more inserted into the digital world, providing the great experience of the metaverse. With the metaverse, many business and professional opportunities are expected to emerge, which has motivated large companies to invest in its consolidation. Microsoft is one of those companies, which created a platform called Mesh, to hold meetings in a virtual environment through holograms and 3D avatars. According to an article from BBC News, “Bloomberg Intelligence estimates that the market opportunity for the metaverse could reach US$ 800 billion (R$ 4.5 trillion) by 2024.
The question is whether there is space for Accounting in the virtual world. Experts on the subject have already come forward and answer that yes, Accounting has already reached the digital world. The new world of the metaverse was the subject of one of the lectures at the 27th São Paulo State Accounting Professionals Convention (Convecon), held by the São Paulo Regional Accounting Council (CRCSP). In the lecture “Corporate Metaverse: An Admirable New World”, according to Edgard Cornacchione, president of FIPECAFI - Foundation for Accounting, Actuarial and Financial Research, “The trends are clear, with effects on the agricultural, commercial, service and financial segments, especially in terms of personalization and empathy. For Accounting and Accountants, it is clear that the metaverse catalyzes digital transformation”.
The metaverse promises many benefits for society, but there is also speculation about the challenges it will bring to companies. And Accounting will continue to be the necessary support for those who are starting businesses in this new reality, as they will also need accounting and tax advice. The virtual world is not exempt from these issues and with so many expectations being processed in a new and unknown corporate world, the Accounting professional will be ready to assist entrepreneurs who need insights and tools for managing your business. Still at the 27th Convecon, Cornacchione stated that: “The most important skill for accountants, faced with the metaverse, is perhaps to be less technical and to have more capacity to critically evaluate this business model. A accounting you will need to take a position to provide assistance, advice and recognize resistance in this digital environment. It will be necessary to participate more critically in this context than simply recognizing transaction attributes”.
Increasingly widespread, the concept of the metaverse expands the possibilities of time and space. Although its construction is still in progress, anticipating actions so that your company is present in this future is important, it is ensuring that new experiences are experienced. Only time can answer whether the metaverse will be a successful tool, but it is already possible to see its impact on business areas and professions.
At this moment, much more useful than just observing trends, is knowing how to transform people's mentality so that they create companies capable of managing crises and revolutionary changes. Because good business exists in the real world, and consists of real people who see the opportunities brought by the metaverse, seeking the Accounting professional to add intelligence to their management process.
Contact TATICCA — ALLINIAL GLOBAL, which provides integrated auditing services, internal auditing, accounting, taxes, corporate finance, financial advisory, risk advisory, technology, business consulting and training, for more information, at www.taticca.com.br or e-mail taticca@taticca.com.br and learn more. Our company has certified methodologies for carrying out activities.
