Accounting professionals, accounts institutes, colleges, universities, and consultants are demanding new standards and education in the accounting sector so that more and more young group gets attracted towards them.
According to the accounting education department of Australia’s consultant Heath Smith and pre-eminent product ‘Hype girl’, something is missing in the fundamentals of accounting.
Firstly, when this debate started, Ms Smith thought that this argument is just a waste of time. They fear that nowadays, due to technological advancements, robots are taking the work of men as an accountant, as this is the world of artificial intelligence and countless technology opportunities.
In another report, she also stated that the Australian students are getting tensed as there is a considerable hype in AI, and their jobs are in danger.
Now the question arises, what can be the scenario if accounts jobs get more interesting after some changes?
On the other hand, Ms Smith has a firm belief that this accounting education needs some alignment so that it gradually focuses on technology in an applied manner. Nowadays, also in spite of so much advancement in technology, accounts are taught in the same way at the tertiary level. It means the future accountants have to learn various things before getting into the workforce.
The director of For Prime Partners, James Carey, says that the work done by accounts graduates right now must be reflected at a tertiary level so that the young faces choose it as their career.
Furthermore, emotional intelligence and relationship-building need to engage in professional accounting courses, Mr Carey stated.
Business is that sector that needs accountants no matter how much technology gets advanced as there is a stable relationship between the two. Business owners can only trust accountants and can take advice for future progress, Mr Carey said.
He also stated that if the future accountants get extra-ordinary relationship skills, then not only their relationship gets strong and excel, they can talk to
clients. They can explain complex subjects in a small way, making them perfect for this job.
All the above comments from Ms Smith and Mr Carey are mainly from the side of universities, professional bodies, and from the employers.