January 19, 2025
With Demand Booming, Should You Train To Be An Accountant?

With Demand Booming, Should You Train To Be An Accountant?

0

The US Bureau of Labor Statistics estimates that growth will average 10 percent for accountants and auditors between 2016 and 2026, much higher than the 7 percent total for all occupations. The reasons for this growth aren’t entirely understood. But what’s becoming clear is that accountants aren’t just human calculators, performing mathematical operations: their role is much more diverse than that. Today’s accountants need to creatively react to new financial problems and offer their clients solutions. They need to have a vision of future trends and how innovation will affect firms.

Black calculator and pen
Share This:

For years, technologists forecast the demise of the accountant. Financial professionals would soon be overtaken by smart software that did all the work that they did much faster and at a fraction of the cost. But that’s not what’s happened. Instead, the demand for accountants continues to grow, outpacing the growth of all other occupations by a significant margin.

The US Bureau of Labor Statistics estimates that growth will average 10 percent for accountants and auditors between 2016 and 2026, much higher than the 7 percent total for all occupations.

The reasons for this growth aren’t entirely understood. But what’s becoming clear is that accountants aren’t just human calculators, performing mathematical operations: their role is much more diverse than that. Today’s accountants need to creatively react to new financial problems and offer their clients solutions. They need to have a vision of future trends and how innovation will affect firms.

Accountants also need a degree of emotional intelligence. An entrepreneur with a failing business requires as much emotional support as he does financial.

4 Post-COVID Business Ideas You Can Start Right Away
From online businesses at home to investment opportunities, there's a wide range of business ideas that you can venture into even if you have no formal experience in business management. Here are a few of the most promising ones in terms of profitability or marketability.

The following infographic shows the most in-demand areas for accountants of the future and where you’re likely to end up if you decide to train. One of the most critical areas is investment accounting. Companies and individuals need to understand how to invest, what they can spend, and where to put their money in a tax-efficient manner. Organizations also need risk management specialists.

Refining Your Recruitment Process
When you are a small business owner, the things that keep the business running are the people that work for you. They are the ones that are completing the daily tasks and getting all the day to day things done. Plus, they will be the ones that are going to...

Take a look at the following infographic and check out all the exciting career paths that a career in accounting offers.

blank
Infographic by University of Alabama Birmingham

Please Note: This post may contain affiliate links. By clicking on these links you will not be charged any extra for purchasing goods and services from our preferred partners however flippingheck.com may receive financial compensation which contributes to the running of the site. For more information please read our Advertising & Affiliate Disclosure Policy
The short URL of the present article is: https://www.flippingheck.com/a5s4

Leave a Reply

Your email address will not be published. Required fields are marked *