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What Does Future Hold For Chartered Accountants? - Career - Nairaland

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What Does Future Hold For Chartered Accountants? by Abdul4trust1(m): 6:58am On May 28, 2017
To The Professional Accountants In The House. I Want To Know What The Future Hold For Potential Chartered Accountants And Newly Qualified Accountants In Nigeria In Terms Of Getting A Job As well As The Pay? Lalasticlala Help Me Take This To The Promised Land Because I've Keen Interest In This And Thanks In Anticipation.

5 Likes

Re: What Does Future Hold For Chartered Accountants? by Nutase: 7:29am On May 28, 2017
Space
Re: What Does Future Hold For Chartered Accountants? by obojememe: 8:20am On May 28, 2017
only God knows, cos some accounting and audit firms recruits from any field and trian its staff to carry out accounts and auditing wuth ease and also d use of accounting soft wares

5 Likes

Re: What Does Future Hold For Chartered Accountants? by Laird(m): 12:36pm On May 28, 2017
This is just my opinion; There will be less private Sector accounting Jobs in the Future because of avallable Automation accounting software and data/ numbers processing and analysis software.

You can still choose to study accounting if You wish sha
Re: What Does Future Hold For Chartered Accountants? by lastclaire4(f): 7:37pm On May 28, 2017
Laird:
This is just my opinion; There will be less private Sector accounting Jobs in the Future because of avallable Automation accounting software and data/ numbers processing and analysis software.

You can still choose to study accounting if You wish sha

Which automation tool? For any accounting software u are the one to use your brain to determine how u want an item to be treated. Then talking about accounting it is broad it not just about financial accouniting. Although I support your point that it is not necessary to study it in school.

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Re: What Does Future Hold For Chartered Accountants? by Abdul4trust1(m): 10:20pm On Sep 17, 2017
lastclaire4:


Which automation tool? For any accounting software u are the one to use your brain to determine how u want an item to be treated. Then talking about accounting it is broad it not just about financial accouniting. Although I support your point that it is not necessary to study it in school.
what Will Be The Pay Of A Chartered Accountant In An Average Company?
Re: What Does Future Hold For Chartered Accountants? by bolafez(m): 7:29am On Sep 18, 2017
good
Re: What Does Future Hold For Chartered Accountants? by Profcamsey(m): 7:29am On Sep 18, 2017
Accounting kwanu? Softwares have taken over Accountant go and rest.

2 Likes

Re: What Does Future Hold For Chartered Accountants? by chronique(m): 7:30am On Sep 18, 2017
Well, I think chartered accountants in Nigeria should start learning new skills as the market is quite saturated. I noticed this as far back as 2007/08 when I was still writing my ACCA(which I had to leave partially to go hustle). I noticed there were too many chartered accountants around me then, who had the misfortune of earning peanuts just to survive(although, most of them were ICAN chartered). The trend then, was for any accounting student, to register for ICAN/ACCA but very few companies could absorb all the ACAs coming out. Most of them ended up in small audit firms. I know a guy who used to earn 30k then, and was working on the island, and was married with kids...

I intend to go back to finish my ACCA just so I can have the certificate but not necessarily to use it in looking for a job. Most chartered accountants end up as auditors and to be sincere, I do not like the auditing part of financial accounting cos I see it as boring. Chartered accountants should look at getting other skills.

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Re: What Does Future Hold For Chartered Accountants? by HenryDion: 7:30am On Sep 18, 2017
Hmmm.. When we talk about jobs that will soon leave the hands of humans, we talk about accountancy. Op, while still looking for that placement, make sure you have something else doing to help yourself financially. Visit my signature for business ideas.
Re: What Does Future Hold For Chartered Accountants? by Nobody: 7:34am On Sep 18, 2017
obojememe:
only God knows, cos some accounting and audit firms recruits from any field and trian its staff to carry out accounts and auditing wuth ease and also d use of accounting soft wares
One thing is to understand software another is to understand the accounting procedures, rules, ethics. Without accounting knowledge, you just wasting your time operating software

3 Likes

Re: What Does Future Hold For Chartered Accountants? by Jerryojozy(m): 7:34am On Sep 18, 2017
Without the ethics, standards and procedures you are wasting your time operating the software. Besides accounting has many branches such as audit, management, taxation etc. Haven't seen a software that audit a company.


