Coding and the accountancy profession

This explains why professional accountants should be aware of and interested in coding, which is a task most associated with developing solutions using technology. This is done in a programming language, of which there are many types – some in machine code and others very much like natural language, the latter being the focus of the paper.

Narayanan Vaidyanathan, ACCA’s head of business futures, says: ‘Not every professional accountant may need to code, but even a basic understanding can add value to their organisations, help to differentiate themselves and open future career opportunities.’

Research amongst 992 ACCA members showed that although 57% had no knowledge of coding, 40% expressed an interest in learning. Looking ahead three years, none of the respondents wanted to remain without any knowledge of coding. And over that same time frame, six in 10 wanted to develop a basic knowledge, and a further one in four sought advanced knowledge in coding.

Narayanan Vaidyanathan concludes: ‘Coding can be a valuable skillset. There are various levels at which an accountant can get involved – from just a high-level awareness of what it is, to involvement as a user who can partner with specialists to more hands-on development of code itself.’

Source: ACCA Articles

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