How accountant use drone technology

Drone Techbology relevant to accountant


How accountant use Drone technology to achieve their task depends on the sectors or schedule of activities. In addition, drones are unmanned aerial vehicles (UAVs) that can fly remotely.

The global drone market predicts to increase from $26.3 billion in 2021 to $41.3 billion by 2026. Also, in 2020, both US and the UK used drones to deliver drugs during the COVID-19 pandemic (Appelbaum et al., 2020).

Drone technology has proven helpful in war zones and intelligence gathering and also in a civilian role, such as:

  • Accounting and Auditing Profession,
  • Search And Rescue,
  • Traffic Monitoring,
  • Videography,
  • Surveillance,
  • Delivery Services,
  • Weather Monitoring,
  • Drone-Based Photography,
  • Firefighting, Agriculture,
  • Personal Use.
  • Land surveying

These Countries use of Drone Technology

 Countries that make use of drone technology and require permission for all aerial drones through regulation.

Moreover, the regulation addresses different types of civil drone operations and their respective levels of risk as stated by European Union Aviation Safety Agency

  • In Germany, there are limited zones outside protected areas with high urban density or people conglomerations.
  • Also, all EU Member States, including Norway and Liechtenstein.
  • Switzerland and Iceland are also expected to apply this regulation soon.
  • In United States for example, they used drone technology for their operation(Ovaska-Few, 2017).
  • In 2013, Poland passed a law allowing the commercial operation of drones, which led to the birth of Drone Powered Solutions.
  • South Africa that has entirely established drone regulations in place which was carefully integrated into existing aviation law.
  • Lastly, in Australia, Rio Tinto who has its facility in a remote area planned in 2016 to start using drone to monitor mine sites including the staff.

Companies that have used drone in their workplace and in others area of operations.

  • It was recorded that PwC completed its first stock count audit using drone technology. With the assistance of a drone, they were able to capture images at a coal reserve in South Wales and used them to measure the volume of the coal, based on the measurement of volume.
  • Amazon and Google are already testing ways to deliver packages with drones.
  • Facebook has started using drones to provide internet connections in remote locations.
  • Basin Electric’s utilization of drones has enhanced efficiency and safety while concurrently reducing costs.
  • Furthermore, Ford Motor Company filed a patent to start the use of drones for dead bateries. The patent was filed on 3rd February, 2017 and circulated on March 8th, 2022, and assigned serial number 11271420.

How Accountant Use Drone Technology to the Accounting Profession.

expert controlling drone technology.

Source: Naira Technology

With the help of drone technology, however, accountants can now complete their work in a shorter amount of time. Technological advancements have significantly changed the accounting and auditing profession in recent years.

In 2017, the emergence of drone technology has revolutionized the accounting and auditing profession. Drones have opened up new possibilities for accountants to perform their tasks more efficiently and effectively.

Emerging technologies like AI, blockchain, big data, the IOT, and drone technology have revolutionized accounting profession (Qasim et al., 21).

For example, accounting and audit firms that work with clients in mining and inventory can utilize drone technology to take thousands of pictures and measurements of a site (Ovaska-Few,2017).

Also, this can aid in accurate assessments of holdings, making tasks like physically measuring coal a thing of the past. An estimated volume can be obtained in less time with just a two-meter GPS Tracking pole.

What are the Benefits of Drone Technology to the Accounting and Audit profession.


These list below are the 18 benefits of how accountant use drone in the accounting and auditing profession.

