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What is the future of Accounting industry in relation to job opportunities?

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Job Outlook

Employment of accountants and auditors is projected to grow 6 percent from 2018 to 2028, about as fast as the average for all occupations. In general, employment growth of accountants and auditors is expected to be closely tied to the health of the overall economy.

Are the accountants happy with their current job?

Accountants make a pretty good living, and they have a lot of job security. After all, as long as people make money, they’ll need other people to handle it for them. … The Bureau of Labor Statistics projects 10.0 percent employment growth for accountants between 2016 and 2026.

What are the biggest challenges facing the accountancy industry today?
  1. Finding talent. Qualified and new accountancy entrants are in high demands across the sector. …
  2. Client service. Online reviews have made client service more important than ever. …
  3. Automation. …
  4. Technology. …
The 4 biggest accounting challenges today are as below.
  1. Tax Cuts and Jobs Act implementation continues. …
  2. Automation and AI are taking over more traditional accounting duties. …
  3. Accountants need to diversify their skills. …
  4. Cyber security is becoming a bigger priority.

Now the question is whether AI will replace accountant’s job or not. In fact, according to leading research firm, Gartner, AI is set to create more jobs than it will replace, leaving workers, including accountants with options. Accountants don’t have to worry about their job being replaced by AI any time in the near future.

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