Accounting trends in the modern world
Article Sidebar
Main Article Content
Abstract
The purpose of the article is to determine the current directions and future trends in the development of accounting. The conclusions made on the basis of research materials, surveys, reports of reputable international and professional accounting organizations. Synthesis and analysis reveal that some trends and drivers among analyzed will be more significant (such as globalization of business and the profession; spread of digital technologies; expectations of business and professional accountants) than others (such as regulation and governance) and will, in varying degrees, affect specific accounting roles, skills, knowledge. As a result of research, was determined that modern accounting professionals move from performing technical accounting functions (hard skills) to support the companies` management and play a significant role in improving the development of society. It is established that the main thing in the strategy of accounting companies` progress (both large and SMEs) and accounting specialists will be the development of the latest technologies, soft skills, professional flexibility. It is substantiated that the change of priorities will turn the challenges facing the accounting profession into its advantages.
Downloads
Article Details
1. Proposal of Policy for Free Access Periodics
Authors whom publish in this magazine should agree to the following terms:
a. Authors should keep the copyrights and grant to the magazine the right of the first publication, with the work simultaneously permitted under the Creative Commons Attribution-NonCommercial-ShareAlike 4.0 that allows the sharing of the work with recognition of the authorship of the work and initial publication in this magazine.
b. Authors should have authorization for assuming additional contracts separately, for non-exclusive distribution of the version of the work published in this magazine (e.g.: to publish in an institutional repository or as book chapter), with recognition of authorship and initial publication in this magazine.
c. Authors should have permission and should be stimulated to publish and to distribute its work online (e.g.: in institutional repositories or its personal page) to any point before or during the publishing process, since this can generate productive alterations, as well as increasing the impact and the citation of the published work (See The Effect of Free Access).
Proposal of Policy for Periodic that offer Postponed Free Access
Authors whom publish in this magazine should agree to the following terms:
a. Authors should keep the copyrights and grant to the magazine the right of the first publication, with the work simultaneously permitted under the Creative Commons Attribution-NonCommercial-ShareAlike 4.0 [SPECIFY TIME HERE] after the publication, allowing the sharing of the work with recognition of the authorship of the work and initial publication in this magazine.
b. Authors should have authorization for assuming additional contracts separately, for non-exclusive distribution of the version of the work published in this magazine (e.g.: to publish in institutional repository or as book chapter), with recognition of authorship and initial publication in this magazine.
c. Authors should have permission and should be stimulated to publish and to distribute its work online (e.g.: in institutional repositories or its personal page) to any point before or during the publishing process, since this can generate productive alterations, as well as increasing the impact and the citation of the published work (See The Effect of Free Access).
d. They allow some kind of open dissemination. Authors can disseminate their articles in open access, but with specific conditions imposed by the editor that are related to:
Version of the article that can be deposited in the repository:
Pre-print: before being reviewed by pairs.
Post-print: once reviewed by pairs, which can be:
The version of the author that has been accepted for publication.
The editor's version, that is, the article published in the magazine.
At which point the article can be made accessible in an open manner: before it is published in the magazine, immediately afterwards or if a period of seizure is required, which can range from six months to several years.
Where to leave open: on the author's personal web page, only departmental websites, the repository of the institution, the file of the research funding agency, among others.
References
ACCA (2016) Professional accountants – the future: Drivers of change and future skills. Available: <https://www.accaglobal.com/content/dam/members-beta/images /campaigns/pa-tf/pi-professional-accountants-the-future.pdf>. Access: 12 July 2020.
ARNOLD, P. J. (2009) Global financial crisis: The challenge to accounting research Accounting, Organizations and Society, v. 34, Issues 6–7, p. 803-809. DOI: https://doi.org/10.1016/j.aos.2009.04.004.
CARNEGIE, G. D.; NAPIER, C. J. (2010) Traditional accountants and business professionals: Portraying the accounting profession after Enron Accounting. Organizations and Society, v. 35, n. 3, p. 360-376. DOI: https://doi.org/10.1016/j.aos.2009.09.002.
CENTRE FOR ECONOMICS AND BUSINESS RESEARCH. IFAC (2015) Nexus 2: The Accountancy Profession – A Global Value Add. Available: <https://www.ifac.org/publications-resources/nexus-2-accountancy-profession-global-value-add-2>. Access: 20 July 2020.
