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Botswana’s accountancy future in the wake of digital revolution

Head of class: The Botswana Accountancy College is the country’s main institute of training in the profession
Head of class: The Botswana Accountancy College is the country’s main institute of training in the profession

Since 1494, when the Italian monk, Luca Pacioli or as some call him, “the father of accounting”, introduced the double entry system and laid the groundwork for modern-day accounting, the accounting profession has gone through so many radical transformations.

It is not a new phenomenon to adapt to changes in accountancy.

Essentially, technology brought drastic changes including the Accounting software systems which are in use in the present day such as QuickBooks, Sage, Xero, AccPac, and many others.

Editor's Comment
Our digital safety is in our hands

That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...

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