Accountants Are You Prepared to Meet the Future?

July 17, 2018 by OSYB Staff

The accounting profession is changing rapidly and the accounting field will require deep and wide restructuring of its foundation, to meet the demands of the modern economy.  Change is inevitable.  Be mindful of the seismic changes and start investing time and resources to be equipped to meet the challenges and be ahead of the movement.

Here are some of the steps that Accounting Today shares to stay ahead:

• Spend a workable portion of time researching changes that are occurring in the marketplace that could affect how you operate and changes that your clients could be facing. Think about how these changes could impact you and your client.
• Then share this information with your staff and clients.  Start brainstorming ways to meet and engage with the future.
• Engage your clients in conversations with an intent to get to know them better.  As you connect with your clients and understand the industry they are involved with, slowly start sharing industry information with them that you have spent time researching. Your end goal is for them to gradually see you as not just a compliance provider but as a high-level advisor.
• Familiarize yourself with technology and understand how your company’s systems function, how you back-up the data and what level of protection you have.. Become familiar with your firm’s systems — how they run, how they’re protected, and how they’re backed up.  Most users use a minimal capacity of a system capabilities, work on improving your ability to harness technology.

These are just a few ways for you to ensure that you step into the future and not become a part of the past.

For more information:  Be the change accounting needs

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