2023-24 Update: The Year in Accountancy

by accountingcpd

The world of accountancy is constantly changing due to new technology, evolving market requirements, and regulatory changes. So, how can you keep up and adapt? This course reviews the key headlines, developments and trends of the past year, to help you understand the implications for the profession, and plan your response.

This course is not currently available

This course will enable you to

  • Navigate the key challenges facing accountants and the accounting profession.
  • Learn from high profiles case of failure and identify areas of potential risk.
  • Understand and adapt to the ever-changing economic landscape.
  • Identify opportunities and threats presented by current technological trends.
  • React to the key challenges facing the audit profession, including increased complexity and advances in AI.
  • Stay ahead of latest developments in intangibles, revenue recognition, financial instruments and sustainability.

About the course

The "why" and "how" of what accountants do are fundamentally affected by the technological landscape, evolving business environment, and regulatory changes. These factors come together to shape our profession. Whatever your role, it is critical that you understand these influences, and think through their consequences for you, your business or your clients’ businesses

This course reviews the key headlines, developments and trends of the past year, to help you understand the implications for the profession, and plan how to respond accordingly.

Look inside

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Contents

  • Challenges
    • Challenges this year
    • The productivity paradox
    • The true cost of redundancies
    • Property is an expensive asset
    • Pensions: a looming crisis
    • International tax reform
  • Failures
    • Preventing failures
    • Risk is all around us
    • A glitch in the system
    • Cash accounting
    • Everything is fine at KPMG
  • Economics
    • Where the year started
    • A global economic uptick
    • Growth, interest rates and inflation
    • Ongoing economic concerns
    • Looking ahead
  • Technology
    • Accountants and technology
    • Technological trends
    • The rise of generative AI
    • Big banking problems
    • The wild frontier of cryptocurrency
  • Audit
    • Key themes in audit
    • Complication over clarity?
    • Minimum standards for audit committees
    • PwC Australia: culture matters
  • Reporting
    • Key themes in reporting
    • Intangibles: a grey area
    • Revenue recognition rears its head
    • IPSAS 41: Financial Instruments
    • Picking up the pace with sustainability

How it works

Author

accountingcpd

This course has been written by the accountingcpd author team.

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This course is not currently available. To find out more, please get in touch.