Leaders, Dreamers, Interns & Go-Getters,
Most of us have been trained to think linear and local rather than exponential and global. Today, we are being forced to change our thinking about age-old challenges in the accounting profession (talent, workflow processes, technology and providing relevant real-time wisdom rather than just information).
Where will you and the profession be in 10 years? According to the Economist in 2013, there was a 94 percent probability that accounting and audit jobs as we know them today will be lost due to disruptive technology over the next 20 years.
The February 2016 edition of 24/7 Wall St., references the Bureau of Labor Statistics’ similar prediction that jobs in bookkeeping, accounting and auditing will decrease by at least 8.4 percent by 2024. We already see the early stages of new technology that eliminates data entry, coding and reconciliations.
As a result…
Some will probably choose to allow the gravity of the past to paralyze them while others will become future-ready. We believe accountants can go for both.
We believe it is an “and” proposition, providing the excitement and needed growth opportunities to attract excellence and leverage technology that allows you to work from anywhere and at any time. Work is what you do, not where you go.
An Accountant or Finance professional should move up the value chain, focusing on knowledge and wisdom.
Remember, companies are looking for “signals,” not “noise” when it comes to managing their business.
You can take one step forward to be a CPA US – The topmost Public Accounting qualification of the world demanded by all Big 4 firms and MNCs of next generation.
Article composed by Bhaswati Bhattacharya, Director Logic School of International studies.