Publications Keying In

 

Keying In
March 2005, Volume 15, Number 4

Accounting for Today and Tomorrow
"Byrnes is referring to the popularity of accounting as a choice career. In the 1990s, accounting enrollments significantly decreased. Yet in the years between 2000 and 2003, enrollments in accounting programs increased 17%. A recent survey cites accounting as the number one college major (National Association of Colleges and Employers, 2005).
"This is a definite turnaround, and there is every indication that the increase will continue," says Bea Sanders, director of academic and career development for the American Institute of Certified Public Accountants (AICPA). Some of the turnaround stems from the accounting reforms sparked by scandals like Enron. For example, the Sarbanes-Oxley Act of 2002 created new reporting requirements for companies, increasing the demand for trained accounting professionals. The rest of the turnaround is the aftermath of the 1990sā€™ decline in enrollments (at that time, students were chasing careers in personal finance and technology). Suddenly accountants were in short supply.

This is good news for accounting professionals, for accounting teachers, for students of accounting who aspire to a well-paid and satisfying career (public accounting salaries range from $35ā€“175K; corporations pay even more), and, of course, for the AICPA, which educates and advocates on behalf of the profession."

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Catalog No. 135.94