A proposed model to integrate drone technology in accounting for long term contracts: a cash flow management perspictive

The accounting profession is undergoing a significant transformation due to the impact of artificial intelligence, robotic process automation, and big data. One of the latest areas of research in this field is exploring the potential use of drones for accounting and auditing tasks. However, this study takes a different approach by proposing a theoretical framework that utilizes drones for cash flow management in long-term construction projects. The proposed framework suggests that drones can be utilized as a supplementary tool to remotely conduct project site inspections and monitor construction progress. The framework addresses the percentage of completion method for recognizing revenues from long-term contracts and highlights the benefits of using drones, such as improved data quality, cost and time efficiency, increased safety during site inspections, and overall effectiveness