Accounting Education Challenges in the New Millennium Era

Handoyo, Sofik; Anas, Syaiful

doi:10.24198/jaab.v2i1.20429

Cited by 26 publications

(15 citation statements)

References 9 publications

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“…Today's accounting graduates must have a very different education from that of their predecessors, especially in terms of acquiring necessary skills in using technology effectively and efficiently (Handoyo & Anas, 2019). To identify needed competencies for accounting professions, the AICPA, the leading professional organization for practicing certified public accountants, identified in several published reports, "a set of skills-based competencies students entering the accounting profession need, regardless of their chosen career path" (AICPA, 2018).…”

Section: Learning Objectives Competencies and Outcomesmentioning

confidence: 99%

Accounting Information System Courses: Developing a Hybrid Syllabus in the Era of Digitization

Kharbat¹,

Muqattash²

2020

IJDAR

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Technology is becoming a major pillar in many professions. It plays a critical role in developing and enhancing the quality and accuracy of tasks. Because the formal education system is the first place where future employees are educated, it is very important to ensure that educational institutions offer continuously updated technology-related courses that cover a wide range of new and emerging topics. This research has two objectives. First, it explores the validity of the claim that AIS education is of low quality in the Middle East, as stated in some studies. This is conducted through highlighting the status quo for AIS courses in Arab countries within the Middle East by focusing on a representative case study. This part of the work was conducted through a thorough exploration of the universities’ websites and by distributing and analyzing a survey for faculty members in a number of universities. Second, the research performs a deep analysis to develop new, up-to-date, aligned objectives, contents, resources, and assignments in order to create a new, comprehensive syllabus in the higher-education sector that will serve stakeholders from universities to accounting communities. The output of this research identified suitable learning objectives based on current literature and faculty responses. This was followed by designing new course content and assessment tools that are aligned with learner- and competency-centered approaches.

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Section: Learning Objectives Competencies and Outcomesmentioning

confidence: 99%

Accounting Information System Courses: Developing a Hybrid Syllabus in the Era of Digitization

Kharbat¹,

Muqattash²

2020

IJDAR

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“…To this end, the summary table linked to our holistic blockchain adoption frameworks contributes to prior literature by linking blockchain adoption aspects to auditing assertions, substantive procedures, tests of control systems, and challenges. Another key concern identified is the lack of skills and education of professionals (Pan and Seow, 2016; Handoyo and Anas, 2019; Williams, 2019) to conduct blockchain-based auditing – which is revisited in later sections.…”

Section: Literature Reviewmentioning

confidence: 99%

From the abacus to enterprise resource planning: is blockchain the next big accounting tool?

