Despite rapid and often uncontrollable changes within the labor market, accounting remains one of the areas that are represented by consistent demand. The current terns indicate that in the U.S., the demand for accountants within the labor market is going to rise continuously (Rebele & Pierre, 2019). By introducing uniform practices into the context of accounting, an increase in preparedness for the described trend can be expected.
By definition, the job of an accountant is quite versatile and complex. Rebele and Pierre (2019) explain that an accountant is an expert in keeping and analyzing financial records of an organization, as well as making future projections based on the collected data. The definition above suggests that, with the skills of an accountant, one can expect a robust career and a range of relevant opportunities. For instance, government and non-profit accounting jobs include the positions of job analysis and receivable clerks, as well as managers (Rebele & Pierre, 2019). In turn, public accounting jobs involve being an auditor, tax senior, and tax manager (Rebele & Pierre, 2019). Likewise, financial services involve career opportunities related to a variety of options linked to financial analysis and the associated positions.
In comparison, career opportunities for private accounting jobs range from analysts to accounting associates to banking analysts. The specified positions vary substantially in the range of requirements that employees must meet and tasks that they have to complete. However, each suggests managing a large amount of data and deploying analytical skills actively to be able to forecast core changes within the target financial setting (Rebele & Pierre, 2019). Therefore, the job of an accountant is exceptionally challenging and demanding high levels of responsibility.
Facilitating preparedness toward an increase in demand for accountants is possible by creating uniform standards for practice Specifically, the focus on a proper understanding of the role of accountants in the corporate setting must be sought. With the specified perspective in mind, one will facilitate proper financial performance of an organization. Thus, sufficient improvement in performance quality can be expected within the target organizational setting.
Reference
Rebele, J. E., & Pierre, E. K. S. (2019). A commentary on learning objectives for accounting education programs: The importance of soft skills and technical knowledge. Journal of Accounting Education, 48, 71-79. Web.