Employment
Bean-Counters No More
As you have undoubtedly figured out in your studies thus far and in Acct 320 in particular, accountants and other business professional require an increasingly broad base of knowledge. There is an interesting piece on the Finance and Commerce website that discusses this need for knowledge.
Chief financial officers interviewed said they expect issues outside of traditional accounting functions to occupy 40 percent of a senior-level accountant’s time five years from now (up from 36 percent currently). More than one-quarter (26 percent) of respondents said these issues would require as much as 50 percent of a senior-level accountant’s time in the coming years.
Metropolitan State’s Grover Cleveland is quoted as well:
As CPAs’ roles have expanded, so has accounting education, said Grover Cleveland, a professor of accounting at Metro State University. “The amount of material accounting students are expected to learn has been getting larger and larger.”
As the economy picks up steam, it seems that those in the know expect the demand for CPAs and other finance professionals to exceed the supply. This should be good news for those of you graduating in the coming year or two.
Read more at Finance and Commerce:
Accountants on the Front Lines of Firefighting
For some time now, the AICPA has maintained a website called Start Here, Go Places that emphasizes the fact that real-life accountants don’t all sit in boring, quite cubicles working on spreadsheets and methodically punching adding machine keys all day. Those efforts are supported by a front-page Wall Street Journal article that details the importance of accounting/finance professionals to the fire-fighting efforts in California. Managing/measuring costs are central aspects to nearly every industry and fighting wildfires is not exception.
Back at fire base camp, Mrs. Fork’s U.S. Forest Service team calculated the laundry bill. On Sept. 5, 1,914 pounds of clothes were washed, at a cost of $1 a pound, plus $2,150 a day for washers and dryers.
Mrs. Fork oversees a team of 13 who track every penny spent on the massive effort, from a rolling medical center ($2,900 a day), to an outdoor bank of 12 sinks ($2,600 a day). They also make sure every firefighter is paid. The bean counters live and work alongside firefighters in sprawling fire camps, sleeping in tents, waking before dawn and showering in a tractor-trailer.
“Long after the fire is out, you’ll still be dealing with the finance side,” said Station fire commander Mike Dietrich. “Bills have to be paid. And you have to figure out who’s paying.”
The variety available to people pursuing accounting work is seemingly endless. If you are a person that “can’t imagine sitting at a desk all day,” an accounting career could still fit your lifestyle.
In Fighting Wildfires, They Also Serve Who Keep the Books — Mrs. Fork’s Band of Bean Counters Lives, Works In Firefighter Camps; ‘Mommy, Nana’s at a Fire’. Tamara Audi. Wall Street Journal. (Eastern edition). New York, N.Y.: Sep 16, 2009. pg. A.1
Accounting & Auditing Student Conference
If you are interested in networking with potential employers and/or are considering a career in the accounting field, you may want to attend the upcoming Accounting & Auditing Student Conference at the Minneapolis Convention Center. This one day conference will be held on Tuesday, September 29th. According to the conference website, there will be representatives from over 50 accounting employers in attendance.
For more information visit the link below:
Employers Cautious About Hiring More Accountants
Perhaps not surprising news, but potentially depressing nonetheless that employers are not planning on adding to their accounting staffs in the near term. Maybe at this point in time we should at least be happy that they aren’t looking at massive cuts.
Number-Crunchers Needed
The Economist published something today to their website indicating the need for accounting/finance professionals continues to be strong, especially in Asia.
THE humble accountant is in high demand. Despite the rising ranks of the unemployed, many companies still suffer from a shortage of skilled finance and accounting staff, according to a new survey of 4,800 hiring managers by Robert Half International, a recruiting firm.
Accountants. Number-crunchers needed. May 25th 2009. From Economist.com
More Internship Links
Here are some more links that may be helpful if you are searching for an internship opportunity. Good luck!
http://www.metrostate.edu/msweb/community/ccbl/intern/index.html
http://www.metrostate.edu/msweb/community/ccbl/intern/links.html
Companies That Offer Internships
From time to time I am asked by students if I know of any companies that offer internships. In addition to the programs administered by Metropolitan State University the MNCPA maintains a list of companies that offer internships on their website. Each employer listed has at least one primary contact that you can email or phone for more information. Good luck!
http://www.mncpa.org/career/acguide-accounting-internships.asp