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متابعة

What do you consider to be the biggest challenge facing the accounting profession today?

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تم إضافة السؤال من قبل Nawaf Bin Nafjan , ERP and EPM Manager , Saudi Tourism Authority
تاريخ النشر: 2013/09/03
Khalid Noor
من قبل Khalid Noor , Accounting Manager , FedEx

Following are the biggest challange facing by the accounting profession;

1. Keeping upto date on day to day changes in Accounting and Auditing standards (IFRSs and ISAs);

2. Accounting of Complex transactions like Derivatices, Fair Values, Valuations etc

3. Technical know how of advance technological applications for accounting purposes, like SAP, Oracle, Spreadsheets etc

Suhail Ahmed Khan
من قبل Suhail Ahmed Khan , Lead , IBM India Pvt Ltd

On practising Professional Acccountants have this challenges Ensuring Integrity, Honesty and convience clients to disclose correct Income and to be updated on Accounting Standard and GAAP 

 

ANTONY PIOUS
من قبل ANTONY PIOUS , Account Practicing , CHARTERED ACCOUNTANT

As far as i am concernd ,the response to the changing market accountancy professionals have to provide more management and consulting services, in addition to financial management. They have to assume a greater advisory role and develop more complex and flexible accounting systems. 

Mohammed Salim Allana
من قبل Mohammed Salim Allana , Compliance and Assurance Manager , United Arab Bank

First of all too many accounts professional (excess supply) reduce the demand of Accountants.

Complex (but not difficult) accounting principles of Treasury products like FX, derivatives, Options. etc.

Keeping update the latest amendments in the IAS and IFRS accounting standards

 

Abdul Mujeeb Mohamed Siddiq
من قبل Abdul Mujeeb Mohamed Siddiq , Analyst - Revenue Intra Group , Shell India Markets Private Limited

Major problem with the accounting profession are :

1)      Timely recover

 

2)      Local Tax issue 

Waqas Akhtar
من قبل Waqas Akhtar , Accountant , Working Folks Grammar Schooling System

The world is now become global village that brought the high competition among the business world and very sharply development in the computerize accounting system the profession of accountancy is now facing the biggest challenge is " the change in the shape of job description for example the accountancy professional have must advisory role being the monitor of economic activities of business.  

مستخدم محذوف‎
من قبل مستخدم محذوف‎

Timely realizing the Credit / Accounts Receivable (and maintaining Cash Inflow)  without losing the customer relations would be a tough task during the financial crisis period. 

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