Generating an astounding $110.7 billion annually in domestic revenue alone [1], the world of accounting is one deceptively lacking automation of its most business-critical processes. While accounting tools do exist for the common person, especially when it is time to pay their taxes, such innovations scarcely exist for many larger industrial tasks. Exceedingly common business events, such as Business Combinations, are surprisingly manual tasks despite their $1.1 trillion valuation in 2020 [2]. This work presents the twin accounting solutions TurboGAAP and TurboIFRS: an unprecedented leap into these murky waters in an attempt to automate and streamline these gigantic accounting tasks once entrusted only to teams of experienced accountants.
A first-to-market approach to a trillion-dollar problem, TurboGAAP and TurboIFRS are the answers for years of demands from the accounting sector that established corporations have never solved.
Details
- TurboGAAP and TurboIFRS: Revolutionizing the Automation of Accounting
- Preston, Michael Ernest (Co-author)
- Capuano, Bailey (Co-author)
- Kuhler, Madison (Co-author)
- Chen, Yinong (Thesis director)
- Hunt, Neil (Committee member)
- Computer Science and Engineering Program (Contributor)
- Barrett, The Honors College (Contributor)