Advice for young people who want to become accountants
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- čas přidán 7. 08. 2024
- As part of our Future Smart Parent series, I recorded this video with advice for young people who want to study to become an accountant, auditor or similar. It's an industry that's about to see tremendous change, and anyone entering it now needs to be prepared for tremendous change.
Honestly as someone who grew up with technology and just begun her 20s, gaining computer skills is no problem. I believe most of us Gen Z are already planning learning to code at home because there's a lot of free source material. And who wouldn't know technology better than those who grew up with it? Thank you so much for your advice sir, I really believe as long us we adapt with technology we will still exist as a profession. Luckily nowadays Accounting degrees always include Business, management and marketing modules. They just lack computer and coding modules which sucks. However us Gen Z are bound to get into them anyways with all the free material online, and just because it would not make sense to not know how to code when we live in a world that relies on technology.
Sounds like opportunities exist for tech minded accounting professionals. As long as taxation exists, accounting ain’t going nowhere
I agree.
Very insightful thanks
Very insightful, many thanks!
Really an eye opener
Thanks for this.
+❤️. Very insightful. 2nd year Accounting student
Talking abt accounting errors and auditor not seeing corruption. Here is my question. What is the cause and effect in this case? Accounting or auditing firms make errors, so companies go bust? OR, companies give wrong information, request accounting firms to do such of thing? Intentionally or unintentionally, only those big bosses behind the scenes know. =D there is nothing wrong to study accounting. With that skill, you can also be an investor, you know how to read financial reports of stock companies, and you know how well they are doing in their business.
Thank you sir
Invaluable advice right here.
Much thanks.
Can I ask for advice please? I am a 1st year accounting student in South Africa, but your video was areal eye opener. I have been stressing about automation and the regulation of accounting as a profession. I have 2 IT certifications: comptia a+ and network+. I love technology more than accounting, but my parents told me accounting would be more stable than IT. I am not the biggest fan of accounting either. Do you have any advice for me? Thanks
I'm not a professional yet, I just have a degree in accounting, however... as we are going into the age of IT and artificial intelligence, I do think IT may be a good route. (Especially if you like it more). What did you end up doing?
"my parents told me accounting would be more stable than IT" this is when u should stop listening to them. How the hell are they coming up to this conclusion when the whole world is geared towards technology? We live in the 21st Century.
Man , I wish I heard your talk before taking chartered accounting .
Couldnt agree more !
Is this still valid advice I am seriously thinking of doing accounts.
Priscilla, yes this is still good advice. Accounts is still a good profession to go into. Just do two things: make sure you include some courses that push you towards the digital side of the profession (maybe even do an online elective course in coding); and take some courses that push you towards the future of the profession (which will be a lot more about consulting, advisory and the future). All the best.
My name is Flomo Mulbah from Liberia that's my professions.
Thanks for the ideas and advices sir,can I get ur contact .I am Nnoko Fred from Cameroon an upcoming accountant
Check out my work and connect at www.graemecodrington.com
But what if people want to start their own business in the future? Isn't it wise for them to gain practical experience and skills doing accounting as a career?🤔, I'm kinda lost here!
Jennifer, if you have accounting experience, that is helpful in business no doubt. But if you don't have that experience, just hire an accountant.
You can take bookkeeping courses in college to know the basics or even just take entry levels managerial and financial accounting classes to run a small business
Accounting isn't going anywhere; IT systems need to be audited just as much, because if you put wrong information into an IT system, it's going to spit out wrong information. Same with AI. We just need to learn more IT and social/marketing skills, that's all.
Arthur, you're right. If the auditing, compliance and assurance parts of the business adapt to these new technologies, they'll still have lots of value to add.
This is the harsh advice your dad would give u
Every profession Can be replaced with AI
Accounting is in crisis? That's the summary here? Sir, any other profession you can think of that you could apply that generality to? Or what about other institutions in our society? Is the family in crisis? politics? education? religion? wow! so don't go into accounting because it's in crisis, what about medicine? art? law enforcement? politics? law? your negativity is sad.
You completely misunderstood and misheard the tone of the video. Maybe listen again, without being so defensive. (And PS, just because I talked about apples, doesn't mean I hate oranges. Like really. Chill.)
@@graemecodrington I apologize for my negative response, it was a reaction to your negative video about accounting as a profession.