National Economic Culture and Accounting

Question: Discuss about the National Economic Culture and Accounting. Answer: Introduction: According to Cieslewicz (2014), the accounting profession across the world has come under scrutiny in the last decade due to the corporate failure of the modernized technology as well as the globalization of the economy of the world. These have decreased the expense of information as well as raised the competitive level of the firms. Moreover, this has resulted into a requirement for much decisive and quicker action by the management. Therefore, nowadays, the employers seek a diverse range of attributes and skills among the new accounting graduates for maintaining the competitive advantages. Moreover, capitalization of the traditional strengths like concern for public interest and independence, expectations of placed performance on the accounting graduates are more demanding and complex that requires development of broader skills. The accounting graduates generally lay the foundations for lifetime obligation for learning as well as for professional development. Opined to Jeacle and M iller (2016), there is a cultural difference between the pre-graduate and employed accounting employees and this can be better understood from the behavior of the students. It has been found that the pre-graduate students are ill equipped for starting the professional practices. Thus, in other words Ya'nan (2013) stated that more comprehensive skill are required to gather by the pre-graduates for making the culture among the accounting profession for more healthy. Similarities and Differences between the Pre-graduates and Employed Students On the other hand, in the accounting profession, theoretical as well as practical knowledge, experiences, skill are essential factors for maintaining a healthy culture within this profession. As rightly stated by Borker (2012) that the accounting professional authorities of Australia have recognized there is a critical importance for the development of the generic attributes and skills for the accounting graduates. Moreover, the attributes of the graduate are developed at the time of accounting programs. Therefore, it can be said that the pre-graduate students of accounting should get prepared as initially in their future they are considered as lifelong learners as they do not have any experience. Thus, it can be said that the culture of the pre-graduates is to put focus on the constant developing skills and attributes over a lifelong of professional, cultural and social experience. In addition to these, the focus of the pre-graduate students should be on the expansion of the particu lar skills, however, the ability for development, renewal of skills, knowledge and change should be in focus throughout the life. On the contrary, the employed accounting students culture should be to gather and upgrade their knowledge as well as skills with the passage of time. In addition to these skills, the employed accounting students should also put focus on strong work ethic, flexibility, values and appreciation of cross-cultural diversity. Finally, it can be said that the culture of the employed students of accounting is composed of total eight factors. These include cultural sensitivity, personal and communication, leadership and interpersonal, promotional, routine accounting, ethics, design/ analytic and appreciative (Cieslewicz 2014). However, from detailed analysis, it can be said that six of these factors i.e. cultural sensitivity, personal and communication, promotional, interpersonal and leadership, appreciative and analytic are also considered as the culture of the pre-graduates (Borker 2012). 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