How to prepare young finance & accounting professionals for digital revolution

• Main Authors: GOH, Clarence, PAN, Gary, YUEN, Chi Kwan
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2020
• Subjects: Accounting; accountants; education; automation; analytics; competencies; Higher Education; Technology and Innovation
• Online Access: https://ink.library.smu.edu.sg/soa_research/1878; https://ink.library.smu.edu.sg/context/soa_research/article/2905/viewcontent/20201201_futurecfo_news_how_prepare_young_fin_prof.pdf
• Institution: Singapore Management University

Automation will alter the work of accountants in the coming years. However, accountants will always have a central role to play in business. In order to continue to thrive, the profession will need to position itself to capitalise on the opportunities that automation will bring. This involves identifying areas of work which computers cannot automate, and to focus on deepening contributions in these areas. This calls for a radical transformation of accounting education in order to equip accounting graduates with relevant work skills that will allow students to navigate a future workplace where computers and technology are the norm.