Luca Pacioli and the Role of Accounting and Business: Early Lessons in Social Responsibility

Coate, Charles; Mitschow, Mark C.

doi:10.1108/s1574-076520180000021001

Cited by 8 publications

(10 citation statements)

References 7 publications

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“…We found that ethics has been intertwined with the accountancy profession since its very beggining when Luca Pacioli engrained Catholic Social Teaching in his Summa (Coate and Mitschow, 2018) however specifically ethics education for business did not catch up until early 20th century and it seems that it still raises controversies as to who, what should teach and what its impact is and also it is not as present as it should be in either academia (Miller and Shawver, 2018) or professional bodies (Fleming, 1996;Spalding, 2019).…”

Section: Literature Reviewmentioning

confidence: 87%

“…From the very establishment of the accountancy profession, at its roots, Luca Pacioli engrained ethics mentions based on the Catholic Social Teaching in his Summa (Coate and Mitschow, 2018). Ever since that very beginning, ethics has been intertwined with the accountancy profession and it has taken more or less a central stage depending on economic context, crises and general attitudes towards accountants.…”

Section: Introductionmentioning

confidence: 99%

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Ethics education in Romanian economics faculties, members of AFER

Manea

Hoinaru

Păcuraru-Ionescu

2021

Proceedings of the International Conference on Business Excellence

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This paper aims to provide a high-level overview of whether and how ethics is taught in Romanian accounting and business faculties, members of the Association of Economics Faculties of Romania (AFER), at Bachelor or Masters’ level (accounting, audit or business administration programs). While there are numerous research papers on how ethics is taught in general and some national surveys in other countries, this is the first analysis of its kind in Romania and it can be helpful for faculties to compare themselves to what their counterparts are doing to teach this important topic for professionals in accounting and business. We analysed the publicly available (detailed and most recent) curricula of 60 programs (22 bachelor and 38 masters) from 14 faculties in 8 Romanian cities. We found out whether ethics is included as a self-standing course or ingrained in the curricula (based on our own hypothesis which we then verified) and whether it is predominantly an optional or a mandatory discipline. We found that, with a few exceptions, the majority of programs analyzed approached ethics (academic or professional) and that the Ethics self-standing courses (or the courses where ethics is included as a secondary subject) have a relatively high importance (judged from the number of credits allocated to them). There are many other variables to analyze in order to make the research more relevant for professors that would want to update their ethics curricula. One would be for instance to analyze whether currently ethics is taught more towards senior years or at the beginning of students’ education.

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Section: Literature Reviewmentioning

confidence: 87%

Section: Introductionmentioning

confidence: 99%

Ethics education in Romanian economics faculties, members of AFER

Manea

Hoinaru

Păcuraru-Ionescu

2021

Proceedings of the International Conference on Business Excellence

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“…They must be capable of understanding emergent tools, interfacing with reporting techniques, and interpreting reports to answer questions from authorities [101]. A study prepared by the Association of Chartered Certified Accountants in the United Kingdom regarding the future of the accounting profession denotes the key tasks of accountants and their capabilities in this modern era 1 . For auditors, since RPA technology makes real-time and continuous audits possible, audit professionals should be flexible and adaptable regarding changing audit procedures and should be able to process real-time risk information [102].…”

Section: Suggestions For Accounting Professionalsmentioning

confidence: 99%

“…As the -language of business‖, accounting was first established by Luca Pacioli in 1494 [1]. Its main functions are to measure an organization's economic activities and communicate such information to related stakeholders, such as corporate managers, creditors, consumers, and regulators [2].…”

mentioning

confidence: 99%

“…Illustration of RPA applications. Notes:(1) Invoice Issue -Sales data gathered from database;(2) Accounts Receivable Reconciliation and Receipt Verification -Access bank information;(3)Invoice Verification -Access government database; Invoice Processing -OCR scanning;(4)Expense Reimbursement -Verification of invoice with logical query check;(5) Inventory Measurement -Real-time, based on transaction records;(6) Process Payment -Utility bills, etc.…”

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confidence: 99%

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The Impact of Artificial Intelligence and Blockchain on the Accounting Profession

et al. 2020

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Recent developments in technology have introduced dramatic changes to the practice of the accounting profession. This paper provides a comprehensive review of current developments in big data, machine learning, artificial intelligence, and blockchain utilized in general business practice and by specialized practitioners in the accounting profession worldwide. This paper explores the evolution of the accounting profession following these recent technological developments and assesses the impact of future developments. Inherent challenges and opportunities posed by these new technologies pertaining to accounting professionals and accounting educators are also examined, including an increased demand for IT professionals with accounting experience as opposed to accounting major graduates. Considering the dramatic changes and developments of AI applications in accounting, this paper reflects how all these technologies and the associated requirements of job candidates will affect the desired capabilities of accounting graduates and provides further discussion regarding what higher institutions and their accounting graduates can do to adopt such changes.

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