Technology is changing the way accountants work
Traditionally, accounting courses focused on giving students the knowledge to provide accounting services – e.g. money management, financial recording, reporting, tax and auditing. While the need to know the theory and practice of accounting hasn’t changed, the world in which they work has. Accountants are now much more than number crunchers. Technology has taken the hard work out of manual accounting, and changed the profession into a much more dynamic industry that is rapidly evolving into an essential part of cross-functional business teams.
Employers are increasingly recognising the need for graduates to understand new and emerging technologies, including block chain, XBRL, robotics, cloud computing, data analytics and cyber security.
So – are universities doing enough to prepare the next generation of accountants for the changing role and expectations, and what exactly do they need to know to succeed?