Navigating digital transformation in the post-Covid world

In a commentary, Lipika Bhattacharya, Assistant Director at the SMU Centre for Practice Management, SMU Assistant Professor of Accounting (Practice) Clarence Goh and SMU Professor of Accounting (Education) Gary Pan discussed the importance of navigating digital transformation in the post-Covid world and highlighted four key aspects on the digital transformation journey. They pointed out that digital talent is a key ingredient in determining the success of a company’s digital transformation. They opined that it is crucial that universities recognise the need for today’s accounting and finance professionals to possess relevant technology skills and revamp their curriculums to include the teaching of such competencies. For example, in response to these industry trends, the SMU School of Accountancy offers a second major in accounting data and analytics, which students can pursue to complement their Bachelor of Accountancy degree programme. As part of this second major, students take courses that not only equip them with data and analytics skill sets useful for accounting and finance professionals, but also teach them to apply these competencies across various finance-related settings such as audit, investments and forensic accounting.

Source
The Business Times