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The Future of Accountancy: Success in a changing world

On 23 November, LSBU held an accounting conference discussing important topics affecting the industry, bringing a wide range of industry experts together
27 November 2017

The day covered topics that are affecting the accounting industry, along with industries globally. Some of these being technology, cloud accounting, and innovative software, all of which are changing the landscape in which accountants operate.

On the day, experts covered off topical subjects and explored some of the uncertainties around cloud software, intellectual property, crowdfunding, big data, and the General Data Privacy Regulation.

In addition, the day covered subjects that would help individuals at the beginning of their career, or looking to take the next step. The ‘Own your career’ and ‘Employment Advice’ rooms covered topics including changing skill sets in the industry, how to get headhunted, and what skills employers are now looking for. These topics alone made for the perfect opportunity for any ambitious accountants to learn about how they can further their careers in the industry

The event brought together a whole host of experts and on the day we welcomed Alan Hatfield, Executive Director, Strategy & Development, at the ACCA, along with Mark Protherough, Executive Director, Learning & Professional Development, ICAEW,  and Noel Tagoe, Executive Vice President Academics (Management Accounting), Association of International Certified Professional Accountants.

David Oliver, one of the speakers at the conference put his talk about cloud accounting into context,

‘‘Welcome to the Cloud’ for people operating in the 21st century. The journey ‘Beyond the Cloud’, towards digital and growing Cloud adoption is the mother trend of all changes and 2018 is likely to be a watershed year with the landscape changing inexorably. It’s hardly surprising as the Cloud offers accountants countless benefits, including flexibility; it eliminates disaster recovery challenges and is capital expenditure free. The majority of clients and potential clients are already using the Cloud routinely…and getting great value from it.”

Former Dean of the School, Prof. Mike Molan, touched upon the School of Business plans to grow strong relationships in his closing speech,

“We’re always looking to build stronger relationships with organisations and external bodies which I hope this event will help to do, encouraging more interaction will no doubt benefit our students, which is our focus. The student experience is at the heart of everything we do, and this goes beyond our excellent teaching and can be evidenced by a number of extracurricular activities that we do to enhance the skills and employability of our students.”

The event was proudly sponsored by ACCA, ICAEW, AIA, and FA Simms & AMLCC.

London South Bank University is ranked 4th in the UK by the Guardian League Table (2018) overall for Accounting and Finance. As a global city, and centre of finance, LSBU is well placed to continue furthering the industry by developing strong talent from our experienced and intelligent student body, where we continue to focus on developing employability skills, as well as delivering high-quality teaching.