Exploring the Impact of 4IR on Skills and Personal Qualities for Future Accountants: A Proposed Conceptual Framework for University Accounting Education

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29

Accounting; Business Administration Education; Technological Advancement; Job Skills; Soft Skills; Business Skills; Computer Literacy; Ethics; Individual Characteristics; Employment Potential

10.1080/09639284.2021.1938616

0963-9284

The fourth industrial revolution (4IR) presents many opportunities and challenges in a digitised world of work. This paper draws on a systematic literature review of recent research published by accounting professional bodies outlining the impact of digital technologies on the accounting profession. By taking advantage of this work this study critically assesses the types of skills and personal qualities that graduates as future accountants will need and explores the implications for accounting education and university curricula. The analysis reveals that necessary skills for future accountants may be summarised into four categories: (a) Ethical skills; (b) Digital skills; (c) Business skills; and (d) Soft skills. The analysis reveals 'adaptability' and 'lifelong approach to CPD' as the two essential personal qualities for future accountants. The practical implications for university accounting education are summarised in a proposed conceptual framework. The proposed conceptual framework: (1) acts as a roadmap for universities to align their accounting curricula with the developments in professional body syllabi; (2) helps university accounting education teachers to update, enrich, and refocus their teaching and learning approach to the requirements of the 4IR; and (3) promotes the coordination and rationalisation of the skills and personal qualities currently pursued by employability agendas at university, course, and module levels.

As Provided

2022

EJ1323125