Discuss the nature of the changes that IT has brought about during the last five years within the accounting environment and identify the necessary skills (not exclusively IT related) required by graduates.

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'Information Technology has had considerable impact upon the working environment of accountants'. Discuss the nature of the changes that IT has brought about during the last five years within the accounting environment and identify the necessary skills (not exclusively IT related) required by graduates to prepare them to become members of the profession.

During the last five years, Information Technology has brought many negative and positive changes within the accounting environment. I points I will discuss is the sharing of information and intelligence, Accounting Information Systems (AIS), the size of the accounting firm and resources, which show both negative and positive points to Information Technology changing the accounting environment. Graduates need skills to prepare for the outside world to become members of the profession. The skills required for this are good communication skills, good A level and degree results, to be a team player, interest in financial and business affairs and numerate.
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The introduction of computers in the accounting environment allows accountants to share information and other accountant's knowledge through the Internet. This allows accountants to gain more intelligence from other accountants around the world. Every accountant in a firm can access an accounting database and accounting information which saves time, as less work needs to be carried out. Data can be entered into accounts more easily. The introduction of computers has created contact between teachers and the organisation of seminars and lectures. There is scope to develop the use of computer networks and bulletin notice boards into useful information ...

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