This document discusses several contemporary issues in accounting including technological limitations and changes, changes in accounting principles and taxation policies, limitations of accounting standards, and problems with time value of money and allocation. Specifically, it notes challenges around security, automation limitations, lack of training, changes in tax laws and rates, employees lacking both IT and accounting literacy, difficulties choosing standards that involve high costs and are time consuming and inflexible, and issues allocating for time value of money.

1. CONTEMPORARY ISSUES IN
ACCOUNTING

2. TECHNOLOGICAL LIMITATIONS AND CHANGES
Security
Limitations of Automation
Technological Changes
Lack of Training

3. Changes In Accounting Principles and
Taxation Policies
Tax law changes
Changes in Tax rate

4. Changes in accounting
principles and taxation
policies
Employees Lack of IT
Literacy.
Employees who have
enough IT literacy about
systems, do not have
enough knowledge on
Accounting.

5. Limitations of
Accounting Standards
Difficult to choose among
alternatives
Involve high cost
Time consuming
Brings inflexibility and rigidity

6. Problems of time value
of Money
Allocation Problems

7. THANK YOU!