Financial accounting is described as the process of recording, summarizing, interpreting, and reporting monetary transactions and occasions of an organization. It has traditionally been considered a slow- paced enterprise. In the last decade, the swift and accelerated expanded increase and development of superior technology have permeated and disrupted nearly all the industries, most of the different sectors together with hospitality, logistics, finance, healthcare, transportation, meals etc. Accounting enterprise has additionally witnessed a profound effect on how the accounting enterprise operates. With the adoption of Enterprise Resource Planning (ERPs), the accounting structures saw dramatic changes. Similarly, accounting has wholly embraced the new superior technology coming year after year. These consist of robotics, synthetic intelligence, machine learning, block chain technology, cloud accounting etc. From automatic facts access to auto-era of stories of reports and tax workflow automation to streamlining of accounting statistics using cloud-based software, accounting facts and decision making have never been this correct and effective. By managing and dealing with the repetitive duties on their own, superior technology have freed up the personnel for focusing and performing the duties that require additional analysis, advisory and consultancy.