Educating The 21st Century Accountant
Accounting, as a profession, is as iconic of the middle class as it could be. Its making had all the classical elements of emergence of a profession: Granting of a monopoly of a practise to a set of people competent in a standard of practise who forswore to adhere to a code of conduct. Becoming an Accountant was a task that demanded commitment and competence, and being one meant a prospect of lifelong employment, respectable income and a middling rank in the society. Alongside Medicine, Teaching, and Engineering, Accounting has been one of the pillars that held the Middle Class economy. However, its very strengths may be turning into disadvantages at this point of time in the 21st century. The high stakes assessment that qualified the Accountants, like all high stakes assessments, focused minds and skills on mastering the system, rather than serving the wider world. The standards of practise evolved into rules, something that a programmed machine could do, at least for the most p...