Learn More About The Competency CrisisTM
Accounting and finance departments globally are reaching a tipping point. The demands on these departments are numerous: slash costs, instill financial discipline within the business, and partner with operations to deliver value for the organization – all while keeping pace with a rapidly evolving regulatory environment and its heightened emphasis on managing risk. But the right talent to meet these demands is scarce. The profession is changing. New competencies are needed. You play a vital part in developing them.
Stay focused; study hard; get good grades; and lucrative employment offers will follow. Not exactly. The accounting and finance profession is complex and what you learn in school may not be enough for the long term.
Jobs, particularly in management accounting, are open for the right candidates. But you need the right skill set to land the interview – and the cubicle (the corner office comes later). Don’t let the accounting competency crisis keep you from a better career. Educate yourself about the problem and be part of the solution.
Turbulence has become a constant. The business environment and the accounting and finance profession are continually changing and evolving, which in turn has raised the stakes and expectations for academics. Undergraduate accounting and finance programs are challenged to stay current and do not always provide students with the skills they need to thrive in the long term. We, the accounting and finance community, can’t sit idly by witness to this persisting issue. With your help, we can ensure today’s accounting graduates have the competencies that are critical to become tomorrow’s business leaders.