CPA Credits’ Post

This was a great read on the growing popularity of Accounting roles among Gen Z. This is such an important role in every industry, so let's hope these changes lead to more students engaging with this role. #accounting #accountinginternship #socialimpact

📊Is accounting a good career path? Here’s what two professionals have to say on the topic. Careers in accounting are as varied as the work itself, but the field continues to attract business school graduates. From robust salaries to extensive career growth, the advantages are abundant. For Gen Z, the appeal is clear: stable job prospects and skills in perpetual demand. We caught up with two Master in Accounting grads—one a CPA and the other an audit professional—to uncover their inspiring journeys into accounting. “Don’t discount accounting if you’re not familiar with it, you might really like it—it’s challenging and exciting, just be ready to learn and pay attention in your core [accounting master’s] courses so you have a solid framework to lean back on,” says Master in Accounting graduate Margaret Mary. Villanova School of Business 🔗Continue reading here: https://bit.ly/3RmU0Sj

📉 Accounting Graduates Decline: Urgent Call for Industry Reflection Alarming data from the American Institute of Certified Public Accountants reveals a 7.4% drop in accounting graduates, intensifying a six-year trend. Bachelor’s and master’s degrees both plummeted, exacerbating the challenge of filling crucial roles in the face of a dwindling talent pool. 💼 Industry Shortage and Strategies: With less than 1% of small- to medium-size CPA firms finding qualified U.S. candidates, the profession grapples with a significant shortage. Efforts to address gaps include hiring overseas, leveraging technology, and pre-emptively securing students pre-graduation. 🎓 Factors Behind the Decline: Reasons cited for the profession's waning allure range from the 150-credit-hour requirement for a CPA license to perceptions of limited career progression and comparatively lower starting pay. Calls for educational reforms, emphasizing technology integration and apprenticeships, echo throughout the article. 💡 Industry Voices: Accounting and financial executives stress the need for a holistic approach, combining competitive salaries with work/life balance, job satisfaction, and innovative use of technology. Beyond monetary incentives, they argue for reevaluating educational and professional structures to attract and retain a new generation of accounting professionals. Let's dive into these challenges together and brainstorm solutions! How can we reshape the narrative and make the accounting profession more appealing for future talent? Share your insights! 💬🚀 #AccountingIndustry #TalentShortage #FutureOfWork #ProfessionalDevelopment

Ready to start your journey in the accounting profession? Here's a roadmap to guide you: Education Matters: Begin with a strong educational foundation. Pursue a bachelor's degree in accounting, finance, or a related field. Consider advanced degrees like a Master of Accounting (MAcc) for a competitive edge. Build Your Skills: Develop key accounting skills such as attention to detail, analytical thinking, and problem-solving. Proficiency in accounting software (e.g., QuickBooks, Excel) is crucial. Gain Experience: Secure internships or entry-level positions in accounting firms, government agencies, or corporate finance departments. Real-world experience is invaluable. Specialize: Explore specialized areas such as auditing, taxation, forensic accounting, or management accounting. Specialization can enhance your career prospects. Seek Mentorship: Connect with experienced professionals in the field. Mentorship can provide guidance and insights for career growth. Network: Build a strong professional network. Attend industry events, join LinkedIn groups, and connect with peers and mentors. Remember, the accounting profession offers diverse career paths—from public accounting and corporate finance to forensic accounting and beyond. Tailor your journey to align with your interests and aspirations. Learn more here: https://lnkd.in/dgG8Bg_9

Accounting careers are in demand.

As we all meet and speak to students who are wondering about their majors and career path, don't forget to talk about the incredible opportunities afforded by and accounting degree. Pass it on. "An accounting degree can be the key to an excellent business, finance, and banking career, unlocking a world of opportunity for those who possess it. Students who finish their accounting degree can work as accountants, auditors, financial analysts, or bookkeepers. For this reason, accounting is one of the most widely sought degrees in many universities. According to college statistics published in the Journal of Accountancy, there were nearly 208,000 students enrolled in undergraduate accounting programs in the school year 2017-2018, setting the second-highest number on record for over a decade (Tysiac, 2019). Many of the oldest colleges in the US also offer accountant degree programs." #accounting #futureaccountants #accountingdegrees #accountingmajor #highereducation #accountingfirms #practicemanagement #recruitment #accountingrecruitment https://lnkd.in/gRcw2kDw

To the 2024 new interns in public accounting - welcome!! This is for all of you, not just those that joined the best firm in the world (HHM - if that needs clarifying). Welcome to an exciting time and the start of your career - you picked a phenomenal industry to go into, but I am sure you already know that. There is a large need for public accountants in the future, so you picked a secure and well-paying future - one that can be customized to your preferences. You can be partner, you can start your own firm, you can work a reduced schedule and focus on yourself, you can work with non-profits, you can become connected to the most powerful and influential people in your city, etc. Some of you have no idea what you are in store for, some of you think you know but will be caught off guard, and some of you will somehow magically already be prepared. Regardless, at the end of April, you will all have a new outlook on what public accounting is as a whole. Some quick advice : - Remain humble, this is the most important rule - Keep a good attitude, never complain about the people you work with, even when you are in a room with others who complain about them. - Take the scary projects - these are the ones you learn from - You will be working with interns who already know they want to make partner, and interns who aren't even sure they want to do public accounting for a living. Focus on yourself and your own path - you do not have to want the same things as each other or the same future. There is still a spot for you, and that spot is valuable - To the point above - focus on yourself!!!! If one intern seems to be getting all the work, don't get discouraged. Don't compare - I promise you - PROMISE YOU - that the standards set while you are an intern do not correspond at all to your full time career. Trust me on this one. Thats all I've got! If you can give any of the new 2024 interns advice - please feel free to add below! 😊

What are some Accounting Degree Requirements? These degree and certificate programs can help you prepare to pursue an accounting career. Learn more below.

We all know accountants work with a company’s books, but what exactly do they do? What level of education do you need? What kind of growth is available? Is it a stimulating, high-growth career? In this post, I share some career paths for accountants: https://bit.ly/3smqq65

Check out these top tips for #Accounting graduates looking for ways to future-proof their careers -> https://lnkd.in/ewyCXj25