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An ALTC Discipline-based initiative. Here is the background to the project ALTC (Carrick) scoping study Business as Usual identified a particular problem.

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Presentation on theme: "An ALTC Discipline-based initiative. Here is the background to the project ALTC (Carrick) scoping study Business as Usual identified a particular problem."— Presentation transcript:

1 An ALTC Discipline-based initiative

2 Here is the background to the project ALTC (Carrick) scoping study Business as Usual identified a particular problem in Accounting driven by many factors including a large unmet demand for accountants. Report available at

3 The approach taken in the project A collaborative, sector-wide investigation into the changing skill set required of professional accounting graduates over the next decade. Team members: Phil Hancock, University of WA, Bryan Howieson, University of Adelaide, Marie Kavanagh, University of Southern Queensland, Jenny Kent, Charles Sturt University, Irene Tempone, Swinburne University

4 The approach used in the project. Action research Semi structured interviews Nvivo analysis

5 Research questions RQ1: How are stakeholders defining non-technical skills? RQ2: What non technical skills do stakeholders expect of accounting graduates at recruitment, in training and in ongoing accounting employment? RQ3: How are stakeholders defining technical skills? RQ4: Are stakeholders satisfied that accounting graduates are presenting with the required skills and attributes for the profession? RQ5: Whose responsibility do stakeholders perceive it is to assist accounting graduates to acquire the necessary technical and non-technical skills?

6 Non-technical skills Communication, Initiative and enterprise Planning and organising Problem solving Self management Teamwork Technological competence

7 Non Technical SkillsComments Communication, presentation 45 * Verbal skills, speaking, listening, negotiation and feedback 27 * Written communication, reports18 Teamwork, good interpersonal skills, fit organisation ethos45 * Client relationship, focus, rapport, trust20 * Leadership18 * Managerial skills21 Self Management41 * Ambition6 * Community involvement, social responsibility7 * Hard working, dedicated12 * Holistic, flexible, able to deal with complexity, uncertainty, pressure11 * Intellectual capacity2 * Self presentation, professional presence, behaviour8 * Well rounded, mature, confident persons20 * Work independently, manage time13

8 Initiative and enterprise35 * Business acumen, knowledge, planning, building21 * Vision, imagination, seeing the big picture, adding value4 * Ethics, discretionary behaviour6 Problem Solving22 * Applying theory into practice11 * Critical analysis, thinking skills11 Technological Competence12 Planning and Organising16 * Time, project management skills5

9 RecruitsRecruitment processes Recruitment challenges with changing market, organisation structures Total Communication, presentation 5163 24 Initiative and enterprise 271 10 Planning and organising 120 3 Problem solving 171 9 Self management 9176 35 Teamwork, good interpersonal skills, fit organisation ethos 8124 24 Technological competence 102 3 Table 3: The role of non technical skills in recruitment

10 Comment from a stakeholder But having said that, you need to contextualise it because grades certainly arent everything and our recruitment and screening process, as the same for the chartered firms, looks also at a variety of other attributes and skills that we are interested in, particularly communication skills, team building skills, team work skills, those types of softer skills which you cant see in a set of grades.

11 Basic Skills No. of comments Basic, practical accounting skills 42 Accounts payable 3 Audit 12 Consolidations 2 Variance analysis 1 Entries, debits and credits 11 R&D incentives 1 Reconciliations 4 Retrieving information from the system 2 Superannuation 5 Tax 13 Transactional activity 3 Trusts and companies 2 Understanding financial reports, preparing financial statements 9 IT software skills Ability to use Excel, MYOB and related accounting software programs 30 Excel 6

12 Non-technical SkillsPositiveNegative Communication, Presentation skills1315 Teamwork, good interpersonal skills, fit organisation ethos158 Self Management Skills125 Initiative and Enterprise42 Problem Solving46 Technological Competence20 Planning and Organising13 Technical Skills Basic Accounting Skills613 IT software skills31

13 Employer's role Graduate responsibil ity Partnership University's role Total Communication, presentation 72316 28 Initiative and enterprise 24111 18 Planning and organising 3004 7 Problem solving 41216 23 Self management 5219 17 Teamwork, good interpersonal skills, fit organisation ethos 102211 25 Technological competence 2007 9

14 Technical skills Employer's role17 Graduate aptitude, responsibility2 Partnership3 TAFE model builds skills1 University's role32

15 Importance of the non-technical skills Communication1 Problem solving2 Teamwork3 Self-management4 Life-long learning5 Initiative and enterprise6 Planning and organising7 Ability to deal with diversity8 Technology9

16 In relation to each of the nine non-technical skills on a scale of 1(not at all)- 5(excellent) how well do you consider you are able to develop (blue), assess (red) these skills in your students?

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