AssignmentCreate a 5minute narrated PowerPoint presentation describing the top three trends in your profession/industry, and how you will prepare for these trends (formal education, training, certifications, etc.).

Three Trends in Accounting 1 Top Three Trends in Accounting Melissa Sierra Professor Michelle Keba University of Maryland, University College August 9, 2015 Three Trends in Accounting Name of the industry: Accounting NAICS CODE: 525920, 541211 and 541219. The three trends are as follows: 1. IT Outsourcing Social media as a business tool Increased security and compliance Jason Bramwell. (2014). Retrieved from: https://www.umuc.edu/academic- programs/bachelors-degrees/accounting-major.cfm This is one of the editorials that depicts the versatility of the accounting bachelor's degree and also portrays the beneficial impacts of opting for the degree in accounting. It has been specifically pointed out by the author that a huge number of accounting firms will be affected beneficially by technology regarding the services and added value to their clients. The article also focuses that, if an individual has a fetish with numbers, then the online bachelor's degree in accounting will be the perfect course for enhancing the possibilities for future. With the present always on era, the article distinctively portrays the different aspects and the practical usage for accounting professionals for staying on top of these changes. 2. Franklin Allen. (2014). Retrieved from: https://www.umuc.edu/academic- programs/masters-degrees/management-with-accounting-specialization.cfm The present editorial deals with the special branch of accounting. It offers a complete new prospect which is fraud detection and accounting ethics. In the present scenario it cannot be denied that the cloud based solutions and the data collection methods have been automated and the editor portrays the beneficial aspect of Master of Science in management that deals with the 2 Three Trends in Accounting 3 ethics of accounting. This trend includes the utilization of the intelligence data for making a proper and informed business decisions for the prevention of fraud. 3. Stefan Bach. (2011). Retrieved from: https://www.umuc.edu/academic-programs/masters- degrees/accounting-and-information-systems.cfm With a strong understanding of the business process, this editorial is related to the integrated knowledge of the information technology and accounting. The author portrays that this editorial is definitely going to be of immense value as a resource in the accounting industry. Considering the edge of competition in the accounting industry, the accounting professionals and the business organizations need to be prepared to cope with the developing market. This is the primary objective of this editorial. The employees in different organizations need to deal with huge number of clients and this is the reason the fusion of accounting and information technology is of such importance. 4. Tristan Boyer. (2015). Retrieved from: http://www.capella.edu/blogs/cublog/4-top- accounting-trends-in-2015/ The editorial comprises of the importance of IT outsourcing in accounting process. The beneficial aspects of the present trend will be the recovering of economy, formatting a strategic outsourcing plan on the basis of priority and also maintain the efficiency in the accounting process. The author of this editorial emphasizes on the part of the trend that is inclined towards IT models, utilizing a combination of experienced IT professionals for the complete collaboration of the outsource providers. This will be really beneficial for the firms for collecting the actionable information for driving the growth of business. Three Trends in Accounting Michael Best. (2015). Retrieved from: http://www.capella.edu/blogs/cublog/4-top-accountingtrends-in-2015/ 5. The article is completely focused on the present data breaches that take place with the compromise of classified data. The author depicts the fact that the data breaches have become imminent in the present scenario and with the risk of being exposed it is necessary for the organization to develop certain measures for evaluating the present systems and prevent the data breach. The article offers a view of setting up a control for data management to cope with the potential cyber hacks and data compromise. Considering compliance, the topic focuses on requirements on personal data collection and privacy. 6. Jason Bramwell. (2014). Retrieved from: http://www.accountingweb.com/technology/trends/top-5-trends-shaping-accountings-future With the introduction of more sophistication in the present scenario by using twitter, facebook and other social media platforms for marketing the business, looking for clients, engaging the clients online and also monitoring the competitive landscape. According to the author, a major proportion of firms make the utilization of social media as a beneficial marketing tool which offers client satisfaction and leads to the formation of new path in business. Accountants need these channels for communicating with the clients and offer relevant data to their potential clients. 4 Three Trends in Accounting 5 Reference Jason Bramwell. (2011). Top 5 trends shaping accounting's future. Retrieved from: http://www.accountingweb.com/technology/trends/top-5-trends-shaping-accountingsfuture Jonathen Lister. (2014). Ethical issues facing accounting profession. Retrieved from: http://smallbusiness.chron.com/ethical-issues-facing-accounting-profession-18307.html Osmond Vitez. (2014). Principles and importance of accounting for business. Retrieved from: http://smallbusiness.chron.com/principles-importance-accounting-business-703.html Russ Alan Prince. (2014). The future of accounting industry in 2015. Retrieved from: http://www.forbes.com/sites/russalanprince/2015/01/21/the-future-of-the-accountingindustry-in-2015/ Shiela Shanker. (2014). The effectiveness of information technology on accounting applications. Retrieved from: http://smallbusiness.chron.com/effectiveness-information-technologyaccounting-applications-2102.html