Accounting education, virtually static for decades, is now going through dynamic change prompted by several forces. An obvious external force is the complexity of the business world. Functional disciplines or specialties no longer work in isolation, but instead contribute to the business as part of a team.
Financial transactions are more sophisticated and creative.
Accounting and auditing standards are more numerous and require greater interpretative skills. Technology is also altering the way we work, learn and communicate. Students and employees must build skills which enable them to use technology to do their work, to manage information, to document and create processes, to research, and to communicate. The pace of technology is so fast that business and the classroom will no longer be able to accept what is current today as acceptable for the future. Expectations for academic and technical proficiency are now considered minimum criteria for entry into the accounting profession.