Adapting to New Technology in the Accounting Industry.

Autor: Lala, Zaina, Poole, V. Brooks, Kimmel, Sara B.
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Zdroj: Business Education Innovation Journal; Dec2021, Vol. 13 Issue 2, p37-42, 6p
Abstrakt: The accounting industry has recently seen changes related to common practices resulting from new technology entering the market. While many firms are eager to enhance their services through these new advancements, many are hesitant to adapt, anticipating challenges they will face such as increases in financial costs, the cost of retraining employees, and the potential need to hire new employees. As a result, accounting graduates will need to be knowledgeable of and practice with various accounting technologies, have a technology-based skill set, and have traditional accounting knowledge, in order to be valuable employees within firms. In preparation, educators must significantly revise their curricula to engage students with accounting technology, and thus produce proactive, skilled firm recruits. While presenting obstacles, the adaptation process results in improved efficiency, a better client experience, and the elimination of trivial accounting tasks, once relegated to the "new hires." [ABSTRACT FROM AUTHOR]
Databáze: Complementary Index