The most important aspect of this class that I can use in my career is
most likely the analyzation of financial statements and how to build a
valuation model around it. Being able to interpret and analyze financial
statements is the most important aspect of the business field.
According to the article linked below, a new generation of accountants
have increased the size of the accounting field from its historical levels.
There is a renewed interest in the field of accounting because of the
emergence of environmental and social governance pushes within the
field. Schools are beginning to expand their course offerings for the
accounting field which is sparking interest among this generation. The
accounting field could see wide expansion and increased competition
in the coming years because of the influx of newly interested
candidates.
Knowing how to look at a company and see their health is something
the is important now and will continue to be in the future as I move
forward in my career. Taking a look at the future of accounting,
computers are going to be used a lot more regularly. This is something
that could help to speed up the process of valuation methods and
looking to see the financial health of companies because computers
can/will be able to do this process at a much faster rate than a human
can. People can then spend their time looking more into the more
complex aspects rather than the numbers than can be generated by a
computer. Overall, the accounting world as well as every ither industry
is going to be affected by computers in some sort of way and I believe
that it will be for the better.
di Sibio, C. (2021, December 20).
The Future of Accounting: How a
New Generation Can Tackle the World’s Biggest Challenges
.
BloombergTax. https://news.bloombergtax.com/tax-insights-and-
commentary/the-future-of-accounting-how-a-new-generation-can-
tackle-the-worlds-biggest-challenges
Link: https://www.sage.com/en-us/blog/three-emerging-
technologies-accounting-and-financial-management/
