Industry 4.0: Employers Expectations of Accounting Graduates and its Implications on Teaching and Learning Practices

Abstract

Article History

Big Data Analytics Capabilities and Eco-Innovation: A Study of Energy Companies

“…Malaysia also, may be facing such a situation, as also found by other research [156]. In addition to a potential shortage of personnel, some of the personnel in Malaysian companies are skeptical of Industry 4.0 technologies which includes big data, suggesting possible resistance [157,158].…”

“…Data scientists and other Industry 4.0 ready personnel can be the resource that drives big data analytics capabilities of energy firms. Other research seems to support this perspective, particularly in the Malaysian context [156,158].…”

The Fourth Industrial Revolution in the Light of Social and Competence Changes

“…The role of the accountant with the registration of economic events, moves more towards a business partner for higher-level managers, who with their analysis will allow them to make optimal decisions (CIMA, 2019). Accounting graduates are expected to be knowledgeable in IT and programming skills (Ghani and Muhammad, 2019). Furthermore, as finance professional progresses through their career, the competency focus moves from pure technical skills to people and leadership skills (CIMA, 2019).…”

“…In their interviews, accounting experts highlight the need to define the requirements that are and will be met by finance and accounting employees. They also highlight the fact that the Fourth Revolution leads to a change in the characteristics of work in individual positions and to a change in the way and the teaching system (Ghani and Muhammad, 2019). If we look at Figure 3 again, we can see that activities identified with the work of an accountant such as Data collection or Data processing carry a high risk of future automation.…”

“…All these epochal changes, which make the process of technological change known as revolution, will also not bypass the financial sector, a sector in which graduates of majors such as finance, accounting and controlling will have to find their way into (Ghani and Muhammad, 2019). Access to a huge amount of real-time information will completely change the requirements of employees in accounting or accounting departments, as revolution changes the focus from obtaining a limited amount of information to making the most efficient use of unlimited information (Tiwari and Khan, 2020).…”