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(FS.2.01) Accountancy

[New] In the year 2026, there will be a 20% increase in the demand for financial specialists, accountants, and auditors.
[New] Employment of accountants and auditors is projected to grow 10 percent from 2016 to 2026, faster than the average for all occupations.
[New] For UK accountants, the trend of Open Banking poses many dizzying questions, not least amongst them how Open Banking will work in a post-Brexit future where the UK is no longer a member of the EU.
[New] Thousands of of people could be affected after officials refused their right to remain in the UK because of problems including missing tax deadlines and errors made by accountants.
[New] Accountants are considered most at risk from automation in the next 20 years.
[New] Another report yesterday forecast growing demand for computer security staff, data analysts, accountants and civil engineers in 2018.
[New] Automation will alter the work of accountants in the coming years but accountants will always have a central role in businesses.
[New] The 2016 Bureau of Labor Statistics Occupational Handbook expected the hiring of accountants and auditors to grow 11 percent in to 2024.
[New] A further 40,000 jobs and £18 billion of revenue could be indirectly lost from the "ecosystem" of lawyers, consultants and accountants who service the financial services industry after Brexit.
[New] Technology provides accountants and accounting firms the opportunity to unleash their full potential and repackage their services in the form of business advisory.
[New] Just as globalization has moved manufacturing jobs abroad, accountants face the risk of a shrinking pie for their core services.
[New] Professionals such as lawyers, accountants and auditors need to be much more aware of the risks they face when advising in business transactions.
[New] U.S. accountants and auditors are projected to add the most new jobs (142,400) of all the business and financial operations occupations.
[New] Most U.S. new jobs Accountants and auditors 142,400 Fastest growing (in percent) Personal financial advisors 29.6 Highest paying Personal financial advisors $81,060 Employment in business and financial operations occupations is projected to grow 8.4 percent from 2014 to 2024.
[New] Professional roles such as doctors, lawyers and accountants could be replaced by artificial intelligence by the year 2025.
[New] Of particular note in recent years has been the FDIC's aging US workforce; according to the Government Accountability Office, just over 31% of the permanent federal workforce will be eligible to retire within five years.
[New] In terms of region, North America accounted for the major Global Energy Management share in terms of revenue by holding 42% of the total market share in 2014 and is anticipated to reach USD19.24 Billion by the end of 2021 by expanding at a robust compound annual growth rate over the forecast period.
[New] The Global Waste management Market is accounted for $324.78 billion in 2017 and is expected to reach $643.84 billion by 2026 growing at a CAGR of 7.9% during the forecast period.
[New] Solar PV typically accounts for about 11 percent of total capital expenditures for mini grids, so a 39 percent reduction in its costs by 2030 would result in a 4.3 percent reduction in total upfront investment costs.
[New] The Treasury expects the ONS to classify the new structure - with its 2,700 per cent increase in cost for estates valued over £2 million - as a tax in the National Accounts.
[New] Indian economy is expected to grow a tad higher at 7.5 per cent in 2019-20 on account of steady improvement in major sectors, as government and private consumption remains robust and investment is steadily picking up.

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Last updated: 27 May 2020