  1. Revenue Recognition
  2. Perform physical inventory: Drone could recount inventory if required-data feed repeatedly into audit app that re-performs the process. Using drones to automate livestock inventory count reduced count time from 681 hours to 19 hours (Qasim et al., 21).
  3. Asset valuation and Verification: Visually inspect the asset for impairment, safety is not an issue.
  4. Time-efficiency and effectiveness: Drone devices help to improve and increase effectiveness and efficiency in the accounting and auditing profession.
  5. Accuracy: Produce accurate data that can be relevant for future forecast and planning. It depend on how accountant use drone technology to collect insight into the condition of assets. This is faster, cheaper, safer and more accurate than traditional methods (Johnson, 2022).
  6. Save Cost: Drones may save money for accounting clients, who can use them for stock takes, mapping, safety monitoring and to inspect bridges and building.
  7. Productivity: It can enhance productivity
  8. Also, Reduce the risk of injury: he benefit in health and safety as the need for someone to climb over the coal pile are removed.
  9. Speed: Helps speed up some business and accounting processes.
  10. Monitoring strategies . Help monitor staff, operation and some dangerous zone. For instance, drones can assist the firm or staff to take account area difficult to reach.
  11. Storage of Long-term data: Moreover, drone methods allow for storage of long-term data. This is useful to account for physical factors (like weather, light conditions and geomorphology of the beach) for more spatio-temporal analysis.
  12. Automate and accelerate repetitive accounting tasks (Qasim et al., 21).
  13. High Quality Data Acquisition
  14. Enhance Mobility
  15. Reduce Downtime
  16. It improves disaster Recovery situation
  17. Enhance Trend Analysis: It depends on how accountant use drone technology to conduct trend analysis.
  18. Lastly, Enhance Maintenance Standards

The technology produces massive amounts of data that require interpretation and translation into meaningful information for informed business decisions.

Also, as accountants keeping up to date with new technologies and understanding their potential to enhance efficiency and effectiveness is essential. Developing the necessary skills to interpret and present data will enable them to add value to their employers. Since the drones technology are control by expert . However, drones are prone to making mistakes just like any other technology, which is why one can exempt them from errors.

Source: Rewires

Furthermore, competent accountants who are conversant with latest technology, play a crucial role in helping companies thrive and maintain a competitive advantage. It is imperative that organizations have skilled accountants on their team to achieve these goals.

Implications of How Accountant use drone Technology to the Accountants and Auditors

  1. Be part of the at least 95% that will accept this new technology if they must prepare for the future.
  2. Develop a new skill that is all-encompassing for them to be relevant every time and drive the development of accounting profession.
  3. For companies to successfully transform, there will be a great demand for individuals with fundamental knowledge and expertise. For instance, such individuals must possess the necessary skills and understanding to support the company’s transformational goals.
  4. Also, become a consultant in the field to remain relevant and being in change of the world where we live by data.
  5. Become a strategic thinker.
  6. Apply professional judgement whenever is necessary and obtain a better results
  7. Establish Drone-focused department that enable accounting firms to handle all matter related to drone.
  8. Check the impact of drones on client’s business operations.
  9. Lastly, it is vital for every accountant or auditors to be familiar with the present drone regulations in their countries.


In this article, the writer examined how accountant use drone technology and to achieve their work on daily basis. Similarly, drones can improve the accuracy and efficiency of audits. However, how they can use it to collect data and perform inspections in hard-to-reach areas.

Consequently, the article highlighted the potential impact of commercial drones on the accounting profession, with predictions that this technology will revolutionize traditional accounting procedures (Ovaska-Few, 2017). Accounting professionals and academics need to recognize the significance of drone technology and patronize the suppliers as it is here to stay. In addion, the sooner we adapt to this technology and use it to their advantage, the better. Accountants and auditors are condition to embrace this new technology and see it as an improvement to their jobs instead of threat.

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Treasury Single Account

This shows various agencies of federal government that are stakeholder in the management of Treasury Single Account.

Treasury Single Account (TSA): This is defined as a unified structure of government bank accounts for MDA’s. TSA is a single account in the custody of the Central Bank of Nigeria (CBN). TSA is a bank account or a set of linked accounts through which the government transacts all its receipts and payments. Treasury Single Account is a concluding phase of the E-collection scheme. The Federal Government of Nigeria commenced the implementation of e-collection component of TSA in January 2015. The first Treasury Circular on e-Collection was issued on the 19th of March 2015.

E-collection automates and streamline revenues and other monies payable to MDAs as well as other Institutions and Parastatal directly into the Consolidated Revenue Fund (CRF) or designated accounts of each MDA at CBN using the CBN Payment Gateway.

This is one of the good initiatives of federal government of Nigeria that has help to bring about transparency and accountability. This initiative has given Nigeria government control over the management of fund in the hand of Ministries, Department and Agencies (MDAs).


