What and how does future technological innovation such as artificial intelligence and accounting software automation impact on accountant skills, ethics and career opportunities associated with various accountant designations in future?
Deliverable King’s Own Institute ACC700 Principles of Accounting Trimester 1, 2018 Group Assignment (20% in total) Group Formation A major component of ACC700 subject is the group assignment. All students in ACC700 have to form groups with members drawn from your lecture group. Groups can be a minimum of three (3) students and a maximum of four (4) students. If you are not currently in a group by week 7, please see your tutor urgently. Group Assignment Topic & Due Date Please read the following economist article that is attached at the end of this instruction paper: “The Future of Jobs The onrushing wave Previous technological innovation has always delivered more long-run employment, not less. But things can change” The Economist 18th January 2014. The article said that the accounting field in particular is highly susceptible to automation in the near future and implied that accounting jobs disappear because of future technological innovation such as automated computer software, artificial intelligence, etc. Each group is required to prepare report regarding: What and how does future technological innovation such as artificial intelligence and accounting software automation impact on accountant skills, ethics and career opportunities associated with various accountant designations in future? Your group will be assessed on three aspects of the assignment: · Final report of your group: 3,000 words plus or minus 20%, excluding Job Advertisements and Group Work Activity Report; · Group Work Activity Report including group meeting minutes: around 750 words plus or minus 20%, excluding group meeting minutes (5%); and · Group presentation based on group assignment: (5%). The final report with group work report is due by week 11. Final Report (10%) The final report of the group should use an appropriate business report format and should include: 1. A title page; include all group member full name and student number 2. A table of contents (Times new Roman 14 point); 3. Introduction (Times new Roman 12 point); 4. Appropriate topic headings (Times new Roman 14 point); 5. A detailed description on (Times new Roman 12 point): a. What your group have research about current and future technology, accountant skills and ethics and career opportunities for those who pursue accounting careers? b. What information has surprised your group ? c. The technology, the accountant skills, the ethics and the career opportunities your group have researched may reflect an Australian viewpoint. Choose a country that members of your group may have an interest in, or knowledge about. Briefly discuss what aspects of the technology, the accountant skills, the ethics the career opportunities would have to be considered and what changes/adaptations your group might need to make. d. What is your group opinion on the value of studying/taking accounting courses? 6. Conclusion or recommendation (Times new Roman 12 point); 7. Reference (Times new Roman 11 point); 8. Appendix a. At least 12 accounting job advertisements related to accountant or this assignment b. Group Work Activity Report where at least 3 Group Meeting Minutes should be attached. To identify current required accountant skills and current career opportunities associated with various accountant designations, 1. Find at least 12 accounting job advertisements advertised after 1st March 2018 from www.seek.com.au www.careerone.com.au r www.gumtree.com.au or other job advertisement WEB sites and analyse them in your final report. 2. Print the above job advertisements in KOI printing facilities that enable to identify the printing dates. 3. Attach the printed Job Advertisements as an appendix To identify the current ethics, please visit the following WEB site. http://www.cpaaustralia.com.au http://www.charteredaccountants.com.au Please read the following articles and documents for your assignments: Job Outlook ANZSCO codes Andon, P., Free, C. and Scard, B., 2015. Pathways to accountant fraud: Australian evidence and analysis. Accounting Research Journal, 28(1), pp.10-44. Cernusca, L. and Balaciu, D.E., 2015. The Perception of the Accounting Students on the Image of the Accountant and the Accounting Profession. Journal of Economics and Business Research, 21(1), pp.7-24. Drew, J., 2015. Keep Pace with Tech Changes. Journal of Accountancy, 220(4), p.20. Henry, B. and Hicks, M., 2015. A Survey of Perspectives on the Future of the Accounting Profession. The CPA Journal, 85(8), p.6. Murphy, G., 2015. A vision for the future: by using the most current technology and keeping their skills up to date, management accountants can enhance their careers and their organizations. Strategic Finance, 97(4), pp.62-64. Pan, G. and Seow, P.S., 2016. Preparing accounting graduates for digital revolution: A critical review of information technology competencies and skills development. Journal of Education for Business, pp.1-10. Sharpe, M., 2016. Investigating How Religiosity, Ethics, and Other Factors Relate to Future Accounting and Business Professionals' Views on Work-Life Balance. Ethics (January 22, 2016). Suddaby, R., Saxton, G.D. and Gunz, S., 2015. Twittering change: The institutional work of domain change in accounting expertise. Accounting, Organizations and Society, 45, pp.52-68. Traistaru, D.A., 2016. PERCEPTIONS CONCERNING PROFESSIONAL JUDGEMENT AND ETHICS IN THE EVOLUTION OF THE ACCOUNTING PROFESSION. European Journal of Business and Social Sciences, 4(10), pp.126-135. Walsh, J., 2014. The Role of Ethics in a Future Accounting Career. Welsh, D.T., Ordóñez, L.D., Snyder, D.G. and Christian, M.S., 2015. The slippery slope: How small ethical transgressions pave the