IDEAS home Printed from https://ideas.repec.org/h/spr/advbcp/978-94-6463-666-6_23.html

Upskilling and Retraining of Accounting Professionals in the Digitalized Era

In: Proceedings of the 12th International Conference on Business, Accounting, Finance and Economics (BAFE 2024)

Author

Listed:
  • Ah-Suat Lee

    (Universiti Tunku Abdul Rahman, Faculty of Business and Finance)

  • Yoon-Mei Chin

    (Universiti Tunku Abdul Rahman, Faculty of Business and Finance)

  • Pik-Yin Foo

    (Universiti Tunku Abdul Rahman, Faculty of Business and Finance)

  • Chun-T’ing Loh

    (Universiti Tunku Abdul Rahman, Faculty of Business and Finance)

  • Yen-Hong Ng

    (Universiti Tunku Abdul Rahman, Faculty of Business and Finance)

Abstract

Artificial Intelligence (AI) is revolutionizing and reshaping many industries and professions, accounting is of no exception. A significant concern for the accounting professionals is the threat of job displacement as a result of AI. Nevertheless, there are opportunities for new roles in the AI driven world. However, professionals need to continuously upskill, adapt and engage in lifelong learning to embrace these changes. This will help them to stay relevant in their careers and to make the most of the opportunities that AI presents. Following the Theory of Human Capital Development, this study proposes in order to keep abreast with the latest technological advancement, accounting professionals need to have a digital mindset, equip themselves with relevant digital skills and familiarize with human-machine teaming to enhance job performance. Upskilling and retraining are crucial in the digitalized era. Accounting professionals can leverage AI capabilities to automate routine and repetitive tasks so that accounting professionals can focus their time and energy on more high-value tasks such as analysis, reporting and strategic decision making. It is recommended that future research be conducted to further test and evaluate the relationship of higher order thinking and job performance of accounting professionals.

Suggested Citation

  • Ah-Suat Lee & Yoon-Mei Chin & Pik-Yin Foo & Chun-T’ing Loh & Yen-Hong Ng, 2025. "Upskilling and Retraining of Accounting Professionals in the Digitalized Era," Advances in Economics, Business and Management Research, in: Abdelhak Senadjki & Fanyu Chen & William Keng Soon Choo & Voon Hsien Lee & Chooi Yi Wei (ed.), Proceedings of the 12th International Conference on Business, Accounting, Finance and Economics (BAFE 2024), pages 391-401, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-666-6_23
    DOI: 10.2991/978-94-6463-666-6_23
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:advbcp:978-94-6463-666-6_23. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.