Unit 15 — The Future of Accounting

This unit discusses the future of accounting. You will learn about: web-based technology, simplified compliance, market consolidation, additional services, and business success centers.

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Vocabulary Builder Activity

Students will learn the following key terms and phrases:

Arising from Billable Commodity Compliance Cottage industry Duplication Estimate In conjunction with Integrate Merge Outsource Prior Range of Reallocation Red tape Speculate Stay afloat Take into account Trend Undertake
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Reading Activity: The Future of Accounting

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Since man started conducting business almost 7000 years ago, there has been a need to record and track these transactions - from this need came accountancy. As business changes so, too, does accounting and prior methods are forced to change- so the question is: how will accounting change as we move into the future? There are many predictions on this topic, but in this article we have selected…
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Multiple Choice Activity

Students will be able to select the best match between unit terms and their definitions.

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Listening Comprehension Activity

Students will be able to listen to short audio clips in English and then spell them correctly.

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Speaking Practice Activity

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He needs to undertake correct budgeting practices.
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By studying current trends, we can get an idea of what will happen next.
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The CFO didn't take the predicted rise in the price of fuel into account when budgeting for the year, so costs were higher than he expected.
... and more sentences to practice.
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Writing Practice Activity

Improve your formal and informal writing skills with guided essay questions and professional correction.

  • Which of these predictions do you think will come true and which won’t ? Why?
  • What are your predictions for the future of accounting?
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