POLYTECHNIC UNIVERSITY OF THE PHILIPPINES

Impact of Automation on the Accounting Profession in Metro Manila

Survey Questionnaire

Greetings!

This questionnaire was designed to gather data on the study entitled, “The
Impact of Automation on the Accounting Profession in Metro Manila.”

We are 4th year Bachelor of Science in Accountancy students from

Polytechnic University of the Philippines - Sta. Mesa, Manila and we would like to
request your time and cooperation in accomplishing the attached questionnaire.

Your cooperation will surely provide the needed information regarding the
impact of automation in terms of job stability, efficiency, effectiveness, expertise
requirement, data management, consistency, and error reduction. Likewise, your
response will contribute to the success of our study.

We would really appreciate it if you could spend approximately 10 minutes

of your valuable time answering the questionnaire. Your valuable information will
provide us with a deeper insight into the study topic. Participation in this research
is completely voluntary.

Rest assured that your personal information and responses will be treated
with the utmost confidentiality and shall only be used for purposes that are ethical
and in accordance with Republic Act 10173 or the Data Privacy Act of 2012.
Thank you very much!

I understand that my personal information is protected by RA 10173, Data

Privacy Act of 2012 and that I am required to provide truthful information.

[ ] Yes, I agree and give consent. Proceed to answer the survey form.
[ ] No, I do not agree and I do not give consent. Decline to answer.
 POLYTECHNIC UNIVERSITY OF THE PHILIPPINES

PART I. PROFILE OF RESPONDENTS

1.1. Name (Optional)

_____________________

1.2. Sex
[ ] Male
[ ] Female

1.3. Age
[ ] 25 years old and below
[ ] 26 - 35 years old
[ ] 36 - 45 years old
[ ] 46 years old and above

1.4. Years of Working Experience as an Accountant

[ ] Below 6 years
[ ] 6 to 10 years
[ ] 11 to 15 years
[ ] 16 years and above

1.5. Name of Institution (For Example: Name of Company, School of

Government Agency)
_____________________

1.6. Location of Workplace (Dropdown)

[ ] Caloocan [ ] Pasig [ ] Pasay
[ ] Malabon [ ] Taguig [ ] Parañaque
[ ] Navotas [ ] Makati [ ] Las Piñas
[ ] Valenzuela [ ] Manila [ ] Muntinlupa
[ ] Quezon City [ ] Mandaluyong [ ] Pateros
[ ] Marikina [ ] San Juan

1.7. Job Position

[ ] Top Level Management
[ ] Middle Level Management
[ ] Rank and File
[ ] Accounting Teacher

1.8. Sector or Industry

[ ] Public Practice
[ ] Education
[ ] Government
[ ] Commerce and Industry

1.9. Number of Automation-related training attended

[ ] None
[ ] 3 and below
[ ] 4 to 6
[ ] 7 to 9
[ ] 10 and above
 POLYTECHNIC UNIVERSITY OF THE PHILIPPINES

PART II. PARTICIPANT’S RESPONSES

Level of Awareness on the Use of Automation in Accounting Profession

1. How familiar are you with the term “Automation”?

1 2 3 4 5
Not at all familiar Very Familiar

2. Are you aware of the concept and discussions about the use of automation
in the accounting profession?
[ ] Yes
[ ] No

3. If yes, how did you hear about Automation?

[ ] Automation is currently being used at my work
[ ] Personal research or study
[ ] Taught in school
[ ] From mass media
[ ] From social media
[ ] Others: ___________
[ ] No, I am not aware of the concept of Automation in accounting

4. In your own opinion, has there been a remarkable improvement in

accounting operations as a result of automation?
[ ] Yes
[ ] No

5. With the development of automation, how do you think it will affect the
accounting industry based on your professional field or working
environment?
1 2 3 4 5
Very Low Very High
 POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
Impact of Automation in terms of the following aspects:

Instruction: On a scale of 5 to 1, please select the best that corresponds to your answer.

LIKERT SCALE NUMERICAL INTERPRETATION

5 Strongly Agree
4 Agree
3 Neutral
2 Disagree
1 Strongly Disagree

Aspects of Automation
A. Job Stability 1 2 3 4 5
The introduction of automation is a threat to the
1 employment of professionals in the accounting
sector.
The implementation of automation improves the
2 overall business operations, which will increase
the rate of employment.
New roles in the accounting industry will
3 develop as a result of the application of
automation.
In the near future, automation will likely replace
4
accountants.
Automation will strengthen the accounting
5
workforce rather than replace it.
The accounting profession may grow and
6 evolve, but with that development comes the
risk of being replaced by automation.
The use of automation can result in the
7
termination of the overall accounting profession.
There are societal issues around fewer
opportunities for accountancy that they are
8
feeling less useful (existential risk) because of
the emergence of automation.
Employment in the accounting profession would
result in the strategic hiring of experienced
professionals that would handle specified
9
accounting roles such as data interpretation and
analysis, leaving the tedious tasks for
automation.
Accounting professionals will face
10 underemployment when advanced automation
emerges in the accounting industry.

