This website uses cookies to ensure you have the best experience. Learn more

The Changing Role Of Accountants In The 21st Century.

1151 words - 5 pages

A number of reports by academicians and practitioners all over the world have called significant change in the accounting methods and research and their relevance in the 21st century. Many believe that the accounting model is outdated with little relevance to the changes taken place in the wider world. Both the academicians and practitioners agree that if accounting is to serve a useful role in the changing environment, accounting education and accounting research should become more broader, dynamic and not constraint by a single approach. Despite these facts, the academicians and practitioners both stated that the accounting methods taught and practiced have changed significantly.The history of accounts does not begin from the colonial era of the British Empire neither does it begin in the fourteenth century Italy, accounts came from the Mesopotamian region in the 3500 B.C. Five thousand years before the appearance of double-entry, the Assyrian, Chaldaean-Babylonian and Summerain civilizations were flourishing in the Mesopotamian Valley, producing some of the oldest known records of commerce (ACAUS, 1999). As business prospered and industries developed, cities of Babylon and Ninerah became the center for commerce and the language of business and politics. Mesopotamia had more than one bank with a standard measurement in gold and silver. And in some transactions allowing some credit. The accountants in the Mesopotamian times had similar but more extensive duties than the accountants of today. Apart from writing up transactions, he ensured that the agreement complied with detailed code requirements for commercial transactions (ACAUS, 1999). The scribes would record the transaction on specially prepared clay not because clay was available in surplus but because paper also known as papyrus was very expensive and scarce.Between the years 2000 -256 B.C. ancient Egypt, China, Greece and Rome followed a similar accounting methods compared to the Mesopotamian. The use of paper was more than clay tablets as detailed records were made easily on paper. In these early ages, accountants had to be honest and accurate, because irregularities disclosed by audits were punishable by fines, mutilation or even death. Household expenses played an important role in ancient Rome as citizens were required to submit regular statements of assets and liabilities, used in the basis of taxation, and were recorded in an adversary or daybook and monthly posting to a cashbook known as codex accepti et expensi. Although such records were important ancient Egyptians, Chinese, Greek and Romans accounting never progressed beyond simple list making in its thousands of years of existence (ACAUS, 1999).Thousands of years after the fall of the Roman Empire, publication of Pacioli's Summa is widely viewed as the period of accounting stagnation and medieval practices outside Italy were often ignored (ACAUS, 1999). Medieval bookkeeping was localized and midpoint around specific...

Find Another Essay On The Changing Role of Accountants in the 21st Century.

Do Role-Playing Games Prepare Students for the 21st Century Workforce?

1823 words - 7 pages Introduction In an ever-changing world, where the economy and the job market are not what they were twenty years ago, continuing to teach our students the same skills we did twenty years ago is pointless. Times have changed and in order to prepare our children for the 21st century workforce we have to be committed to making the necessary changes to teach the skills they need for future jobs. Research shows that video games are one way that we

Changing Hats: Incorporating Transactional, Transformational and Complexivist Leadership Styles into 21st Century Classrooms

2970 words - 12 pages situations, ‘changing hats’ when the need arises. Leadership is complex. Transactional, transformational and complexity theories all offer different approaches to leading classrooms to be used in different situations. As our current education system is under constant criticism for not providing students with what they will need to know in the future, teachers need to enter 21st century classrooms with open minds and a variety of tools from which we

Challenges of Management in the 21st Century

876 words - 4 pages Challenges of management in the 21st century In the 21st century they consist of various barriers that prevent managers and leaders from achieving their goals and improving their organizations work. Managers constantly try tackle this issues that drive towards lowering productivity. Challenges of management include : • Technology • Ethics • Globalization • Competition • Diversity • PESTEL Technology. Keeping up with technology is

Uses of space in the 21st Century

1024 words - 4 pages realize that they wouldn't be able to watch TV or use a phone to ring up their mates if it wasn't for geo-stationary communication satellites, which travel around the Earth at the same speed as the planet, so they're always above a certain part of a country, to send phone messages and TV pictures. Satellites also help us preserve the environment in a lot ways, especially land survey satellites that take detailed photos which can be used to detect

Women in the 21st century

1079 words - 4 pages In October 2013, the United Nations Educational, Scientific, and Cultural Education, UNESCO, stated that millions of girls are still being denied an education. Why is it that women in the 21st century are still not given their basic human rights? The effects of oppression are seen in two very controversial short stories. In Charlotte Perkins Gilman's "The Yellow Wallpaper," and William Faulkner's "A Rose for Emily", alienation caused from the

