Here’s what you need to know
CHICAGO, IL, April 25, 2022 /24-7PressRelease/ — The featured cover story of New Accountant, is entitled “Becoming an Accountant in 2022? Here’s What You Need to Know“. This informative article is written by Jeff Thomson, CMA, CSCA, CAE and President and CEO of IMA (Institute of Management Accountants).
The article starts by explaining why and how the accounting profession landscape is changing in 2022, namely citing the pandemic as the catalyst for these changes. Since remote working has become so prevalent, shifting traditional accounting to more automated accounting. Accountants will also be looked to for aiding in the business recovery of the “Great Resignation” and help struggling business get back on track.
One new way in which accounting is shifting in 2022 is through the growing area of ESG (Environmental, Social & Governance), and sustainable business management, which requires accountants to apply their interdisciplinary skills. Also, DE&I (Diversity, Equity &B Inclusion) is now imperative in any business, as studies show that a diverse, equitable and inclusive talent pool creates sustainable growth and value in organizations.
The article goes on to answer the question, “Why Accountants?” and the response is that since the accounting profession has long stood for ethics and value creation, this is the year for this to come to the forefront, according to the author. “Business leaders are placing their trust in these professionals to ensure their organizations take the right steps needed to fulfill priority areas and withstand large periods of uncertainty in 2022,” writes Thomson.
He goes on to expand on the ways that New Accountants can prepare for this. In one word, it’s called “upskilling”. This is vital at the beginning and throughout your career but also, if accounting professionals are planning to become a certified professional and earn continuing professional education credits annually. One of the most surefire way to do this is through the CMA (Certified Management Accountant) certification, which is interdisciplinary and captures competencies in accounting, finance, operations, technology and analytics.
Since more chief financial officers are now viewed as “chief value officers” as they have a major role to play in protecting and adding value to organizations, these competencies are crucial for anyone entering the field of accounting.
Overall, future accountants must possess more than technical skills to remain relevant – interdisciplinary expertise that drives sustained business performance for businesses serving multiple stakeholders, such as strategy management, data analytics, supply chain management, ESG and DE&I) are also necessary.
Published since 1985, New Accountant is a professional print and digital publication edited for college accounting students and accounting professionals to prepare for a career in accounting, auditing and industry. For more information, please visit NewAccountantUSA.com; email [email protected]
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