How Technology Will Change The CPA Job Essay - 1651 Words

Charles Duell, the director of the U.S Patent Office at the beginning of the 20th century prophesied, Every thing that can be invented has been invented. Looking back, one may remark about the ignorance of this statement, and laugh in the irony of how much has actually changed. However, while the laughter is going on a question in raised; is it possible that today’s businesses are believing what Duells said, ‘that there is nothing more to come?’ Today, companies have access to some of the most groundbreaking technology, but are they taking advantage of it? One field that has changed dramatically over the past few years is the accounting department, specifically the profession of a Certified Public Accountant (CPA). Are CPA’s staying†¦show more content†¦In the early 1980’s very few accounting classes were encouraged to have group projects or even make presentations, but just as technology is evolving and adapting, so is the accounting class room. Accounting courses are encouraged to implement some of the same standards and situations that are present in the CPA’s work life, into the curriculum, in attempts to make the accounting profession an even more competitive market. While the main objective used be a passing of the uniform CPA examination, now the objective is to have a â€Å"ready-to-go† accountant. A CPA, CMA, Partner for UHY LLP, Steve McCarty, believes in staying up to date with the advances his company, as well as the world, is making involving the technology that will be changing his profession. He is aware of constant changes and enjoys being on the cutting edge. When asked how technology has impacted his career, an enthused McCarty responded, â€Å"HUGE! When I started 15 years ago, I did not have a computer. We typed financials and prepared tax returns by hand. Technology has allowed for us to grow more efficiently, faster, and remain cutting edge. Technology has also created opportunities for our profession. Now we are hired to test client IT Systems and do walk through to help facilitate or audits† But while his response was extremely pro technology, other CPA’s seem to be in the dark on howShow MoreRelatedAccounting And The Accounting System1111 Words   |  5 Pagessummarizing, analyzing and reporting these transactions to oversight agencies and tax c ollection entities. Accounting is one of the main key function for any business. This paper talks about the history of accounting, the pros and cons of accounting, how to prepare for accounting field. Accounting can be dated to be over thousands of years old back to the ancient civilization. The development of accounting can be traced to the ancient Mesopotamia. It is also closely related to the writing, countingRead MoreThe Impact Of Technology On The Accounting Industry1221 Words   |  5 Pageswithout technology. Technology has made life easier and has enabled individuals to do extraordinary things that were not possible in the past. 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