The Future of the Accounting Degree

Abstract

Many insolvencies and bankruptcy cases, especially, among countries that are economically and financially dependent on others, were reported in newspapers and scientific journals, but the list of reasons and risks are truly a failure to treat the underlying cause of these cases. Without no doubt that the accounting information system applied in a firm generates reports that identifies quickly all the data, then the relevant information, produced by this system, allows to appropriately prevent this situation. A comprehensive overview of these tendencies, all over the world, will promote the most important competencies to help accountant professionals to become leaders and guide their firms to reach their personal and organizational goals, such as: strategy, planning, performance, reporting, control, technology and analytics, business operations, professional ethics and values. Since the pioneering guidelines of the International Accounting Education Standards Board (IAESB) that published the International Education Standards (IES) for their professional development and in order to the higher education student careers and their businesses be more ethically and sustainably developed. Methodologically, this research focuses, on the one hand, in the literature review to contextualize the accounting degree, in general, and, the competency framework for professionals in the digital age. On the other hand, it promotes the investigation of the new approach to advancing accountancy education at the national level. The research is supported by the international accounting standards and, also, the information and communications technology skills and professional scepticism proficiency grow across legal, financial, economic and social jurisdictions. In the future of the accounting degree, the results of this research evaluate the impact to provide education to accounting students and training to accounting professionals to correctly perform reports for rapid diagnosis of dramatic economical and financial situations. The novelty is that the graduate in accounting will be self-critical for each day activities, politics and strategies, especially when they prepare statistical systems in large scale with new sources and legal databases to diagnose problems earlier and then propose solutions.