The authors that are seen as the leading scholars in the field of accounting and finance have agreed to the fact that the accounting profession has increased the speed of information and controls in the business world, but now has to become a ‘hybrid accountant’ within the organization. External factors includes the forces outside the organization like the environmental factors like the globalization, market competition and information technology advancements that leads to the changes in organization’s activities. It also represents the techniques of the operations and management that would enable