Unit 15: The Future of Accounting

USA

This unit discusses the future of accounting. You will learn about: web-based technology, simplified compliance, market consolidation, additional services, and business success centers.

Did you know? The following activities can be customized as desired by the teacher or school pedagogue.

Basic activities (computer-graded)

Vocabulary Builder Activity

Students will learn the following key terms and phrases:

Reading Activity: The Future of Accounting

Students will be able to correctly answer true/false questions after reading and listening to topical short articles and dialogs featuring topical vocabulary.

Since man started conducting business almost 7000 years ago, there has been a need to record and track these transactions - from this need came accountancy. As business changes so, too, does accounting and prior methods are forced to change- so the question is: how will accounting change as we move into the future? There are many predictions on this topic, but in this article we have selected… Continue

Multiple Choice Activity

Students will be able to select the best match between unit terms and their definitions.

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Listening Comprehension Activity

Students will be able to listen to short audio clips in English and then spell them correctly.

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Spelling and Recognition

Students will be able to identify and spell a vocabulary term correctly given only the definition.

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Advanced activities (optionally teacher-graded)

Speaking Practice Activity

Students will be able to speak and record 5 example sentences from the unit vocabulary and then submit them for grading by the classroom teacher. If no teacher is available or desired, then the students will be shown good examples of other students' work.

He needs to undertake correct budgeting practices.

By studying current trends, we can get an idea of what will happen next.

The CFO didn't take the predicted rise in the price of fuel into account when budgeting for the year, so costs were higher than he expected.

Many companies struggle to stay afloat in the current economic crisis.

We can only speculate what accounting firms will look like in 200 years.

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Writing Practice Activity

Students will write a short essay to be graded by the teacher. If no teacher is available or desired, then the student is shown previous examples of other writings by students.

Which of these predictions do you think will come true and which won’t ? Why?

What are your predictions for the future of accounting?

How will the predictions in the article and your predictions affect your profession?

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