The children of the 1960s were beginning to make their presence felt in accounting education. These were young, mobile, well-educated people they were the first generation to have conceived themselves as accounting academics.
Easton's rigour and international focus revolutionised the image of accounting as a practical discipline. "… Peter's research showed that there was a wealth of information hidden in these boring accounts. If you knew it, you could work out what was going on, and what was going to go on" [S. Wright].
The swing towards the practical in many degrees had effectively transform edaccounting … into elements of the "new humanities". In the new economy, "you can have many lives" notes CPA Australia CEO Alex Malley, "but you have got to have a core skill. I truly believe that accounting is that core skill".
[Leung] was also aware, as manyAustralian academics were not, of how significant a reputation Macquarie had built up in Asia through the work of Peter Eddey. "If you go to China, for example, everybody knows about Accounting at Macquarie".