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

Now Studying: The Future of Accounting

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Core Training Activities

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

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

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

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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…

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He needs to undertake correct budgeting practices.
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By studying current trends, we can get an idea of what will happen next.
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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.
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  • Which of these predictions do you think will come true and which won’t ? Why?
  • What are your predictions for the future of accounting?
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