  • Ensure total compliance with the relevant provisions of the 1999 Constitution of the Federal Republic of Nigeria (FRN) (Section 162 & 80).
  • Collect and remit all revenues due to the Federation Account and Federal Government Consolidated Revenue Fund.
  • Block all leakages in government revenue generation, collection and remittance
  • Enthrone a new regime of transparency and accountability in the management of government receipts.
  • Improve on availability of funds for development programs and projects.
  • Align with the CBN Cashless policy.
  • Ease the burden of revenue payers.


  1. Government have oversight of all revenue and other monies collected by MDAs

2. Increase Government receipt by blocking any form of leakages

3. Makes it easier for Nigerians to pay government through introduction of electronic channels like Cards, Internet Banking and POS.

4. Payment is received promptly, and service can be rendered to the payer

5. Ensure availability of funds for the execution of government policies, programmes and projects. Control aggregate cash flows within fiscal and monetary limits

6. Improve management of domestic borrowing programme

7. Investment of idle funds

8. Improves transparency and accountability of all FGN receipts

9. Consolidated view of government cash position and status


  1. Ministries, Departments & Agencies (MDAs);

2. Deposit Money Banks (DMBs);

3. Central Bank of Nigeria (CBN);

4. Service Providers.


  1. Provide payment gateway platform

2. Development of overall e-collection and e-payment policies for the nation

3. Interfacing with Deposit Money Banks (DMBs) and monitoring them

4. Creation and maintenance of bank accounts including CRF/TSA, FAAC and TSA Sub Accounts


Ensures that:

  1. Their duties under the subsisting Payment Gateway MOU are effectively discharged

2. Customers making payment to government are given prompt service

3. All collections in favour of government are promptly remitted

4. Operational and other relevant issues are logged with appropriate authorities (OAGF, CBN and REMITA) without delay


  1. Ensure that their revenue targets are met

2. Provide their payers with details of payment including amount and nature of payment

3. Guide payers on e-collection processes including how to pay at the bank or through other channels of the CBN Payment Gateway (Remita).

4. Where applicable, ensure that appropriate services are rendered upon confirmation of payment


  1. Ensure effective implementation of e-collection

2. Development of operational guidelines

3. Proper monitoring of the collection gateway

4. Prompt reconciliation of all collections

5. Support MDAs, banks and payers for smooth operation of e-collection

6. Regular monitoring of all collections to ensure that they are promptly remitted and accounted for

7. Issuance as well as continuous review and update of the e-Collection guidelines and processes

8. Abide by the provisions of the Memorandum of Understanding (MOU) with CBN, Service Provider and Banks

THE ROLE OF SERVICE PROVIDER ie Remitta, Interswtich etc

  1. Work with CBN, OAGF and other stakeholders to articulate system requirements

2. Provide a robust, stable and effective integrated processing platform

3. Ensure the optimal availability of all relevant systems and platforms

4. Provide effective and efficient support to users of the platform

5. Provide users with relevant reports

6. Training of users on the use of the payment gateway.


This is an electronic system of payment for all of government funds through the banks either commercial banks or CBN. The Federal Government of Nigeria commenced the implementation of Treasury Single Account (TSA) in April 2012, with the e-Payment component. E-payment covers the following transactions:

All payments to

  1. contracts and consultants.

2. service providers e.g. PHCN.

3. payment to staff.

4. payment to other government agencies e.g. National Health Insurance Scheme (NHIS), Federal Inland Revenue Service (FIRS), National Housing Fund (NHF).

Issuance as well as continuous review and update of the e-Collection guidelines and processes


These are some of the E-Payment benefits:

It eliminates the:

1. Unacceptable delay in payments

2. The uses of cheques in payment of all transactions within the Federation Government

3. Interaction between the contractor and government official in the payment of FG contracts

4. Ghost workers

For more information on Treasury Single Account, buy my book on


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FGN MDA Categorization for FGN TSA/e-Collection

Ogbonna, G,N & Ojeaburu, F (2015). The Impact of Government Integrated Financial Management Information System (GIFMIS) on Economic Development of Nigeria. West African Journal of Business and Management Sciences, 4(1). 313-336.

cite reference

Ojeaburu, F.(2021). Treasury Single Account.