So I am coming close to completing my summer internship..


S

SA

And I am starting to become more and more pessimistic about the
outlook and future of the accounting & finance field. I know there
are a lot of cynical and generally pessimistic people in this
discussion group when it comes to the accounting profession and how
quickly it is fading away and becoming a dieing profession. But I
guess I am lucky enough I was given this chance to work as an intern
for this multi-million dollar company, even though it was your general
day to day clerical type assignments and duties I was doing (matching
and coding invoices, calling vendors, checking expense reports,
creating charts and tables from raw data, etc..). Considering that it
is next to impossible up here in Ontario to get any sort of job
without years of experience, I feel really lucky that I am probably
one of the few from our group of graduates who is doing something
related to accounting and not working in a gas station or retail store
this summer.

It might be a little too early for me to pass any judgment or draw any
conclusions since I am going back this fall semester to finish off the
4 courses I have left and graduate with a diploma. I am still
remaining worried and pessimistic that finding work will not be
possible, and whatever remaining accounting/finance jobs that will be
available will require high levels of expertise and experience (both
which I don't/won't have yet). So do I have a valid reason that I
think this field or profession is dieing rather quickly? And that my
3 years I took studying for this field will probably land me in a job
working in a convenience store or something? I guess I am getting
depressed as hell coming to realization that

A) A college diploma is meaningless versus a university education.
The only good thing about my diploma/college program is that I will be
more then halfway to getting my CGA designation (college grants 11
credits towards CGA). I couldn't afford to go through university, and
nor could my parents afford to help me out back then.

B) Even with 4 months of interning. It is not even close enough to
any sort of level of experience employers are looking for.

C) Majority of these jobs posted in job boards are farks/false. Most
are usual reposts that go on for months or a bunch of BS positions
that a company promotes to stay in a spotlight.

Any opinions or comments? To get a general idea, any accounting
professionals here currently out of work or generally share the same
outlook as I do? I guess the good thing is I am still rather young
(23 years old), but that does not mean I can/want to switch gears and
change professions or studies because I really enjoy this field (from
what I learned and gathered as an intern).
 
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W

Wayne Brasch

SA said:
And I am starting to become more and more pessimistic about the
outlook and future of the accounting & finance field. I know there
are a lot of cynical and generally pessimistic people in this
discussion group when it comes to the accounting profession and how
quickly it is fading away and becoming a dieing profession. But I
guess I am lucky enough I was given this chance to work as an intern
for this multi-million dollar company, even though it was your general
day to day clerical type assignments and duties I was doing (matching
and coding invoices, calling vendors, checking expense reports,
creating charts and tables from raw data, etc..). Considering that it
is next to impossible up here in Ontario to get any sort of job
without years of experience, I feel really lucky that I am probably
one of the few from our group of graduates who is doing something
related to accounting and not working in a gas station or retail store
this summer.

It might be a little too early for me to pass any judgment or draw any
conclusions since I am going back this fall semester to finish off the
4 courses I have left and graduate with a diploma. I am still
remaining worried and pessimistic that finding work will not be
possible, and whatever remaining accounting/finance jobs that will be
available will require high levels of expertise and experience (both
which I don't/won't have yet). So do I have a valid reason that I
think this field or profession is dieing rather quickly? And that my
3 years I took studying for this field will probably land me in a job
working in a convenience store or something? I guess I am getting
depressed as hell coming to realization that

A) A college diploma is meaningless versus a university education.
The only good thing about my diploma/college program is that I will be
more then halfway to getting my CGA designation (college grants 11
credits towards CGA). I couldn't afford to go through university, and
nor could my parents afford to help me out back then.

B) Even with 4 months of interning. It is not even close enough to
any sort of level of experience employers are looking for.

C) Majority of these jobs posted in job boards are farks/false. Most
are usual reposts that go on for months or a bunch of BS positions
that a company promotes to stay in a spotlight.

Any opinions or comments? To get a general idea, any accounting
professionals here currently out of work or generally share the same
outlook as I do? I guess the good thing is I am still rather young
(23 years old), but that does not mean I can/want to switch gears and
change professions or studies because I really enjoy this field (from
what I learned and gathered as an intern).
I would like to differ with your opinion that accounting is a dying
profession. Accounting is a dynamic and helpful concept for anyone who
wants to help others succeed in their business. Let me tell you for a
certainty that no computer or computer program can ever take the place of a
good accountant. Accountants should no longer be considered as financial
historians as they have been thought to be. With a knowledge of accounting
and a burning desire to truly help their clients, an accountant can make
much money. While making that money, they can help grow their clients'
businesses and with that growth the client will tell others about you and
your services. You'll never need to spend any money to advertise, if you
work the situation correctly. Satisfy your clients' needs and they will
tell others about you. I have been doing that for a long time now and have
never spent any amount for advertising. Did you know that a good accountant
can tell a business-owner with a 95% degree of accuracy whether or not they
will be bankrupt within three years from the date of a set of financial
statements? That accountant could then tell them specifically what they
could do to stop that downslide if the business-owner wants to stop it.

You need to rethink your opinions of accounting. Maybe you have never
talked to the right people about it.

Wayne Brasch, CPA, M. S. Taxation
 
T

Tippy

If its dying, someone forgot to tell us. Without the right people, the
processes aren't much good. There is no substitute for well-educated
accountants in major businesses and government.

BTW, I am aware of recent contract awards by the Federal government to CPA
firms-- so much money and contract work that they don't have enough people
and resources to do some of the work we would like them to do.
 
W

Wolfgang Rochow

Wayne Brasch said:
I would like to differ with your opinion that accounting is a dying
profession. Accounting is a dynamic and helpful concept for anyone who
wants to help others succeed in their business. Let me tell you for a
certainty that no computer or computer program can ever take the place of a
good accountant.
Agreed. However, computer programs can be developed, even by accountants, to
enhance internal controls and information management systems while also
"riding herd" on sloppy accountants.

Wolfgang Rochow, CGA
www.gestalt.com
(e-mail address removed) (remove contact to email)
 
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S

SA

Wow.. I did not intend to post the 2 messages AGAIN (since I had this
message posted about a year ago), I must have saved the messages and
re-sent them accidentally.

In any case, thanks to everyone who provided additional feedback to my
concerns and posting. I really appreciate all the info and knowledge
the contributors to this newsgroup provides.
 

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