Back to the future

Date: 21 August 2013

Great article by Leon Gettler about the accounting industry having a bit of a mid-life crisis.  Gettler predicts,  and I completely agree,  tomorrow's accounting firm will go back to its roots in management accounting. 

What's management accounting?

  • Business management mind-set rather than tax-accounting-compliance mind-set
  • Consistently deliver services that drill into core non-tax issues
  • Collaboratively work with clients
  • Cloud accounting will be the new normal
  • Accountants will truly be the external CFO
  • Practical advice on business management

What will an accounting firm of the future look like?

  • Tomorrow's accounting firm will look nothing like what it is today
  • Broaden their employee base and skill set
  • Broaden their service base to include HR,  IT,  marketing & management consulting
  • The internet will be at the heart of any service
  • Not compliance based


CV for the accountant of the future!

  • Communication skills for high quality engagement
  • Good at tax but better around business management and business advisory
  • Great with technology
  • Can help clients to run their business
  • Has the courage to make business owners accountable to their business plan

Want to know more?  Give me a call.  Cheers, Peter Tolan

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