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Assistant Professor Of Accounting

Mfon Akpan

As an Assistant Professor of Accounting at Methodist University, Mfon has over ten years of experience in teaching, research, and service in accounting and financial management. He holds a Doctor of Business Administration (DBA) degree from Indiana Wesleyan University and a Chartered Global Management Accountant (CGMA). This credential demonstrates his expertise and commitment to the highest standards of ethics and professional practice. His mission is to provide quality education and mentorship to students, to advance knowledge and practice in accounting and related disciplines, and to contribute to the community and the profession. He has developed and taught courses in accounting, finance, business, and management at undergraduate and graduate levels, using innovative pedagogical methods and online platforms. Mfon has also published and presented his researches on accounting topics in peer-reviewed journals and conferences and participated in various academic and professional committees and organizations. Additionally, he has leveraged his analytical, customer relationship, and new business development skills to serve as an Audit Committee Member for the City of Fayetteville, North Carolina.

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Contributor Brief·Mfon Akpan · 5 articles
Updated Apr 17, 2024

Technology creates efficiency gains but introduces hidden organizational costs

Akpan argues that organizations face a critical paradox: technology and automation deliver measurable productivity wins while simultaneously creating new compliance risks, relationship vulnerabilities, and hidden workforce costs that offset those gains. Success requires businesses to move beyond adopting tools and instead build integrated strategies that account for ethical implementation, customer relationship preservation, and the true total cost of labor decisions.

50%

of accounting time reclaimed by generative AI implementation

“Rapid technology adoption in finance creates compliance gaps that organizations must navigate carefully.”

AI Advances Can Lead to Ethical Dilemmas in Accounting and Finance

Key organizational tensions across technology and workforce management

Efficiency gains from AI in accounting9
Compliance risk from rapid tech adoption8
Customer relationship damage from aggressive debt collection7
Rising costs of aging workforce retention8
Cash flow vulnerability without strategic debt management9

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22%Efficiency gains
Efficiency gains from AI in accounting
Compliance risk from rapid tech adoption
Customer relationship damage from aggressive debt collection
Rising costs of aging workforce retention
+1 more

table

Strategic tensions in modern business operations

Companies face a delicate balance between preserving valuable customer ties and recovering money owed.

Maintaining Customer Relationships Creates a Tricky Proposition for Businesses Collecting Outstanding Debt

Strategic debt management and collection practices directly impact a small business's ability to scale.

Effective Debt Management Holds the Keys to Small Business Cash Flow and Growth

“Businesses must balance retaining experienced workers with controlling aging workforce costs.”

Themes:Hidden costs offset technology efficiency gainsCompetitive priorities force difficult organizational tradeoffsCompliance and relationships matter as much as productivity metrics

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