The Impact of Financial Technology (FINTECH) on Accounting Education and Practice in West Sumatera

Juita, Verni The Impact of Financial Technology (FINTECH) on Accounting Education and Practice in West Sumatera. In: IC-ASEAN Universitas Andalas 2019, 5-6 September 2019, Padang, Indonesia. (Unpublished)

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In various countries in the world including the ASEAN region, FINTECH is developing rapidly and widely which covers various forms and sub-sectors. Likewise, this rapid development also occurs in Indonesia as part of ASEAN member countries. Therefore, this study is focused on examining the development of FINTECH in Indonesia, especially in West Sumatra. In particular, this study wants to observe the impacts, opportunities and challenges presented by FINTECH on the field of accounting education and professional accounting profession in West Sumatra. Through literature studies and in-depth interviews with three group of stakeholders (Academician, Professional Accountant, Regulator) in the accounting sector in West Sumatra and applying triangulation analysis, this study found that management in accounting education institutions, practitioners and regulators viewed the development of FINTECH very positively which was not seen as just a challenge but also a good opportunity for accountants and prospective accountants to be able to increase their readiness and capacity to face the era of digital technology. For this reason, the response they have prepared is the preparation of regulations related to the activities of accountants in various fields that relate with the digital world, curriculum development, update and improvement teaching material related to digital technology along with supporting activities such as company visit, workshops and trainings both for the student and the lecturers. Moreover, there is also the need for dialogue between stakeholders in the field of FINTECH and accounting (academics, practitioners, and regulators) related to synergizing both fields in improving the national curriculum. In this regard, The University could be a host for a lecturer forum at the university level or between universities to discuss curriculum improvements that can accommodate the development of FINTECH in Indonesia.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: Accounting Education; Accountant and Financial Technology
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
T Technology > T Technology (General)
Divisions: Fakultas Ekonomi > Akuntasi
Depositing User: Verni Juita
Date Deposited: 25 Sep 2019 14:46
Last Modified: 25 Sep 2019 14:46

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