preetham
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Hi, What do you consider to be the biggest challenge facing the accounting profession today?Can you give a description on that.
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veeru
answered
Keeping upto date on day to day changes in Accounting and Auditing standards (IFRSs and ISAs);
Accounting of Complex transactions like Derivatices, Fair Values, Valuations etc
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Shubhangi Jain
answered
Following are the biggest challange facing by the accounting profession;
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1. Keeping upto date on day to day changes in Accounting and Auditing standards (IFRSs and ISAs);
2. Accounting of Complex transactions like Derivatices, Fair Values, Valuations etc
3. Technical know how of advance technological applications for accounting purposes, like SAP, Oracle, Spreadsheets etc
