Accounting is one of those information type jobs where technology doesn't
necessitate that it be kept here in the states and not outsourced over seas. The
fact it is still here quite likely means there is some legal reason.Accounting is a good field to major in until corporations the law changed that
it can be outsourced.
Michael Bérubé "Too many students (and their parents) think of
college as the place that will grant them the degree they need to work at X job.
The problem is, X job might not exist 10 or 20 years from now. Or X job might be
transformed into something else, something that requires critical thinking,
complex reasoning, and writing skills. When that happens, and it happens all
the time, humanities majors find that their degrees were good investments after
all - and that they are employable anywhere in the economy where there is
thinking to be done."
computers have drastically changed the way accounting is done today, and it will
continue to change. if you do go into it, be willing to keep current with
technology or you'll become obsolete quickly. In general if a
career requires education then the careerpath still requires expertise. The key
to a decent educational experience is to do something people don't want to
do, and do it best. Usually you find these areas of education because students
complain that the topic is "hard" to learn. If it's hard to learn,
you should be able to quickly reach a knowledge limit, a boundary where even the
educators in that field are stumped, or challenged by it. Then start asking how
you can make those areas easier or more accessible, and you'll likely have
reached a legitimate case for study and developing expertise that benefits all
of society.Even becoming an expert, one must continually strive to
make improvements or you'll become obsolete--because there are so many
tools these days that make the easy easier and automatic.
cjb and XelaDave,You guys must be fiction writers. Accounting requires understanding of the business you are working on. Humanities degree a good investment?LOL
Accounting is used to plan and measure most critical business functions. A good
understanding of accounting and finances opens up numerous opportunities.
Successful long-term businesses have great accounting support.
Educated parents will try to steer their children to a field that is in demand.
IT, Nursing, it sounds accounting, data management. Those who don't help
their children find the right areas will be be restricting their children to
lower earning potential and a rougher financial life.
@cjbI somewhat disagree. Right now there's no single
accounting standard for all corporations worldwide. Here in the US, the
Securities and Exchange Commission mandates certain rules for companies that are
listed on US stock exchanges. In Europe or Asia, those accounting rules are
different, so it would be very difficult to outsource jobs to India or China and
expect the same level of expertise in the application of US accounting
standards.Although there's no law stating that accounting jobs
must be retained here in the US, once there's a convergence of accounting
standards worldwide, it might be easier to outsource these jobs. However, given
that worldwide convergence has been discussed throughout the accounting
profession for at least a decade (probably longer), I doubt outsourcing will
really be an issue. These types of developments take forever, and even then,
it's likely that countries will have their own versions of international
accounting standards. I'm not holding my breath.--CPA in AZ
I am currently an accounting major at BYU and I do agree that I will have to
remain up to par on technology however, accounting is not simply adding and
counting. It's about logic. Finding the best scenarios and helping improve
the input and output. There will always be a need for this even as technology
...and Obama will be looking for more auditors to keep an eye on the compliance
of the unwashed masses.
I've been in accounting for 25 years. You'll always have a great job
with good pay if you are accurate, organized, detail-oriented and have a good
work ethic. You work side by side with the CEO and staff to help make informed
decisions on a daily basis. I can't imagine any company wanting to send
this type of work and responsibility out of the country. Even large companies
here sometimes try to consolidate accounting jobs to other states, and soon find
it is a mistake. As long as there is management, you need accountants by their
side if you want the business to be successful.
at Rational 1/7/13I know several people who majored in the
Humanities and some in accounting & finance. English Lit & Art History
majors are a bit off kilter but still more fun than the other group even after
their meds kick in.Here is something to ponder... With my Social
science degree, I was unemployed for 6 months in 2010. I know people w/
MBA's or work in financial services that have been or were unemployed
Per Rational;I wonder if the fiction you refer to was written by an
accountant? Probably not!Seriously, XelaDave nails it...**Or X job might be transformed into something else, something that requires
critical thinking, complex reasoning, and writing skills. When that happens, and
it happens all the time, humanities majors find that their degrees were good
investments after all - and that they are employable anywhere in the economy
where there is thinking to be done.**