VIRTUAL REALITY IN FINANCIAL REPORTING: ARE ACCOUNTANTS AN ENDANGERED SPECIES?
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F04274644%3A_____%2F19%3A%230000851" target="_blank" >RIV/04274644:_____/19:#0000851 - isvavai.cz</a>
Result on the web
<a href="https://www.mup.cz/data/files/2019-IFRS-conference-proceedings-v5.pdf" target="_blank" >https://www.mup.cz/data/files/2019-IFRS-conference-proceedings-v5.pdf</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
VIRTUAL REALITY IN FINANCIAL REPORTING: ARE ACCOUNTANTS AN ENDANGERED SPECIES?
Original language description
Careers in accounting can vary from entry level positions of bookkeepers up to the executive level of Chief Financial Officers. Disregarding different career paths, disruptive changes are inevitable for all of them due to advancement of technologies entering the world of accountancy and financial reporting. Enhanced computational power, big data, cloud computing, artificial intelligence and even social media hand in hand with rapidly changing business processes and their automation are clear signals for accountants reminding them of the necessity to take the future into their own hands and reskill and upskill themselves in order to stay competitive and in demand. The objective of this paper is to identify, analyse and critically evaluate new trends, changes and challenges for accounting professionals and accountancy per se. A global survey of 3,000 accountants complements the paper with selected research data offering valuable real-world insight into the landscape of the accounting profession as it is preparing itself for the coming decade. The changing role of accountants towards uniquely qualified strategic business consultants who understand important implications of data requires mastering additional set of skills ranging from critical thinking to advanced levels of judgement and informed decision making, IT literacy, data visualization, or project management. Therefore, the background of experiential learning is explained and it is suggested to design and implement experiential learning activities into tertiary education accounting courses.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50205 - Accounting
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2019
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
7th International Scientific Conference IFRS: Global Rules and Local Use - Beyond the Numbers
ISBN
9788087956960
ISSN
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e-ISSN
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Number of pages
11
Pages from-to
137-147
Publisher name
Metropolitan University Prague
Place of publication
Prague
Event location
Prague
Event date
Oct 10, 2019
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000649685400011