Friday, November 10, 2017

Challenge faced by accounting student now day

Now being a students it doesn't easy you need to face the stress come from your studies and examination or it even worst if you having BAD lecturer. But what I can tell you is that it is way more worst when you are graduated when your lucky faded away.
You need to face dozens of challenges and difficulties until you get employed. And being an accounting graduate your challenge might be:

1.       Technology of accounting

 No doubt that Technology advance make our life easier but so how it also replace our roles. In accounting industry, many accounting software and program are introduced to the market and are mostly applied. Now days every firm are using multimedia for recording the business transaction due to it is more efficiency, low cost and save time. Thus, these causes some of the firm decides to cut down the number of accountant in the business but replace them with available accounting software with the reason that using technology products is way more cheaper than hire an accountant.

2.      Too much competition

Now days there are too much student are taking accounting major in both diploma and degree. This is because being an accounting graduate are easier to find a comfortable work and stable salary compare to other industry. However, in real world, a company only need 5 to 10 of accountant in their department and this cause the other dozens of graduates being unemployed even with a diploma or degree certificate. Furthermore, now day even though  some graduates are having qualified certificate but they are not "material in accounting firm" which means they just think to get paid and work to being as accountant but does not have the real accounting knowledge.

3.      What we learned in college vs what we will used in office 


 Now, this issue is not just happening in accounting sector but every of them where most of the students are still learning outdated or unpractical knowledge in the class. This cause the graduate being categorized as unqualified because they might score well in their exam but if it comes to real practical application they know nothing. It may be challenging for graduates who are entering the work force because they need to learn again by themselves about what really apply in the real accounting world sometimes, even they willing to learn but unfortunately not all the seniors can be a good "teacher " for them, well some might be generous to share what they know but some are so selfish that they rather to keep all the knowledge themselves.

Causes of Accounting Scandal

1.       Low internal control Now let's us picture as if we are in a exam hall, if the invigilator doesn't perform their well e...