Sunday 30 September 2012

The Challenges Facing Accounting Conferences

By Patrice McCoy


The introduction of accounting conferences has been the most relevant thing as far as this profession is concerned. These are meetings for the accounts and finance people from different nations all over the world. They converge at a single place annually to redress the issues in this profession and the necessary solutions that are handy. So far, a lot has been achieved through them but, some challenges are being eminent as we speak. These challenges are putting the whole underlying issues under jeopardy for the success of future events.

The issue of new members is one of them. This is regarded as a time bomb waiting to explode. As the population of the world increases, the number of people graduating in this profession is on the rise too. Although registration for new members is being done, satisfying this lot fully is the biggest headache. They are not sufficiently served as they need to due to these large numbers.

Offering training is among the success stories in store for these meetings. Training is termed as one of the key components that underlie the many guidelines of these summits. Training gives more knowledge that is new to in the field for them to use while at their places of work. With training, there is a lot of sharing of ideas as they come and building bridges in reaching out to rest at any time of need.

Emerging issues may be eminent every now and then. Technology is the biggest trend in this case. Some people come from nations that have outdated modes of technology. When being addressed on these new forms, it seems as a waste of time since they are not conversant with them. This is the biggest hindrance ever and redress of it seems not to be coming any time soon.

Normally, this field requires high standards being set. It is in such seminars that such standards are set. The accounting principles and views are reviewed and other relevant ones to the field of study set. We know that such meetings are the voices of the many. They do own the profession and setting standards assists tremendously to be up to time with the other happenings. Standards are the governing rules which must be adhered to fully.

Giving equal time to presenters regardless of their background leads to successful conventions. Discrimination in any way must be condemned. Although their numbers may prevent each and everyone from presenting what they have on mind, setting up other platforms for feedback makes components of the success story. It is all about gaining knowledge and sharing it well with the rest.

The need for this meeting is also to review the syllabus of accounts. They may feel like some materials in the current one is outdated and therefore, need some serious review. This is the right time and place to do so. Besides, the books with the recent information are given a node and recommended for use.

In the case of upholding integrity, accounting conferences may not be keen to adhering to this. Once people return to their places of work, they will not be monitored to ensure that there is adherence to this measure. This puts such an idea not to be workable since there are no mechanisms for monitoring it.




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