Hey there! Sign in to join this conversationNew here? Join for free
    • Thread Starter
    Offline

    1
    ReputationRep:
    For money
    Offline

    17
    ReputationRep:
    Yes. accounting can be very beneficial!
    Offline

    1
    ReputationRep:
    Yes.
    • Thread Starter
    Offline

    1
    ReputationRep:
    (Original post by Lucarious30)
    Yes. accounting can be very beneficial!
    Have you had experience in this before?
    Offline

    12
    ReputationRep:
    (Original post by HodorHodor)
    Have you had experience in this before?
    yeah.
    Offline

    17
    ReputationRep:
    (Original post by HodorHodor)
    For money
    I do, deciding if I should get back into it!
    Offline

    17
    ReputationRep:
    If the question is considering earnings within the profession over say the next 30-40 years (a career) you do need to be mindful that like investments, past performance may not be a guide to the future.

    Currently computers/ the internet are making the profession less labour intensive e.g., the government's making tax digital programme (MTD) will likely result in significant changes and whilst quarterly reporting will likely initially increase work, in the longer term AI may well start reducing human input and involvement, once everything is digital the scope for AI increases massively.

    In additions whilst currently there is limited pressures from overseas accountancy providers ( in low cost countries) into the UK SME marketplace, their offerings will increase and I would expect further price pressure on fees which may curtail future earnings.(There is already a slight race to the bottom re fee levels, this will impact earnings)

    However I expect this trend will not just impact accountants, I suspect AI will make inroads over time into other professions, accordingly if you are starting out now you ought to consider where your chosen occupation/ profession might be in 10,20,30 years.
    Offline

    21
    ReputationRep:
    Yes the pay is very good, I heard.
 
 
 
Poll
Who is your favourite TV detective?
Useful resources

Articles:

Guide to finance and bankingGuide to accountancy

Featured recruiter profiles:

Deutsche Bank logo

Deutsche Bank is recruiting

"Thrive in an international banking environment"

ICAEW logo

ICAEW

"Choose a career journey with limitless possibilities."

Quick link:

Unanswered finance and accountancy threads

Groups associated with this forum:

View associated groups

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

Write a reply...
Reply
Hide
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.