DIACONU, P. (2007) Impact of Globalization on International Accounting Harmonization. Available: https://ssrn.com/abstract=958478. DOI: http://dx.doi.org/10.2139/ssrn.958478. Access: 03 August 2020.
IFAC (2018) IFAC global SMP survey: 2018 summary. Available: <https://www.ifac.org/system/files/publications/files/IFAC-Global-SMP-2018-SUMMARY.pdf>. Access: 27 July 2020.
INTERNATIONAL ACCOUNTING BULLETIN (2019) World Survey, n. 594. Available: . Access: 31 July 2020.
ISLAM, M. A. (2017) Future of Accounting Profession: Three Major Changes and Implications for Teaching and Research. Business Reporting, International Federation of Accountants (IFAC). Available: <https://www.ifac.org/global-knowledge-gateway/business-reporting/discussion /future-accounting-profession-three-major>. Access: 10 July 2020.
KHORUNZHAK, N.; BRUKHANSKYI, R.; IVANYSHYN, V. (2019) Logic-statistical information models in control function of Accounting. Independent Journal of Management & Production, v. 10, n. 7, p. 846-871. DOI: http://dx.doi.org/10.14807/ijmp.v10i7.906.
LITTLETON, A. C. (1928) Paciolo and Modern Accounting. The Accounting Review. v. 3, n. 2, p. 131-140. Published by: American Accounting Association. Available: <https://www.jstor.org/stable/239334>. Access: 26 July 2020.
NIXON, P. (2018) Soft skills and your future as an accountant. A Plus. Hong Kong Institute Of Certified Public Accountants. Available: <https://aplusmag.goodbarber.app/home-order/c/0/i/22601839/soft-skills-and-your-future-accountant>. Access: 22 July 2020.
ÖZDOĞAN, B. (2017) The Future of Accounting Profession in an Era of Start-Ups. Accounting and Corporate Reporting - Today and Tomorrow. DOI: 10.5772/intechopen.69264
SEMENYSHENA, N.; KHORUNZHAK, N.; SADOVSKA I. (2020) Evaluation of the adaptability of scientific theories for the development of Accounting Institute. Intellectual Economics. v. 14, n. 1, p. 113-129. DOI: https://doi.org/10.13165/IE-20-14-1-07.
SEMENYSHENA, N.; KHORUNZHAK, N.; ZADOROZHNYI, Z.-M. (2020) The institutionalization of Accounting: the impact of national standards on the development of economies. Independent Journal of Management & Production, v. 11, n. 8, p. 695-711. DOI: dx.doi.org/10.14807/ijmp.v11i8.1228.
VAN DER STEDE, W. A.; MALONE, R. (2010) Accounting trends in a borderless world. Chartered Institute of Management Accountants. Available: <https://www.cimaglobal.com/Documents/Thought_leadership_docs/Accounting Trends.pdf>. Access: 20 July 2020.
VILLIERS, R. D. (2010) The incorporation of soft skills into accounting curricula: preparing accounting graduates for their unpredictable futures. Meditari Accountancy Research, v. 18, n. 2, p. 1-22. DOI: https://doi.org/10.1108/10222529201000007.
WEI, H. Ch. (2008) Globalisation and Its Effects On Accountants. Asian Journal of Accounting Perspectives, v. 1, n. 1, p. 81-84. Available: <https://ajap.um.edu.my/article/view/3619>. Access: 07 August 2020.
WORLD ECONOMIC FORUM (2018) The Future of Jobs Report. Available: <http://www3.weforum.org/docs/WEF_Future_of_Jobs_2018.pdf>. Access: 30 June 2020.
WYATT A. R. (2004) Accounting Professionalism - They Just Don’t Get It! Accounting Horizons, v. 18, n. 1, p. 45-53. DOI: https://doi.org/10.2308/acch.2004.18.1.45.
ZHANG, Y.; XIONG, F.; XIE, Y.; FAN, X.; GU, H. (2020) The Impact of Artificial Intelligence and Blockchain on the Accounting Profession. IEEE Access, v. 8, p. 110461-110477. DOI: 10.1109/ACCESS.2020.3000505.