Welcome to the age of the new breed of accountants, who are young, active, and come from different backgrounds. They bring a breath of fresh air to the numbers game.
Do you belong to Gen-Z? There has never been a better time to take advantage of these opportunities.
Young accountants, especially those from Gen-Z, are in charge of their careers and making big waves in the field as demand for their skills soars in a business world that is becoming more and more digital.
This new generation of accountants is more diverse than ever before, giving the profession much-needed new ideas and perspectives.
1. Using the Digital Advantage: Tech-Savvy Problem Solvers
Young accountants are rising to the challenge in a world where business moves at the speed of bytes. They know how the latest accounting software, blockchain, artificial intelligence, and other things work. They don't just add up numbers; they also figure out how to solve problems.
These young professionals are changing the way accounting is done by using their digital skills to make it more efficient, accurate, and insightful.
2. Infusing Diversity Into Numbers: Diversity and Inclusivity
It’s time for more diversity in the world of accounting. 2020 Integrated Post-Secondary Data Systems (IPEDS) data shows that only 7% of people who got Bachelor's degrees in accounting were Black and 13% were Hispanic or Latino. The numbers need to change.
As more young accountants from different backgrounds join the field, they bring different ideas and experiences with them. This sparks creativity, makes it easier to make decisions, and makes the accounting culture more open to everyone.
3. Green Accounting for a Better Future: Environmental and Social Consciousness
Young accountants today care about their communities and the environment. If you're passionate about making the environment better, you'll love how the field is moving toward sustainability. They are changing the way accounting is done by adding different shades of green to the balance sheets.
Welcome to the age of “green accounting,” where environmental, social, and governance (ESG) factors are front and center. These young professionals are helping businesses align their financial goals with the health of our planet. This is a win-win situation for everyone involved.
4. A Stable Career with Big Opportunities: High Demand and Stability
Want to talk about job security? From now until 2031, the U.S. Bureau of Labor Statistics (BLS) occupational outlook handbook says that there will be more than 136,000 job openings for accountants each year. This important information was provided to us by Accounting+.
When you add in the possibility of a good salary and many ways to move up in your career, you have a stable path that is both exciting and rewarding. Check out the best of both worlds here.
5. “Flexibility in the Face of Change”: Adaptability to Changing Regulations
In the constantly changing world of accounting, it's important to be able to adapt. Young accountants are the best ones to deal with the fast-changing rules and regulations in the field. They don't see these changes as obstacles, but as chances to grow and learn. They are leading the accounting field into the future by being quick and adaptable.
This is the time for all the young accountants and those who want to become accountants. Ask yourself, what can you bring to the table? Is it new ideas, tech-savviness, diversity, an awareness of the environment, or the ability to adapt to an industry that is ready for change?
Find out more about how a career in accounting can take you anywhere at Accounting+. So, what are you waiting for, Gen-Z? Join the group of people who are changing the future of accounting right now.
Frequently Asked Questions for Young Accountants
What is an old accountant vs new accountant?
“Old” and “new” here don't always mean “old” and “young.” Instead, they mean “approach” and “ability to change.” Traditional or “old” accountants spent most of their time crunching numbers and following the rules and practices of accounting.
On the other hand, “new” or young accountants are tech-savvy, can quickly learn new software and rules, and bring new ideas, such as a focus on diversity and the environment. They are good at accounting because they use technology and new ways of thinking to solve problems.
What to expect as a first-year accountant?
You can expect to learn a lot as a first-year accountant. Most likely, you'll start with tasks like keeping books, doing audits, and making financial reports. There will be a lot of math, but there will also be a lot of talking with coworkers and clients.
You'll get hands-on experience with accounting software and technology, and you'll start to understand how accounting fits in with other business tasks.
Is there a talent shortage for accountants?
Yes, there aren't enough good accountants out there. The U.S. Bureau of Labor Statistics says that until 2031, there will be more than 136,000 new jobs for accountants each year. Companies need young accountants who can bring new ideas, knowledge of technology, and the ability to change to their companies.
What is the difference between an accountant and a junior accountant?
A junior accountant is someone who is just starting out in the field of accounting. They usually help senior accountants or accountants with their work, which can include keeping books, making financial statements, and figuring out how much something costs.
On the flip side, an accountant has more responsibilities and may be in charge of the work of accountants who are less experienced. They are expected to handle more complicated tasks on their own, and they may be asked to help make important financial decisions.
Hello, I'm Ruby Galvez. I'm originally from the Philippines and have been a dedicated writer for HBCU lifestyle since 2012. My writing journey at HBCU lifestyle is more than just a profession; it's a heartfelt advocacy for the mission of Historically Black Colleges and Universities (HBCUs). As a college graduate, I'm deeply passionate about supporting first-generation college students and fostering diversity and inclusion. I firmly believe in empowering the next generation of student change-makers through education and awareness. Each article I craft is a step towards this goal, using my voice to inspire and enact change. Join me in this mission for a more equitable and educated world.
