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Case Scenarios: 1 ‘The Evolving Dimensions of The Accounting Profession andThe 21st Century Expectations’ (Jeremiah & Daferighe, 2019) The dimension of the accountancy profession is undergoing...

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Accounting

CaseScenarios: 1

‘The Evolving DimensionsofThe AccountingProfession andThe 21st CenturyExpectations’

(Jeremiah& Daferighe,2019)

The dimension ofthe accountancy profession is undergoing an increasingly expandingand unpunctuated global evolution. These 21st-century twists,however, tend to pose an identity threat to the profession. The much-celebrated softwaresubstitution of the traditional roles of the Accountant coupledwith the apparent professional cross-carpeting of non-accountantsaided by these emerging digital initiatives appears to ‘take-over'the seat of the Accountant. The following roles wereidentifiedfor thediscussion.

Evolving Dimensions

THE 21STCENTURY PERSPECTIVE

THE FUTUREIMPERATIVES

The Accountantas a Corporate Pathfinder

Embrace an enlarged strategicand commercial role

The Accountantas a Guardian of the Corporate Model

Develop a globalorientation

The Accountantas a Competent Communicator

Reinvent the talentpool

Task1: Explainminimum of ONEnewskill setrequired for amodern Accountant from the list above or from your own choice.

Answer & Explanation Solved by verified expert
3.6 Ratings (388 Votes)
The iidimension iiof iithe iiaccountancy iiprofession iiis iiundergoing iian iiincreasingly iiexpanding iiand iiunpunctuated iiglobal iievolution iiThese ii21stcentury iitwists iihowever iitend iito iipose iian iiidentity iithreat iito iithe iiprofession iiThe iimuchcelebrated iisoftware iisubstitution iiof iithe iitraditional iiroles iiof iithe iiAccountant iicoupled iiwith iithe iiapparent iiprofessional iicrosscarpeting iiof iinonaccountants iiaided iiby iithese iiemerging iidigital iiinitiatives iiappears iito iitakeover iithe iiseat iiof iithe iiAccountant iiThis iipaper iibegins iiwith iian iioverview iiof iithe iicrosscenturial iievolution iiof iithe iiaccounting iithought iito iidate iiIt iialso iireasserts iithe iiprofessional iidistinctiveness iiof iithe ii21stcentury iiAccountant iiby iiredefining iiand iimarking iiout iihis iistrategic iiessence iiin iithe iilight iiof iithe iipresent iiday iiexpectations iiWith iithe iicompendium iiof iiissues iiarticulated iiin iithis iipaper iiAccountants iiwould iibe iimore iiorientated iitowards iiobtaining iiand iimaintaining iia iimeaningful iidistinctive iiprofessional iiand iiglobal iirelevance iiin iithe iicoming iidays EVOLUTION iiOF iiACCOUNTING iiTHOUGHT iiAND iiPROFESSION old iipractice iithat iihas iibeen iiaround iisince iithe iiMesopotamia iiera iiIt iioccurred iiin ii iithe ii iiancient ii iitimes ii iiof ii iiBabylon ii iiAssyria ii iiand ii iiSumerian ii iiLee2012 ii iiThe ii iiChanging ii iirole ii iiof iiAccountants ii ii2011 iipo iiinted ii iiout ii iithat iithe iihistory iiof iiaccounts iidid ii iinot iibegin iifrom iithe iicolonial iiera ii iiof ii iithe ii iiBritish ii iiEmpire ii iineither ii iidid ii iiit ii iibegin ii iiin ii iithe ii iifourteenth ii iicentury ii iiItaly ii ii iiIt ii iiwas ii iialso ii iinoted ii iithat ii iifive iithousand ii iiyears ii iibefore ii iithe ii iiappearance ii iiof ii iidoubleentry ii iithe ii iiAssyrian ii iiChaldaeanBabylonian iiand iiSumerian iicivilizations iiwere iiflourishing iiin iithe iiMesopotamian iiValley iiproducing iisome iiof iithe iioldest iiknown iirecords iiof iicommerce iiHowever iithe iibearings iiof iiaccounting iihistory iiare iigenerally iialways ii iitaken ii iifrom ii ii1494 ii iiwhen ii iithe ii iiItalian ii iimonk ii iiLuca ii iiPacioli ii iipublished ii iihis ii iiSumma ii iide iiArithmetica ii iiGeometria ii iiProportioni ii iiet ii iiProportionalita ii iiwhich ii iienunciated ii iithe ii iidouble ii iientry iisystem ii iiof ii iibookkeeping ii iiSmith ii ii2011 ii iiPacioli ii iialso ii iiexplained ii iithe ii iiinterconnected ii iisystem ii iiof iicapital iiincome iiliability iiand iiexpenses iias iiwell iias iithe iiethics iiof iiaccounting ii Redefining iithe    See Answer
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