How the Job of a CPA has Changed in the Last Decade



If you like to crunch numbers and deal with the different aspects related to finances and businesses you should consider going to school for an accounting degree.  You could have the opportunity to have more than a job but a career in a field you love.  In the ever changing business world accountants are in as high demand as ever with the more complicated financial requirements.  Businesses need trained and skilled professionals to deal with the finances.  You can have good earning potential and a steady and stable job market.  In this new era businesses and how they are run are changing; along with that drastic changes have been made to accounting jobs, which means that being a CPA now is not what it was ten years ago.

Due in part to the scandals of businesses such as Enron and WorldCom, the face of accounting has changed and doesn't seem to be going back to normal (partly to satisfy government regulations); whatever the reason it seems that businesses have realized just how big a part accounting plays in the business world.  Since the onset of these new security regulations the origin of the Public Company Accounting Oversight Board (PCAOB) began and as a result of this change the skills of an accountant must be much broader than they were before.

It is a better time than ever to begin pursuing an accounting degree.  Businesses are having to take on more staff to deal with the increased business resulting from economic reform, previous lay offs from years ago, and also as an answer to the imminent talent crunch that has been predicted in years to come; which leaves you in an ideal position to possibly have businesses recruit and court you.

However, to get in a position where businesses will want to recruit you, you will need to acquire the broad skills that businesses now require of CPA'S.  New methods are being developed by converging the old practices with new methods for example principals-based accounting and International Financial Reporting Standards.  You will need to develop technical, interpersonal, and analytical skills in school to get an edge on the competition.  Also, to be competitive in the job field many accountants are getting additional licenses along with their CPA, such as Certified Management Accountant (CMA) and Certified Internal Auditors (CIA).

If you pick the right school for your accounting degree you could even have the opportunity to participate in an internship which will give you a great experience of gaining inside business knowledge, real life experience, and access to a potential job or job reference.  Now is a great time to take advantage of the changing industry of accounting and pursue your education.

 

Event Calendar