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Serious lag in accounting education

In line with reports that “thousands” of accounting graduates are under-qualified, one software firm believes that tertiary education for accountants is being taught on outdated technology systems, which is having a ripple effect into business mindsets and employability.

Professional Development Katarina Taurian 14 October 2016
— 1 minute read

Australian TAFE colleges and universities are, by and large, still teaching the students on desktop accounting systems, with very few providing adequate training on cloud-based technologies, according to Trent McLaren, senior BDM at Intuit.


“Then, in the real world, nobody uses that technology anymore. So they’ve been set up for failure from the get-go, and would be relying on the accounting firm they go into to be progressive and tech-savvy,” Mr McLaren told AccountantsDaily.

“It’s across the board in Australia,” he added. “Most of these younger people coming through are learning about [technology] from their peers, in forums, via blogs – but they’re not learning it from the education sector, not really.”

This potentially has a flow-on effect to the business mindset these graduates enter the workplace with, which is particularly problematic if they’re not engaging with-forward thinking firms, Mr McLaren suggested.

These comments follow a report from recruitment firm Hays, which said a significant chunk of graduates entering the accounting space lack the necessary skills to secure employment.

Being tech-savvy, in particular, was flagged as a requisite for success in an accounting graduate’s job search.


Serious lag in accounting education
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