Managing in a global, digital society requires accountantscorrectto pay close attention to information. One of the reasons accountants have to pay close attention to information is because management will use the information presented by accountants for making crucial decisions. Finally, accountants must have the right skills to perform this and other vital functions.

Paper Layout

Section 1 (Framework for Information Management): You will review the CPA Horizons Report and the Competency Framework (see attachment). After reviewing the reports, you will describe how they will help accountants provide their managers with the right information at the right time in the correct format.

Section 2 (Skills): Take a moment to skim the World Economic Forum report (see attachment). Pay close attention to the "Pilar III - People" section. After reviewing this report and the Financial Management in the Future report (see attachment), identify and discuss three skills accountants lack that limit their ability to produce the correct information for management and users. NOTE: One of the skills you propose must address technological advances (see the Financial Management in the Future attachment for a reference to advances in technology).

Section 3 (Information Management Today): Roughly 50 years ago, Russell Ackoff wrote about the importance, or lack of volume, of information that management needs in "Ackoff's Management Information System" (see attachment). After reading the article, you will analyze how each assumption still applies or no longer applies to society today based on what you covered in Sections 1 & 2. Treat each belief separately in your analysis. Conclude your research with a revision of each assumption, revised in your own words to reflect today and the future.

Section 4 (Conclusion): Explain how your degree from UMGC and this class will help you be a better person that 'embraces the future and creates valvaluer your firm, based on the key themes covered in this assignment.

Page Length: Your response should not exceed five pages. Each paragraph must be single spacing with double-spacing between sections. No separate Cover Page or Title Page is needed; however, you must include the title of your assignment as a heading on the first page. If provided, the reference page and appendix are excluded from the page count. References: You will need to include at least four literary references and in-text citations to support your paper. These references must be related directly to the topics covered in the report. References & citations must be formatted appropriately, as noted below. Headings: You will need to use headings (short, brief, and centered) to separate each area of your paper. Your headings should have an appropriate title, not something like Section 3. Margins & Font Sizes: Use standard margins (minimum .5"; maximum 1.5") and standard font size (minimum 10 point; maximum 12 point) in your paper. Writing Style: APA7 is the preferred writing style. Please consult the UMGC Effective Writing Center (http://www.umgc.edu/writingcenter/index.cfm)for assistance regarding formatting your paper and references via APA7.