B. Efficiency and Effectiveness 1 2 3 4 5

The efficiency of accounting operations and
1 productivity is significantly increased with the
use of automation.
Automation will reduce the time accountants
2 spend on repetitive tasks, improving the way
accountants carry out their work.
Accountants improve their performance by
3
collaborating closely with automation solutions.
Accounting professionals have more time to
focus on important and pertinent work since
4
automation processes jobs that may have been
done manually.
 POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
Accounting processes that need extreme speed
5 and accuracy are completed due to the usage of
automation.
Automation can quickly process massive
amounts of data, saving time and allowing
6
decision-makers to focus on other important
concerns.
With automation, it can perform many of the
7
traditional accounting tasks more effectively.
Possible instances of technical issues with the
8 implemented automation can severely affect the
efficiency of accounting processes.
A higher level of advancement in the
9 implemented automation system achieves
higher efficiency than outdated systems
Automation helps accounting professionals in
10 producing better quality information that can
improve decisions to be made.

C. Expertise Requirement 1 2 3 4 5
With the implementation of automation,
1 accountants will need to develop new skills in
order to adapt to new automation trends.
In order to take advantage of these technologies
in their work, accountants must concentrate on
2
enhancing and increasing their understanding of
automation.
Due to the impact of automation on the
accounting profession, there is a real need for
3
accounting curriculums in universities to include
appropriate information technology skills.
Professionals must possess the abilities to
evaluate, comprehend, and draw attention to
4 data as well as the ability to recognize the
information that managers want and
communicate it effectively.
If accounting practitioners lack the requisite
5 technological expertise, accountants may find it
difficult to get employment in the near future.
Due to management's initiative to invest in
training programs connected to automation,
6
accounting professionals can quickly adapt to
the application of automation.
Working with automation, accountants would be
7 collaborators of technology rather than passive
users of the software.
Companies that have implemented automation
in their accounting process would have altered
8
the job descriptions of accountants working in
their firm.
Automation can result in accountants’ solely
showcasing their strategic competencies and
9
business know-how, providing human aspects
amidst the automated accounting processes.
Accounting professions will continue to have
10 higher expertise requirements as the technology
develops further in automation.
 POLYTECHNIC UNIVERSITY OF THE PHILIPPINES

D. Data Management 1 2 3 4 5
Automation makes it possible to store important
1 documents and information effectively and
rapidly.
Information is safely stored with the assistance
2
of automation to prevent manipulation.
Automation strengthens the security and
3
confidentiality of information.
Automation has made it possible to have a risk
4
of cyberattacks on accounting sectors.
Automation can identify security threats by
5 helping spotting data entry errors and
automatically matching data.
Having accountants mainly handle financial
6 information provides a lower risk of leaking
confidential financial information.
The use of automation allows accountants to
7 access several software-stored data, which
enables them to work remotely.
Automation centralizes data within a system that
8
can reduce data redundancy
Automation reduces the time spent transferring
9 accounting information from one location to
another.

E. Consistency and Error Reduction 1 2 3 4 5

Automation reduces the risk of committing
1
human errors in financial statements.
While accounting errors may go unnoticed in a
traditional bookkeeping setting, automation can
2
automatically detect problems and ensure that
the books are always accurate.
Automation is free from biases, fatigue, and
stress, which reduces the possibility of
3
significant misstatements caused by human
error.
The ability of automation to be designed to carry
4 out particular tasks increases uniformity in the
handling of financial data.
Automation provides a set of controls to ensure
5 the accuracy and integrity of data processing,
resulting in more consistent results.
Automation ensures the same accounting
method is followed annually, allowing improved
6
decision-making and enhancing the
comparability of financial performance.
The application of automation raises the level of
confidence in financial statements that have
7
been created that are free of significant biases
and errors.
Companies prefer automated or electric
invoices and digital processes because they are
8
more reliable and freer of errors than those
manual processes.
Automation is able to form forecasts as it uses
past and present financial information that is
9 consistent with the company, which provides for
an objective analysis allowing the company to
better anticipate possible future ventures.
 POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
Automation can be applied to financial
10 information and transactions with complexity in
nature.