way for larger future transgressions. Journal of Applied Psychology, 100(1), p.114. Final Report Rubric (10% in total) Unsatisfactory Satisfactory Effective Excellent Exceptional % Fail Pass Credit Distinction High Distinction Current required accountant skills and ethics and current career opportunities associated with various accountant designations No description provided A very basic description provided with no detail A good description that shows evidence of some thought and effort An excellent description that shows evidence of good thought and knowledge A creative description that engages the reader and shows evidence of excellent thoughts and knowledge 1.5 Future Technological Innovation: Strengths, Limitations and How new technology might be used in accounting field No list or discussion of strengths and limitations of the technology provided Brief list or discussion of strengths and limitations provided Full list or discussion of strengths and limitations provided, covering many aspects Detailed list of strengths and limitations provided together with good annotations or discussion Very detailed, well-written list of strengths and limitations provided together with excellent description or discussion 0.5 No examples or discussion provided of how the technology might be used in accounting field Brief list or discussion of examples provided of how the technology might be used in accounting filed Full list or discussion of examples provided of how the technology might be used in accounting field, covering many aspects Detailed list of examples provided of how the technology might be used in accounting field together with good description or discussion Very detailed, well-written examples provided of how the technology might be used in accounting field, plus suggestions of a range of innovative ways to use the technology 0.5 Future required accountant skills and ethics and future career opportunities associated with various accountant designations No discussion of future required accountant skills and ethics and career opportunities Brief discussion of future required accountant skills and ethics and career opportunities Full discussion of future required accountant skills and ethics and career opportunities, covering many aspects Detailed list of future required accountant skills and ethics and career opportunities together with good annotations or discussion Very detailed, well-written list of future required accountant skills and ethics and career opportunities together with excellent description or discussion 1 The technology, the accountant skills, the ethics and the career opportunities your group have researched may reflect an Australian viewpoint. Choose a country that members of your group may have an interest in, or knowledge about. Briefly discuss what aspects of the technology, the accountant skills, the ethics the career opportunities would have to be considered and what changes/adaptations your group might need to make No description provided A very basic description provided with no detail A good description that shows evidence of some thought and effort An excellent description that shows evidence of good thoughts and knowledge A creative description that engages the reader and shows evidence of excellent thoughts and knowledge 0.5 What is your group opinion on the value of studying/taking accounting courses? No description provided A very basic description provided with no detail A good description that shows evidence of some thought and effort An excellent description that shows evidence of good thoughts and knowledge A creative description that engages the reader and shows evidence of excellent thoughts and knowledge 0.5 Referencing No references provided, or many in-text and end-text reference errors References provided but many in-text and end-text reference errors References provided but some in-text or end-text errors References provided, only minor in-text or end-text reference errors In-text and end-text references cited correctly 0.5 Group Work Activity Report (5%) Each group will provide a group work report on how the group has worked together to produce the final report. It should not contain the main deliverable itself in the final report. Each group documents how members discuss, and division of responsibilities and describes how the individual efforts capitalised on strengths of each group member. It will be used as evidence of individual contributions in the group. It is therefore in each member’s interest to ensure that their contribution to the final report is complete. Each group is expected to have at least three group meetings for the group assignment. The minutes of group meetings should be documented and attached as appendix of this group work report, clearly indicating who was present, issues and actions, agreed timelines, and the like. The group work report must indicate that a fair and reasonable distribution of work amongst group members was achieved. Periodic information such as emails or diary entries must be inserted into the correct section in chronological order. If the submitted group work report suggests that not all contributions were of equivalent standard and effort, differential marks will be awarded to individuals within the same group. It must also document what individual group members understood as their allocated tasks, that individual group members submitted allocated work of acceptable standard and quality by the date that was agreed upon. Group Work Activity Report Rubric (5% in total) Criteria Unsatisfactory Satisfactory Effective Excellent Exceptional % Fail Pass Credit Distinction High Distinction Documentation Group Work Activity Report No meeting minutes Group Work Activity Report Less than 2 meeting minutes Group Work Activity Report; Less than 3 meeting minutes Group Work Activity Report; 3 meeting minutes; Group Work Activity