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Here’s how to attract them to accounting: Make the education requirements for CPAs less onerous and expensive. Pay a more attractive entry-level accounting salary. The potential for accounting roles to require long hours for low compensation is not appealing to many possible entrants to the profession.
As the accounting profession continues to grapple with a shortage of new CPAs and fewer accounting graduates , an independent national advisory group has published six draft recommendations in a new report on what the profession can do to restock its pipeline with young talent.
In particular, you will want someone who is well versed in the Generally Accepted AccountingPrinciples (GAAP). GAAP is a set of accounting rules established by two private professional organizations overseen by the Financial Accounting Foundation. Experience You will want to make sure your accountant is experienced.
In particular, you will want someone who is well versed in the Generally Accepted AccountingPrinciples (GAAP). GAAP is a set of accounting rules established by two private professional organizations overseen by the Financial Accounting Foundation. You will want to make sure your accountant is experienced.
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