Predicting the development trend of the accounting profession in the future

The 4.0 technology revolution is both an opportunity and a challenge for the accounting and auditing industry. The emergence of artificial intelligence (AI), Internet of Things (IoT), cloud computing, big data, blockchain technology, etc. requires changes in the thinking and working style of accountants.

Traditional accounting requires accountants to spend a lot of time processing documents, recording data in accounting books and preparing financial reports. Accounting data is not updated in real time, which greatly affects the decision making of managers.

However, the achievements of the current 4.0 technology era have changed both the quality and quantity of the accounting profession.

Automate accounting processes

With electronic invoice software, accountants can easily check the legality and validity of documents. Data from electronic invoices is automatically transferred to accounting software without the need for accountants to perform manual input as before. This helps accountants save time and ensure data accuracy.

The Center for Finance - Banking - Accounting - Auditing Practice is a place that helps Dai Nam University students access modern accounting software right on their school benches.

Artificial intelligence helps accountants handle repetitive tasks such as collecting, processing and calculating data. All arising accounting transactions are automatically recorded, transferred to accounting books and financial reports. ERP (Enterprise Resource Planning) software has helped accounting work become more accurate, processing data faster and more effectively. Integrating management software with accounting software into a whole has helped synchronize data, saving time, effort and money for businesses.

Flexible working environment

Cloud computing allows users to access resources instantly. The emergence of online accounting software helps accountants work anytime, anywhere, update data continuously and provide real-time information to managers.

Thus, it can be seen that the 4.0 revolution with the internet helps accounting and auditing work not be limited by geographical distance. In addition, Vietnam's signing of labor agreements with other countries also increases the opportunity to work across borders for the team of accountants and auditors practicing according to international standards.

Advanced work standards

In the context of technology replacing accountants in performing repetitive tasks such as bookkeeping and financial reporting, low-level accounting jobs are gradually disappearing and instead there is a need for high-quality accounting human resources. Accountants need to be proficient in accounting software and keep up with changes in technology trends. With the application of Big Data technology to collect data, accountants need to be able to analyze data and advise managers.

Teachers and students of the Accounting Department of Dai Nam University.

The openness of Vietnam's economic policy has created favorable conditions for multinational companies to invest heavily in Vietnam. Therefore, accountants have more opportunities to work in more international and professional environments. However, the qualifications of accountants are also very high. Accountants need to have an understanding of International Accounting Standards and the ability to work professionally in English.

Dai Nam University races with the trend

Realizing the constant development of technology, the Faculty of Accounting in particular and Dai Nam University in general have made efforts to support learners to keep up with the changing trends of the world.

Efforts to bring students access to modern knowledge and advanced technology are invested in the most basic elements: facilities and equipment for learning and teaching.

The modern facilities at DNU help students keep up with technological developments.

Studying at the Accounting Department of Dai Nam University, students practice on specialized accounting software at the Finance - Banking - Accounting - Auditing Center right from the first year and throughout the study process.

In addition, Dai Nam University library is built with a rich document repository, constantly updated to serve learners to conveniently look up and research the latest knowledge.

Dai Nam University has a library with rich resources.

The Faculty of Accounting in particular and Dai Nam University in general also pay special attention to practical activities of students, helping students experience work and gain work experience right from their school days. Therefore, the School and the Faculty continuously have cooperation programs to bring students practical experience at businesses, thereby helping students gain practical experience even before graduating.

Signing between the Accounting Department of Dai Nam University with units and enterprises.

Accounting students experience practice at MISA Corporation.

Pursuing the accounting major at the Faculty of Accounting, Dai Nam University helps students have many opportunities to improve their professional knowledge, access new knowledge and advanced technology, creating the best foundation to participate in the labor market.

Dr. Doan Thi Hong Nhung

Deputy Head of Accounting Department - Dai Nam University