Genius J

5 Likes

Re: What Does Future Hold For Chartered Accountants? by xpizzy(m): 7:35am On Sep 18, 2017
This has been the practice from time. They want to get the best brains.


obojememe:
only God knows, cos some accounting and audit firms recruits from any field and trian its staff to carry out accounts and auditing wuth ease and also d use of accounting soft wares

1 Like

Re: What Does Future Hold For Chartered Accountants? by Sezua(m): 7:36am On Sep 18, 2017
Profcamsey:
Accounting kwanu? Softwares have taken over Accountant go and rest.
Do softwares run themselves? Accounting has moved beyond merely recording transactions.

1 Like

Re: What Does Future Hold For Chartered Accountants? by fait10(m): 7:37am On Sep 18, 2017
OP there is opportunity at fedral republic of biafra shocked shocked shocked
Re: What Does Future Hold For Chartered Accountants? by Nobody: 7:38am On Sep 18, 2017
Profcamsey:
Accounting kwanu? Softwares have taken over Accountant go and rest.

Trash. Accounting softwares cannot operate themselves. They're just there to make your job easier.

And there's audit and taxation.

Op, don't let illiterate persons lead you astray.

If you're not an accountant or a budding accountant, this thread is not for you.

3 Likes

Re: What Does Future Hold For Chartered Accountants? by xpizzy(m): 7:39am On Sep 18, 2017
To a large extent many automation tools can post recurrent transactions and would only need an accountant to run end of month e.t.c.

What accountants have to fear is that a lot of non-value-added services would surely be replaced by automation.

Having said that the future of accountants lie in their ability to be experts in data analysis, AI, e.t.c and more importantly being able to add value to your clients.

lastclaire4:


Which automation tool? For any accounting software u are the one to use your brain to determine how u want an item to be treated. Then talking about accounting it is broad it not just about financial accouniting. Although I support your point that it is not necessary to study it in school.

2 Likes

Re: What Does Future Hold For Chartered Accountants? by Esseite: 7:40am On Sep 18, 2017
Truthfully... with the way Nigeria is evolving, where fake audits are stamped on by chartered accountants backed up with bribe for acceptance at the neccessary bodies, it would only get to a time we would have too many accountants begging for jobs because of less companies to audit.. its happening already, get to one or two audit firms... they are all into TAMA auditing shops except you have the right legs..

4 Likes

Re: What Does Future Hold For Chartered Accountants? by ziggyzee: 7:40am On Sep 18, 2017
In my final year in the University, as an accounting student, I realized there was no special selling point in the accounting profession so I quickly changed my gear soon as I graduated and specialized in a more rewarding skill that will reward my parents investments.

2 Likes

Re: What Does Future Hold For Chartered Accountants? by Nobody: 7:41am On Sep 18, 2017
Abdul4trust1:
To The Professional Accountants In The House. I Want To Know What The Future Hold For Potential Chartered Accountants And Newly Qualified Accountants In Nigeria In Terms Of Getting A Job As well As The Pay? Lalasticlala Help Me Take This To The Promised Land Because I've Keen Interest In This And Thanks In Anticipation.

My question is: what do you as a person love to do? What drives you?
Re: What Does Future Hold For Chartered Accountants? by Jerryojozy(m): 7:43am On Sep 18, 2017
Nazeren:


Trash. Accounting softwares cannot operate themselves. They're just there to make your job easier.

And there's audit and taxation.

Op, don't let illiterate persons, like this one, lead you astray.

