If you’re studying an accounting degree, chances are that you might have been told that the industry has gone digital. Whilst almost every profession is adapting to the perks and challenges posed by technology, you shouldn’t fear a thing. The future of accounting is one that has indeed harnessed the power of evolving technology. Where will you fit in? Read more below.
Many retiring accountants will make room for new recruits
Much like every job in the world, candidates nearing retirement will throw open the doors of opportunity for others looking for a break. Yes, it’s the “circle of work life” but that doesn’t mean that aspiring accountants should get too comfortable. There is still competition in every firm for those coveted spots when it comes to a promotion or being accepted to do articles. This means that you will need to get good results when studying your accounting degree. Your marks will help you stand out in a field that’s inundated with many hopefuls. Hard work will never become outdated, in fact it’s timeless, so you should always strive for it.
A new generation of accounting is here
Technology has meant that the industry is changing. Some old school accountants might try to fight this but the latest candidates will know that adapting to it is key. By learning how these new digital developments are enhancing the accounting realm, you will be able to understand and implement them. This will make you an indispensable part of a firm looking for talent that is with the times. Failure to adapt means that someone could easily outshine you. Don’t take the risk. As part of a student generation that has grown up with technology, this is something that you can definitely use to your advantage.
Aspire to more
From the tertiary provider you choose to the marks that you attain, you should always be aiming for higher goals. This will help you stay motivated and inspired to make your mark in your career. Part of setting goals for your career involves your personal goals as well. This is because achieving personal goals will often set the tone for your career aspirations. For example, if your dream is to be more disciplined with your exercise and healthy eating, the same discipline will rub off onto your study routines as well. This will help you in fostering habits that drive a successful career one day.
Always add to your skills
When it comes to learning about your chosen field, your studies should never end. Whilst we’re not saying that you should study more and more degrees, we are suggesting that you upgrade yourself continuously. This might be through research, blog reading, watching educational videos or even following those who inspire you on Social Media. As long as you are improving yourself on any level, you are moving forward. For aspiring accountants, we recommend learning more about the nature of digital and how it is shaping the accounting industry for the future.
Opportunities might be different going forward
In the past, everyone aspired to work for the big firms in the accounting realm. These days the bigger names are still esteemed but the smaller guys are becoming more appealing. This is because these smaller firms are also becoming important players in the accounting field. They’re also upping their game by using some of the cutting-edge software that global giants also rely on. These days, accountants can get the same experience working for a smaller firm as they would working for a bigger one. Some accountants even argue that they prefer a smaller firm because there’s less stress and more opportunities to learn.
It’s up to you
Yes, accounting is changing with the new innovations that technology brings but we know that you can handle it. By staying up to date with new developments, remaining positive and staying flexible, you can navigate and master any changes that come your way. For those truly passionate about accounting, the next phase of the industry is one that presents great excitement. It also brings new challenges to sharpen skills and embrace new opportunities. How well you stay afloat depends entirely on your work ethic.
It pays to be prepared
Your chosen accounting programme will determine your success in the industry. This means that a relevant and accredited degree is the first step towards the career you’ve been dreaming of. At The IIE’s Varsity College, The IIE Bachelor of Accounting has produced countless excellent accountants who can be found worldwide. It’s something we’re incredibly proud of and we strive to continue this trend. This SAICA (South African Institute of Chartered Accountants) accredited qualification also addresses the impact of technology on the accounting profession. This gives our candidates a clear understanding of the factors that impact their industry. As a result, they’re able to effectively adapt to these challenges and become an asset to their firms.
Look for that little bit extra
The difference between “good” and “great” is that little bit extra. It’s why we offer a world-class learning experience at our eight campuses across the whole of South Africa. We also provide our students with a state-of-the-art learning environment and lecture schedules that enable them to live balanced lives. With the added benefits of sport, social and charitable initiatives, there are a host of activities to choose from. Our lecturers also have experience in their respective fields of lecturing. This provides our students with real working world expertise alongside the theory in their textbooks. As a result, our graduates have a realistic overview of their chosen industry before they make their mark on it.
Your future starts now
For more on how The IIE’s Varsity College can take you further faster, please visit our website today. Should you have any queries or require additional information, please click on the “Call me back” option. Varsity College is an educational brand of The Independent Institute of Education (The IIE).