The completely functional accountant profession requires the modernization of education within the accounting domain and the professional training program. The measures undertaken by the educational institutions are: modernization of the educational plans; curricula development; accreditation of study programs. The key challenges regarding technology that have a direct impact on the profession of accountant include: digital perturbation; artificial intelligence; cyber security. Taking into account the prospective orientation of education, the accounting concept is up for discussion, which means that the institution’s assignment is determined by the needs, the desires and the interests of the education’s consumer and, it has to adapt in order to offer programs that meet the consumer and the society’s interests on long term.