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.

blank

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

When To Quit Your Job: 12 Signs You Should Resign
Walking away is never an easy decision to make, be it from a toxic relationship or from a job. Humans get too emotionally attached to anything they get accustomed to, even when it is no longer exciting. That is why you need a little push, a little motivation to leave...

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.

Career Opportunities And Growth As A Lawyer – Best Guide 2021
Thinking of pursuing a career in Law and becoming a lawyer? Refer to our guide on the current career opportunities and growth as a lawyer and check whether or not it is what you want.

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

blank

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

Leave a Reply

Your email address will not be published.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