Accounting is changing forever The AICPA recognizes that accounting is no longer just about number-crunching. It's a strategic business role. So they're redesigning the CPA exam to reflect this transformation. From 2024 on, the CPA exam will have new technology-focused domains. It will also offer disciplines like data analytics to attract more talent. At the same time, firms are stepping up talent advancement. Major networks like KPMG have programs to help candidates pass the CPA while earning a salary. They know that training internal talent is key in today's market. Other firms offer sponsorship for relevant certifications too. Technology is also helping address the talent gap. Tools that automate routine work like data entry are freeing up accountants' time. Now they can focus on higher-level strategic tasks. This makes the role more engaging for the upcoming generation. While the fundamentals remain, accounting is without a doubt changing at a rapid pace. Through technology adoption and focused talent initiatives, the profession is future-proofing itself for tomorrow's world. The bottom line is - accounting is a lucrative, in-demand career. And both professional bodies and firms are working hard to showcase this to attract new talent. This is great! But it’s going to take longer to get scores in 2024. That's because the AICPA will need more time to evaluate and score the new exams.
Accounting is changing forever. Howard
In 2024, accounting is more than the data crunching, it's about storytelling.
Thanks for giving me this info!
Thanks for posting!
As a senior or C-Level accounting executive, I probably spend 1/3 of my time interacting with technology partners (internal and external) working to better manage and utilize data. The old days (20 years ago) was about knowing the numbers. Much of an accountant’s role today is GETTING the numbers.
Interesting, thank you, it seems that CPA is going to develop towards higher complexity same as ACCA, which already contains similar sections dedicated to financial and general management
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1moWhen I started at KPMG in 2008, they offered first-year associates the first summer off (10 weeks), paid, to secure their 150 credit hours and study for the CPA exam. I took the onsite CPA prep program at UC Santa Barbara when they held it on campus...not a bad summer on the beach and I came back a CPA.