Principles of Accounting: What and how does future technological innovation impact on accountant skills, ethics and career opportunities associated with various accountant designations in future?

Group Assignment (20% in total)

Group Formation            

A major component of the ACC700 course is the group assignment. All students in ACC700 have to form groups with members drawn from your tutorial group. Groups can be a minimum of three (3) students and a maximum of four (4) students. If you are not currently in a group by week 4, please see your tutor urgently.

Group Assignment Topic & Due Date

Please read the following economist article that is attached at the end of this instruction paper: “The Future of Jobs  The onrushing wave  Previous technological innovation has always delivered more long-run employment, not less. But things can change” The Economist 18th January 2014.

The article said that the accounting field in particular is highly susceptible to automation in the near future and implied that accounting jobs disappear because of future technological innovation such as automated computer software, artificial intelligence, etc.

Each group is required to prepare report regarding:

What and how does future technological innovation impact on accountant skills, ethics and career opportunities  associated with various accountant designations in future?

Your group will be assessed on three aspects of the assignment:

• Final report of your group: 3,000 words plus or minus 20%, excluding Job Advertisements and Group Work Activity Report;
• Group Work Activity Report including group meeting minutes: around 750 words plus or minus 20%, excluding group meeting minutes (5%); and
• Group presentation based on group assignment: (5%).

The final report with group work report is due by week 11.

Final Report (10%)

The final report of the group should use an appropriate business report format and should include:

1. A title page; include all group member full name and student number
2. A table of contents (Times new Roman 14 point);
3. Introduction (Times new Roman 12 point);
4. Appropriate topic headings (Times new Roman 14 point);
5. A detailed description on (Times new Roman 12 point):
   1. What your group have research about current and future technology, accountant skills and ethics and career opportunities for  those who pursue accounting careers?
   2. What information has surprised your group ?
   3. The technology, the accountant skills, the ethics and the career opportunities your group have researched may reflect an Australian viewpoint.  Choose a country that members of your group may have an interest in, or knowledge about.   Briefly discuss what aspects of the technology, the accountant skills, the ethics the career opportunities would have to be considered and what changes/adaptations your group might need to make.
   4. What is your group opinion on the value of studying/taking accounting courses?
6. Conclusion or recommendation (Times new Roman 12 point);
7. Reference (Times new Roman 11 point);
8. Appendix
   1. Job Advertisements related to accountant or this assignment
   2. Group Work Activity Report where the group meeting minutes should be attached.

 

To identify current required accountant skills and current career opportunities  associated with various accountant designations,

 

1. Find at least 10 accounting job advertisements from www.seek.com.au  www.careerone.com.au  or www.gumtree.com.au and summary them in your final report.
2. Print the above job advertisements
3. Attach the printed Job Advertisements as an appendix

 

To identify the current  ethics, please visit the following WEB site.

http://www.cpaaustralia.com.au 

http://www.charteredaccountants.com.au

Please read the following articles and documents for your assignments:

 

Job Outlook

ANZSCO codes

 

Andon, P., Free, C. and Scard, B., 2015. Pathways to accountant fraud: Australian evidence and analysis. Accounting Research Journal, 28(1), pp.10-44.

Cernusca, L. and Balaciu, D.E., 2015. The Perception of the Accounting Students on the Image of the Accountant and the Accounting Profession. Journal of Economics and Business Research, 21(1), pp.7-24.

Drew, J., 2015. Keep Pace with Tech Changes. Journal of Accountancy, 220(4), p.20.

Henry, B. and Hicks, M., 2015. A Survey of Perspectives on the Future of the Accounting Profession. The CPA Journal, 85(8), p.6.

Murphy, G., 2015. A vision for the future: by using the most current technology and keeping their skills up to date, management accountants can enhance their careers and their organizations. Strategic Finance, 97(4), pp.62-64.

Pan, G. and Seow, P.S., 2016. Preparing accounting graduates for digital revolution: A critical review of information technology competencies and skills development. Journal of Education for Business, pp.1-10.

Sharpe, M., 2016. Investigating How Religiosity, Ethics, and Other Factors Relate to Future Accounting and Business Professionals’ Views on Work-Life Balance. Ethics (January 22, 2016).

Suddaby, R., Saxton, G.D. and Gunz, S., 2015. Twittering change: The institutional work of domain change in accounting expertise. Accounting, Organizations and Society, 45, pp.52-68.

Traistaru, D.A., 2016. PERCEPTIONS CONCERNING PROFESSIONAL JUDGEMENT AND ETHICS IN THE EVOLUTION OF THE ACCOUNTING PROFESSION. European Journal of Business and Social Sciences, 4(10), pp.126-135.

Walsh, J., 2014. The Role of Ethics in a Future Accounting Career.

Welsh, D.T., Ordóñez, L.D., Snyder, D.G. and Christian, M.S., 2015. The slippery slope: How small ethical transgressions pave the way for larger future transgressions. Journal of Applied Psychology, 100(1), p.114………..