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The alarm bells in accounting have been ringing for years: fewer people want to join – or stay – in the profession. The American Institute of Certified PublicAccountants (AICPA) said in its “2023 Trends” report that the percentage of accounting graduates fell 7.8% Pay a more attractive entry-level accountingsalary.
District Court judge in the Southern District of New York granted on Friday Deloitte LLP’s motion to dismiss a lawsuit brought under the Employee Retirement Income Security Act that was filed in October of 2021. Everyone knows publicaccountants don’t have time to riot. You’ve got this!
As you’re about to see from the salary reports we’ve shared with you over the past few months those rumors are in fact true. Let’s start with the salary guide to beat all salary guides: the 2022 Accounting & Finance Salary Guide from Robert Half. Senior tax accountant: 1.4%. Manager: 2%.
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When I talk to students about their biggest concerns in pursuing an accounting degree and a career in publicaccounting, they typically point to four misconceptions: lack of work-life balance, the difficulty of the CPA exam, lower pay compared to other financial career paths, and lack of excitement in the work.
In the process of writing this article, we asked ChatGPT to help out on the math of yearly accountingsalary versus hours worked because it’s better at math than anyone on the Going Concern payroll (which is not saying much). In publicaccounting, early progression is rarely based on merit, but rather on the passage of time.
From the JofA piece: One of the early warning signs that major changes in accounting education were needed came when major CPA firms reengineered themselves as “professional services” rather than “publicaccounting” firms. OH MY GOD this could have been written in 2022.
So when, as a sophomore in college, he told his parents he was going to major in accounting, they gave him what Bryan (which isn’t his real name) could describe only as “a look.” ” “An accountant?” “Why would you want to be an accountant?” ” he remembers his mother saying.
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