Next Generation Accountants

By: JR Accounting Compass  03-Apr-2012
Keywords: Superannuation, Bookkeeping, Accountant

For the first time in Australia, professional accounting bodies, practitioners and universities come together last week (7 February 2012) to discuss the challenges ahead for the next generation of accountants, at the third annual education forum in Adelaide hosted by the Institute of Chartered Accountants in Australia (the Institute) and the Centre for Accounting, Governance and Sustainability (CAGS) at the University of South Australia.

Chair of the forum and the Institute’s head of academic relations, Professor James Guthrie, says the event tackles the changing role, education pathways and future needs of professional accountants.

“How accountants gain their qualification and operate will be vastly different in 20 years from now.  Already there is rapid change in business and government areas, including globalisation, new technologies and social and environmental issues.  The forum examines how educators and those in practice will be impacted and how they need to change quickly to respond to these contemporary demands.”

As Prof. Guthrie explains, “The supply of accounting education is growing at a rapid rate, with organisations including vocational education and training providers, private higher education providers, public, private and corporate universities, and professional associations, and we see this as not only in but internationally and globally.  Meanwhile, the demand for qualified accountants is being driven by employers in professional service firms, corporations, not for profits and the government sector.

“Whichever pathway a student takes, it’s the quality of accounting education that must be upheld.  We need quality ‘work ready’ graduates coming into the profession that can meet the expectations of employers and society.  Possible strategies for how we do this will be explored during the forum.

“With 70 key stakeholders assembled from all facets of the accounting profession, the forum is a critical step in opening dialogue and facilitating ongoing collaboration, which is important for building a sustainable long term profession both in and globally,” says Prof. Guthrie.

Co-Chair of the forum and UniSA Professor Roger Burritt agrees, “We have to work together with the accounting community to ensure we keep the profession relevant and robust.”

All discussions and future strategies from the forum will be captured and developed into a new thought-leadership publication, Emerging paths for the next generation of accountants, by the Institute and CAGS, which will be launched at the Accounting Finance Association of Australia and New Zealand (AFAANZ) Conference in July 2012.

Keywords: Accountant, Asic, Australian Taxation Office, Bankruptcy, Bookkeeping, Business Activity Statement, Business Advice, Business Advisory, Cash Flow, Cash Flow Analysis, Chartered Accountant, Company Tax, Corporate Governance, Expert Liaison With The Ato, Fbt, Fringe Benefits Tax, Immigration, Income Tax, Indirect Tax, John Ridal, Joseph Lynch, Partnership, Payroll, Payroll Tax, Private Company, Professional, Public Accountant, Risk Management, Self Managed Super, Self-Managed Superannuation Fund, Sole Trader, Statuary Reports, Super, Superannuation, Tax, Tax Accountant, Tax Return, Trades, Tradesman, Tradesmen, Workers Compensation,

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