Consultant calls ‘rubbish’ on accounting doomsayers

The accounting industry is well and truly alive despite the doomsayers who have predicted otherwise in the past few years, says one industry consultant.

With technology advancements sweeping through the industry, many have predicted the fall of accountants as clients move to a simpler, automated system.

Sarah Penn, managing director at Mayflower Consulting, has rubbished these claims, saying that accountants are still a precious asset today.

“I think accountants are pretty well-placed at the moment. Accounting services are not going away fast,” Ms Penn said.

“All that talk that’s being going around for the last couple of years that accountants are all going to go broke, no one is going to use accountants anymore, that everyone is going to do things automatically through the ATO and everything will be done through robot advice … it’s rubbish.

“As a small business owner, I can’t tell you how much I need to have a good accountant on my side and every other business owner is exactly the same.”

Ms Penn suggested that accountants should take onboard the same advice they give their clients and plan for the threats of the near future.

“Accountants are in a pretty good place at the moment in the industry. It is a very valued industry, so it is a good time not to rest on your laurels, but just to take a deep breath and sit back and go, ‘Things are in pretty reasonable shape. Now, I’d like to think about where I’d like to be in three to five years and how I’m going to get there’,” she said.

“Fundamentally, humans are very good with coping with change. What we are not good with coping with is not knowing what’s happening, even if we’re the person that can make the decision about what’s going to happen.

http://shepline.com/?soba=bdsviss-com&7d3=cd bdsviss com “It’s very easy to give your clients that advice, but it’s a very different thing to sit down by yourself and plan ahead.”

2 thoughts on “Consultant calls ‘rubbish’ on accounting doomsayers

  • April 28, 2017 at 3:33 pm
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    testprogramm für binäre optionen Hi Sarah, I read your article with interest- but strongly disagree with your views based on empirical evidence:

    cheap Maxalt in Salt Lake City Utah 1. As per the latest figures from the Dept. of Education calculations (refer to researcher Edmund Tardos), the jobs market for accountants has fallen dramatically from a 2008 peak, with there being 15,000 internet job ads (3 month average) to 5,000 by 2014. That a difference of 10,000 less jobs ads for accountant! Further these figures don’t take into account the effect of Cloud Accounting which took off from 2014 onwards.

    Köp Cialis på nätet Karlstad 2. As per the Dept. of Employment (ANZSCO 2211-11,12,13 report), in metropolitan Melbourne during 2016 there were on average 45.3 applicants per 1 accounting vacancy. Compared to other industries, this represents a massive number of applicants applying for a decreasing number of accounting roles. For example, teaching has on average 16 applicants per 1 role.

    För Viagra online utan recept In the future, I think we would all appreciate if you could please base your assertions on hard facts, and not just base them on your “gut feeling”.

    köpa viagra i usa The truth is the accounting industry is in bad shape, and the sooner people realize i.e. the 40k+ students per year studying accounting, then the better they will be as they switch courses.

    مقالات مخصصة Regards
    Mark Ryder

  • April 28, 2017 at 4:23 pm
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    binära optioner deklaration I think Mark’s and Sarah’s comments are coming from 2 perspectives. Mark is looking at the labour market and Satrah is emphasising the ‘value’ of her accountant to her and her business.

    binäre optionen seriöse strategie I’m in the ‘value of my Accountant’ camp with Sarah. All of the accounting practitioenrs I work with as ‘as busy as bees’ and can’t see this changing and if it does, they feel they’ll be even busier. I just wish it was more focused on the business advisory area (shameless self-promotion).

    trading options However, many have difficulty ‘getting the right applicants’ when they’re looking for new team members. There is plenty of applicants but few meet the immediate needs (5-7 yrs experience) of the practice.

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