Jayasuriya

Sims²

2022

AAAJ

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PurposeThis study conducts a systematic review using 452 academic and industry articles from an initial set of 60,899 records obtained by 3 databases from 2012 to 2020. The authors compare and contrast blockchains with existing legacy systems. The authors identify existing regulation, accounting standards, guidelines and potential amendments in under-explored areas such as taxation, accounting treatment of crypto-assets/liabilities and detailed auditing procedures. The study aims to highlight the trends, differences and gaps between academic and industry literature. The authors provide a behavioral, social, cultural, organizational, regulatory, ethical, accountability and managerial perspectives of blockchain adoption in accounting. Finally, the study develops two adoption frameworks.Design/methodology/approachThe authors' study follows (Moher et al., 2009) and (Briner and Denyer, 2012) methodology to conduct the systematic review and the steps are mentioned below. The authors construct a final sample of 452 from a preliminary search of three multi-disciplinary databases from 2012 to 2020. First, the authors motivate the review and formulate the research questions. Second, the authors aggregate relevant literature from both industry and academia and implement quality assessments. Third, the authors analyze the literature and construct the final sample of articles. Fourth, the authors conducted textual analysis, keyword frequencies and identify gaps, trends and similarities between academic and industry literature and develop the authors' frameworksFindingsThe authors identify 3 (ABDC, B and A* ranked) journals as publishing top article numbers with the highest article count for 2017 with 96 articles in academia and 2019 for the industry with 21 articles. Second-highest publications for academia occur in 2018 with 77 followed by, whereas in the industry, publications occur in the year 2016 with 16 articles. Two co-authors appear most popular with 103 articles. Word clouds, a mind map and article theme counts are used to identify nine key research clusters: data management, financial applications, sustainability, accounting and auditing, business and industrial, education, governance, privacy/security and disruptive technology.Research limitations/implicationsSystematic reviews can have selection biases mainly due to search and selection criteria distortions when constructing the final sample of articles. The authors address selection bias by refining our search keyword combinations by using different permutations and using keywords from articles already collected. The authors employ three databases and review the reference list of articles collected to add more articles that may have been missed into our sample. In addition, to avoid inconsistent coding of domains/themes and interpretations, the authors carefully review our domain identifications and all our analysis twice independently using two research assistants to obtain the same conclusions.Practical implicationsThe authors' unique contributions include reviewing additional papers, differentiating between industry, academic articles, common trends and gaps in much scattered prior literature. The authors identify existing accounting standards, guidelines, limitations and possible amendments required in future for blockchain adoption in accounting in taxation, accounting treatment of crypto-assets/liabilities and detailed audit procedures. Blockchains are compared with legacy accounting technologies and two frameworks for adoption developed. The authors' results could impact the understanding of existing regulation, accounting standards, future amendments, areas requiring clarity and future collaborative research between academia and industry across multi-disciplines. Practical implications to academics, professional bodies, regulators and industry practitioners exist.Social implicationsThe authors' study identifies significant implications on organizations, environment, culture and society in general. The authors identify that social engagement projects may be easily initiated and implemented with decentralized accounting information systems. Transparency and efficiency would change organization culture, ways accountants and even employees interact with each other and community. Anonymity in blockchains can be used for criminal activities. Coding of negative social dynamics to smart contracts may persist. Transparency of personally identifiable information may place individuals at risk. Regulation and standards would need to identify equity, ethics in blockchains which notwithstanding energy consumption, and could enable environmental protection increasing societal sustainability.Originality/valueTo the authors' knowledge, this is the first study that compares academic and industry literature of 452 articles to identify gaps and similarities from 2012 to 2020 using three multi-disciplinary databases. The authors' study is the first study to in detail existing accounting standards, unclear areas, future amendments for International Financial Reporting Standards (IFRS) standards on taxation, financial reporting and all aspects of auditing procedures. The authors further categorize prior literature into these key areas and develop two frameworks (DAERPS and DAIS) that are linked to our review results and prior literature. The authors identify the impact of blockchain adoption on key stakeholders, regulation, society, culture, organization, accountability and ethics.

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“…Countries. In the past ten years, along with the fast-paced technical progress, there has been a universal resonance for the appeals of academic circle: accounting education should keep pace with the technical development [23][24][25][26] but teaching and curriculum development has not moved on at a visible speed [26]. Excel has gradually been the dominant and key technical field.…”

Section: Relevant Research In Othermentioning

confidence: 99%

Research on Students’ Satisfaction of Intelligent Learning Based on Text Mining Technology

Liu

Zhang

Wang

2022

Computational Intelligence and Neuroscience

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Recently, professionals have highlighted the need for students to have information technology and data analytic skills to be successful in the profession. To meet this demand, educators attempt to integrate technology into curricula. However, the satisfaction of students is of greater importance to evaluating curriculum quality than teaching. This study explores the perceptions that second-year undergraduate students (n = 51) enrolled in a Chinese University held about the teaching contents and teaching approaches of intelligent curriculum. Based on the data sample of the students’ summary text for curriculum learning, this study adopts TFIDF analysis, topic modeling, text sentiment analysis, and other text mining technologies so as to have a profound analysis on the students’ satisfaction. We find that: (1) the students have a higher satisfaction on the teaching contents involved in the financial sharing center compared to RPA financial robot; (2) students have a better adjustment to case analysis and flipped classroom compared to simulation training and classroom lecturing. Our findings and discussion should be of interest to leaders and teachers of business program seeking to integrate technology. We believe that this study’s results provide opportunities to have a further improvement of the teaching contents and optimization of teaching design to effectively improve the curriculum quality in order to achieve enhancement of students’ satisfaction.

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Accounting Education Challenges in the New Millennium Era

Cited by 26 publications

References 9 publications

Accounting Information System Courses: Developing a Hybrid Syllabus in the Era of Digitization

Accounting Information System Courses: Developing a Hybrid Syllabus in the Era of Digitization

From the abacus to enterprise resource planning: is blockchain the next big accounting tool?

Research on Students’ Satisfaction of Intelligent Learning Based on Text Mining Technology

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