Barriers to technology use in Accounting Education

Technology has taken part in every field of work. It is one of the biggest concerns of education in different departments and professions. Technology has made everything easier to access, but it has also made it more complex to understand the field. Besides the pros of technology, it has to cause a gap and barriers in many areas.

The old school era has difficulties in adapting to the new era changes and challenges. The simultaneous changes in education and the work field may ease these challenges. But the barriers are still not obliterated.

The accounting students' studies and the fields fresher have marked the challenges they face due to research and practical differences in the accounting field. It has become a big part of the dissertation of many accounting students. Accounting dissertation contain topics about the challenges, findings, strategies, and many other issues related to marketing and decision-making techniques for a business. It has also mattered about the problems and gaps between the study and practical implementations of theory in a real-time environment.

Accounting Education:

Accounting studies are based on the technique and methods to enhance business, implement strategies, recognize and rectifying problems in the industry. Mostly, the course depends on a theory of previous works and an example of different companies. In accounting education, programs focus on emphasizing the skills to understand business circles, mark as a business start-up, or rebuild an old industry. The old school style of the study believes in the human power of decision making by studying and understanding the different environment and the situation in a business.

The students mostly know the skills, which, for sure, help them to get a better concept of business problems. A skillful student can efficiently study and adapt to the business environment in different situations.

Skills to identify the strategies, finding gaps, making solutions to fill the gaps, creating better systems, and implementing them all over the business are usually discussed within an education program. The programs typically discuss these skills through previous studies and some examples of running companies. The programs also include an introduction to fundamental technologies.

Accounting in Practical world:

The technology is in many overpowering fields and working ethics. Somewhere it replacing human resource on other hand technology has become an alternative for big paper registers and whatnot. But these were the essential development of technology in the work environment. Now, IT has become a big part of the accountancy department. Many technologies are difficult to adapt to the old school era and newly graduated students. Some of the emerging technologies in the fields are:

Cloud Computing:

Accessing the information remotely and keeping data on an internet-based data storage helps the accountants to easily manage different regional and branch accounting details on a single platform.

Artificial Intelligence:

Accounting depends on complex problems and their solution. Through AI, technology helps accountants to resolve business issues and process complex and repetitive task with no hindrance. The technology does not only help in delivering the solutions quickly but also helps in getting cost-effective results.

Modern Tax Softwares:

There is much different software, which can manage the accounts and financial details of the company. Ether a single area office or a multiple branch business, Softwares can easily manage the minor details. The tax software helps in minimizing the errors and avoid penalties.

Mobile accounting

To connect accountants to the customer and provide a remote platform to both the accountant and clients, mobile accounting helps build an easy connection. Firms can manage business tasks through mobile while clients can learn about the products and services through a different dashboard.

Social Media

It has become a norm to manage different issues through social media platforms. Either to attract new customers or connect with potential clients, social media has become a part of modern business tactics.

My Verdict

The business's emerging technologies are easier to manage modern-day business needs, but it is difficult to adopt by the students and fresher. Since education focuses on necessary technologies and manual skills, working with complex software and taking the most advantages from the innovations becomes difficult because of the differences.  Education departments need to improvise the syllabus toward adopting design and emerging technologies.

Author bio: James Oakley is a Senior Writer at Research Prospect at Academic Research. He did his Ms in League Research & Writing Thesis and Dissertations from Brown University, Graduated in 2011. He helps students in their dissertation by providing services like literature review writing service and assists in essay writing. James is an open-minded person who loves to write on different topics on Education. Write suggestions and opinions for improving the education system.