The impact of technology on the desired skills of early career accountants

Document Type

Report

Publication Title

Business management research: Technology and accounting

Publisher

CPA Australia

School

School of Business and Law / Centre for Innovative Practice

RAS ID

46871

Comments

Jackson, D., Michelson, G., & Munir, R. (2020). The impact of technology on the desired skills of early career accountants – 2020. In Business management research: Technology and accounting (1-34), Edith Cowan University https://www.cpaaustralia.com.au/tools-and-resources/business-management/business-management-research

Abstract

The accounting profession has experienced significant technological change which has impacted on how accountants acquire, analyse and interpret data to inform organisational decision-making. Key trends in technology have meant that tasks traditionally performed by early career accountants are often automated. Accountants are now expected to have the expertise and skills to leverage technology to complete tasks and make decisions far earlier in their careers than before. This development invites not only a deeper understanding of professional knowledge and standards, but also a growing recognition of how technology can interact with, and potentially change, existing accounting knowledge and standards. In other words, technology should be seen as a dynamic rather than static factor in contemporary accounting work. This commissioned report responds to industry calls to determine the impact of technology on the required skill sets for the accounting profession to remain relevant (Deloitte, 2017).

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