If you're not an accountant or a budding accountant, this thread is not for you.
Don't mind @ profcamsey he has myopic knowledge in the accounting world. Sage50 cannot operate itself. Accounting knowledge is required to set up the software. Chart of account, receivables, etc


Genius J

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Re: What Does Future Hold For Chartered Accountants? by Abudu2000(m): 7:43am On Sep 18, 2017
Maybe

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Re: What Does Future Hold For Chartered Accountants? by Geestunnar(m): 7:45am On Sep 18, 2017
Abudu2000:
For me o, I may not in that field but I think those already in there knows how less promising the future is for them. Going to two years no I haven't entered any banking hall again.... that's proof of much more job loss
Aside you, loads of people still use banking halls. You are definitely not everyone

1 Like

Re: What Does Future Hold For Chartered Accountants? by Melonny(m): 7:46am On Sep 18, 2017
Chartered Accountants ain't Accounting graduates. I read a report that 1000+ companies were registered in 6 months. these companies needs finance and accounting Dept.
Can softwares perform business analysis? Can they give tax advice? Can they give leadership and directions?
Being chartered ain't only about becoming a financial accountant but a professional in other fields like specializing on financial analysis, audit, tax etc

9 Likes

Re: What Does Future Hold For Chartered Accountants? by xpizzy(m): 7:47am On Sep 18, 2017
You are correct to a certain extent that 'judgement' is required in areas like Audit and Tax, but already artificial intelligence is being used for tax advisory in Australia. Deep learning and artificial intelligence can allow machines to imitate out thought process.

In audit, Big Data is being used around the world to identify trends , possibility of frauds , mistatements, creative accounting and the whole shebang.

So accountants need to be experts this days and 'add value' the 'machines' are coming and we need to be prepared

Nazeren:


Trash. Accounting softwares cannot operate themselves. They're just there to make your job easier.

And there's audit and taxation.

Op, don't let illiterate persons, like this one, lead you astray.

If you're not an accountant or a budding accountant, this thread is not for you.
Re: What Does Future Hold For Chartered Accountants? by Jerryojozy(m): 7:47am On Sep 18, 2017
Abudu2000:
For me o, I may not in that field but I think those already in there knows how less promising the future is for them. Going to two years no I haven't entered any banking hall again.... that's proof of much more job loss
Accounting profession is more to bank hall. Any body can work in the banking industry. Don't use this premise to derive your conclusion about accounting profession.


Genius J
Re: What Does Future Hold For Chartered Accountants? by thorbar(m): 7:49am On Sep 18, 2017
STATISTICS ti take over, Accounting o ja wo mo
Re: What Does Future Hold For Chartered Accountants? by Abudu2000(m): 7:49am On Sep 18, 2017
Geestunnar:

Aside you, loads of people still use banking halls. You are definitely not everyone
maybe for those outdated business men

1 Like

Re: What Does Future Hold For Chartered Accountants? by lanre9ja(m): 7:51am On Sep 18, 2017
Jerryojozy:
Without the ethics, standards and procedures you are wasting your time operating the software. Besides accounting has many branches such as audit, management, taxation etc. Haven't seen a software that audit a company.


Genius J

You just made my day . Accounting is not a course u just develop in and learn in day . it has many branches. ' in layman brain can be place with program'
Re: What Does Future Hold For Chartered Accountants? by xpizzy(m): 7:52am On Sep 18, 2017
It might interest you to know that Nigeria has < 50,000 (Dead and Living) Chartered Accountants to a population of 200 million Nigerians. So is the future of the profession bright? I'd leave you to decide

Abdul4trust1:
To The Professional Accountants In The House. I Want To Know What The Future Hold For Potential Chartered Accountants And Newly Qualified Accountants In Nigeria In Terms Of Getting A Job As well As The Pay? Lalasticlala Help Me Take This To The Promised Land Because I've Keen Interest In This And Thanks In Anticipation.

1 Like

Re: What Does Future Hold For Chartered Accountants? by Abdul4trust1(m): 7:53am On Sep 18, 2017
xpizzy:
It might interest you to know that Nigeria has < 50,000 (Dead and Living) Chartered Accountants to a population of 200 million Nigerians. So is the future of the profession bright? I'd leave you to decide

i Get It Now.
Re: What Does Future Hold For Chartered Accountants? by Jerryojozy(m): 7:57am On Sep 18, 2017
lanre9ja:


You just made my day . Accounting is not a course u just develop in and learn in day . it has many branches. ' in layman brain can be place with program'
You welcome bro. Many thinks operating accounting software is all about accounting profession.


Genius J

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