Accounting with Drones - Sri Akshay - 23COMD60

Kumarasamy Dr.PK
Kumarasamy Dr.PKProfessor en KJC
Accounting with Drones - Sri Akshay - 23COMD60
Drones are revolutionizing
the field of accounting,
providing new
opportunities for efficiency
and accuracy. In this
presentation, we will
explore how drones are
being utilized in
accounting processes and
the benefits they offer.
ACCOUNTING WITH DRONES
ACCOUNTING IN INVENTORY
Drones are being used in inventory
management to conduct accurate
and timely stock counts. With their
ability to fly and capture high-
resolution images, drones can
quickly scan large warehouses,
reducing the time and effort
required for manual inventory
checks. This technology ensures
better inventory accuracy and
minimizes errors in accounting
records.
Drone-Assisted Audits
Drones are transforming the auditing process
by enabling auditors to gather data more
effectively. They can capture aerial footage of
physical assets, allowing auditors to assess
the condition and existence of assets
remotely. Drone-assisted audits improve the
accuracy and efficiency of audits, leading to
more reliable financial statements.
Cost-saving benefits
Incorporating drones in
accounting practices can
result in significant cost
savings. By automating tasks
such as inventory checks
and asset inspections,
businesses can reduce labor
costs and improve
productivity. Drones also
minimize the risk of human
error, ensuring more
accurate financial reporting.
Regulatory Considerations
While drones offer numerous advantages in
accounting, it is essential to consider the regulatory
aspects associated with their usage. Compliance with
aviation regulations and privacy laws is crucial to
ensure the ethical and legal use of drones in
accounting practices. By adhering to these
regulations, businesses can harness the full potential
of drones while maintaining integrity in financial
reporting.
PPT :- AZMAT(23comd11)
INFORMATION:-TALHA&ASHITH (23comd39 &
23comd10)
IMAGES:- SHASHANK(23comd68)
VOICE:- AKSHAY (23comd60)
DONE BY:-
1 de 7

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Accounting with Drones - Sri Akshay - 23COMD60

  • 2. Drones are revolutionizing the field of accounting, providing new opportunities for efficiency and accuracy. In this presentation, we will explore how drones are being utilized in accounting processes and the benefits they offer. ACCOUNTING WITH DRONES
  • 3. ACCOUNTING IN INVENTORY Drones are being used in inventory management to conduct accurate and timely stock counts. With their ability to fly and capture high- resolution images, drones can quickly scan large warehouses, reducing the time and effort required for manual inventory checks. This technology ensures better inventory accuracy and minimizes errors in accounting records.
  • 4. Drone-Assisted Audits Drones are transforming the auditing process by enabling auditors to gather data more effectively. They can capture aerial footage of physical assets, allowing auditors to assess the condition and existence of assets remotely. Drone-assisted audits improve the accuracy and efficiency of audits, leading to more reliable financial statements.
  • 5. Cost-saving benefits Incorporating drones in accounting practices can result in significant cost savings. By automating tasks such as inventory checks and asset inspections, businesses can reduce labor costs and improve productivity. Drones also minimize the risk of human error, ensuring more accurate financial reporting.
  • 6. Regulatory Considerations While drones offer numerous advantages in accounting, it is essential to consider the regulatory aspects associated with their usage. Compliance with aviation regulations and privacy laws is crucial to ensure the ethical and legal use of drones in accounting practices. By adhering to these regulations, businesses can harness the full potential of drones while maintaining integrity in financial reporting.
  • 7. PPT :- AZMAT(23comd11) INFORMATION:-TALHA&ASHITH (23comd39 & 23comd10) IMAGES:- SHASHANK(23comd68) VOICE:- AKSHAY (23comd60) DONE BY:-