Accountants adding value to business in the 21st century
21/2007 , p105..113
Author(s):
Roger ACTON
Keywords:
Accounting profession, change, complexity, financial reporting
Abstract:
The accounting and finance professional of the 21st Century will be faced with a number of new challenges and opportunities shaped by the forces of globalisation, changing demographics and significantly increased business complexity. In fact, throughout the world the profession has been changing rapidly over the past few years, and this has certainly been reflected in the ongoing evolution of the ACCA syllabus and indeed those of other professional accountancy bodies. My comments will not focus on any specific country. I will instead concentrate on a number of general points that will shape the accountancy profession at global level. I will also suggest that those accountants who are alive to this changing environment will be those who add most value to their businesses. In this paper, I propose to explore the general view that the coming together of fast-changing technologies, fragmented consumer tastes, long and multi-dimensional supply chains and increasing globalisation has created a business environment which is now more complex than ever before, and as a result, has higher risk.
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