What will the accountant of the future need to be successful? A solid education that, although it is based on traditional accounting practices, also prepares future accountants for the plethora of changes occurring in the accounting universe. Often, most institutions responsible for training professionals fail to evolve as quickly as professional practice itself (Bedford et al. 4). In any case, accounting is expanding and for the future to have competent accountants, accounting education must also expand. Major changes occurring in the world of accounting include the expansion of services and products, changes in competition, an increase in specialization, and an increase and advancement of technology. It is up to academic institutions to find proactive ways in which to prepare students for such changes. The accounting education of the future will require greater breadth to cover the inevitable expansion of services and products, greater knowledge of economics, marketing, management and information systems to increase competitive advantage, a balanced course load that provides general accounting knowledge and a greater knowledge of a specialization, and also greater proactive attention to the use of ever-advancing accounting technologies (Bedford et al. 8). Also at play is the possibility of a change in accounting standards, the move from US GAAP to IFRS. While there is no certainty regarding the threat of such a change, students in the United States should acquire at least a general, basic understanding of IFRS practices. The future health of the accounting profession depends, in large part, on the health of our students (Gormon and Hargadon 4). The reorganization of study programs would certainly be difficult and presumably time-consuming, but nevertheless comprehensive
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