Terrorism in the 21st Century

3458 words - 14 pages On September 11, 2001, the destruction of the World Trade Center and the Pentagon changed the mindset and the opinion of nearly every American on the one of the most vital issues in the 21st century: terrorism (Hoffman 2). Before one can begin to analyze how the United States should combat such a perverse method of political change, one must first begin to understand what terrorism is, where it is derived from, and why there is

Sexism in the 21st century

918 words - 4 pages generations of women have experinced. With that being said, can we say that sexism is a thing of the past? One of the main causes of perpetuating these sexist ideals in the 21st century is media. Women have moved from being the stay at home housewife that obeys everything her husband says to complete dehumanized sex objects. While we have gone a long way in terms of womens rights, media is doing the most damage to women. More specifically within

education in the 21st century

670 words - 3 pages education, particularly government and market pressure, and in turn, the impact of resulting institutional decisions in the matter such as program choices, tuition charges, and the conduct of research on outcomes of higher education for society at large. There are five issues that we can address by changing answers by the public, policy makers and highs education to central questions about the value, role and control of higher education: who pays for

Heroes in the 21st Century

1280 words - 5 pages editorial, as well as all armed forces, Scott Silverman, Captain Richard Phillips, Marc Buoiniconti, and Jasper Schuringa show that heroes do walk amongst us each and every day in the 21st century. As mentioned in Text 1, Lance Armstrong Syndrome: Do Heroes Exist?, “If we look deeply at ourselves we can find a little hope that heroes can exist, probably in every one of us, but not as a blanket rule or even as a perfectly high glossed figure devoid of

Parenting in the 21st Century

1981 words - 8 pages these decision making processes makes them to be very participative and thoughtful on the well being of the child’s education and thus prompts them to come up with more new compelling measures on how to improve education in this century. School resources to implement the plan Actually the school needs a lot to implement the involvement plan. Nevertheless, a close analysis of all what is needed in executing the plan is within the reach of

Podcasting in the 21st Century

1783 words - 7 pages Podcasting in the 21st CenturyNamed the "Word of the Year" by the New Oxford American Dictionary in 2005, podcasting has grown in popularity enormously in the last several years. Beginning back in 2000, podcasting has now become as accepted as radio or television. What started as a simple concept is now being used by the Prime Minister of Canada. There are literally thousands of topics one can discover with podcasts. From computers to movies

Similar Essays

Changing War: Analysis Of Wars In The 21st Century

1866 words - 7 pages War in the 21st Century is viewed differently as opposed to previous wars. The use of media forms such as television and radio has helped put the minds of Americans at ease as our country fights in battles. With the help of technology and restrictions on war such as banning the use of inhumane ways of defense, Americans view war a little more calmly than our ancestors hundreds of years ago. The advancement of technology has led to more

How Are Food Habits Changing In 21st Century

668 words - 3 pages . Introduction As the effect of Globalization and modernization, there is a drastic change in food habits of the 21st century generation. I choose this topic as the food habits are changing and are falling due to the influence of many factors such as media, trends, health and beauty conscious, part of career choosing and bulling (for teenagers). Being a teenager of this 21st century there is an exorbitant change in my food habit when compare to

Eminem: Rap's Bad Boy? Who Is A Modern Day Role Model For The Youth Of The 21st Century?

631 words - 3 pages Not all people are role models. Some people can bring a bad first impression from someone, and yet, still be looked up to. "I'm not alone in feeling the way I feel," Eminem says. "I believe that a lot of people can relate to my [music]--whether white, black, it doesn't matter. Everybody has been through some [hard times], whether it's drastic or not so drastic. Everybody gets to the point of 'I don't [care anymore]'" These are the words of the

The Old Image Of Elderly Person On Being One, Who Is In Firm, Stays At Home, And Leads A Thoroughly Depressing Life Is Rapidly Changing As An Image Of The 21st Century

842 words - 3 pages Gray MarketThe old image of elderly person on being one, who is in firm, stays at home, and leads a thoroughly depressing life is rapidly changing as an image of the 21st century. As our population ages and people are living longer and healthier lives, the game is rapidly changing. The newer and more accurate image of an older person who is active, interested in what life has to offer, and is enthusiastic consumer with the means and willingness