Globalization, new economic challenges and rapid developments in information technologies has created great pressure for change in business environment. These developments have affected the nature of accounting accounting profession and the knowledge skills required of working on accounting profession. These knowledge and skills those are necessary to be successful in accounting profession can be classified as Communication Skills, Intellectual skills, Interpersonal skills, general knowledge, Organizational and Business Knowledge and Accounting Knowledge. But current accounting education system and skill levels of accountants doesn’t meet the requirements of business environment. To close the gap between acquired and required skills meet these skills and knowledge demanded by business environment, business world professionals and educators have advocated change in accounting education system and they have proposed several strategies
Globalization, new economic challenges and rapid developments in information technologies have created great pressure for change in the business environment. These developments have affected the nature of the accounting accounting profession and the knowledge skills required of working on the accounting profession. These knowledge and skills those are necessary to be successful in accounting profession can be classified as Communication Skills, Intellectual skills, Interpersonal skills, general knowledge, Organizational and Business Knowledge and Accounting Knowledge. But the current accounting education system and skill levels of accountants does not meet the requirements of the business environment. To close the gap between acquired and required skills meet these skills and knowledge demanded by the business environment, business world professionals and educators have advocated change in accounting education system and they have proposed several strategies
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