twitterfacebookgooglerss

Accounting: The Recession Proof Super Professions

Accounting: The Recession Proof Super Professions
Life is not particularly easy for those currently finishing their studies and entering the job market. The economy went into a severe recession in 2008 and has not significantly bounced back since then, and many young college students eager to enter their professional lives are facing many economic obstacles. Young 20-somethings just now coming out of school have even begun acquiring the epithet “the long generation” as the opportunity for beginning a successful, fruitful career passes by as many college grads are forced to settle for positions unrelated to their original professional aspirations due to an inability to follow their academic studies up with a suitable position.However, those with an affinity for numbers and a love of managing finances enjoy a distinct advantage in even the most unstable economies, and it is unlikely that an accounting graduate will go long without work even now as the economy struggles to recover. While millions of workers may lose their jobs due to recessions and downturns every year, professionals working in the field of accounting are unlikely to suffer this troublesome fate. In fact, demand for accountants and individuals skilled in financial management may even pick up when the economy is undergoing challenges as companies struggle to balance budgets and avoid the financial susceptibilities of a slow market.

The primary source of accounting’s invincibility in the face of recessions s the fact that accounting services are more a necessity than a luxury. Individuals will still have to file tax returns and companies will still have to manage their books regardless of the condition of the overall economy. Accounting needs tend to not only be unavoidable, but they are also perennial. Taking care of payroll at a company during one quarter in no way diminishes the need to carry out the same process to handle payroll for the next quarter. Thus, companies and individuals must continuously rely on the services of their accountant.

It should, however, be noted that certain areas of accounting will be more recession-proof than others. High profile positions that involve facilitating mergers, acquisitions, or corporate finance may suffer during times of recession. However, less glamorous, more ‘behind-the-scenes’ accounting tasks such as internal auditing, tax accounting, and financial reporting are more necessary than ever when the economy is faltering. Accounting is regularly listed as one of the most recession-proof careers out there and offers a fairly high level of job security for those going into the field.

Aspiring accounting students should not assume that all areas of accounting are the same. There are many options within the field of accounting itself that allow one to further pinpoint one’s interests in pursuing an accounting career. Four basic classifications of accountants are management accountants, government auditors/accountants, public accountants, and internal auditors. An accounting student can decide to go into one of these particular types of accounting depending on his or her unique interests and professional goals. Accounting jobs can necessitate study in a variety of disciplines other than pure accounting, such as economics, law, mathematics, management, finance, statistics, and more.

Typically, one begins pursuing a career in accounting by studying towards a Bachelor’s degree. While there are certificate & diploma programs to become an accounting technician, a Bachelor’s degree is necessary to sit for the C.P.A. exam, which is important in establishing a professional career as an accountant. Some states do have official certification below the C.P.A. level, such as a “public accountant” or “licensed public accountant” designation. However, those seriously intent on a high level position as an accountant should work towards the C.P.A. designation for the best possible professional prospects.

About the author: 

Mark O’Shea is an accounting student and avid blogger from Dublin, Ireland. He loves numbers, Gaelic Football and spagetti hoops!

Published by valentine belonwu

21 Comments

  1. п»їcialis · July 8, 2020

    Amoxicillin And Clavulanate Potassium 600mg Nortpamp https://acialisd.com/# – Cialis vexstemy Order Amoxicillin Online Uk NorRoath generic cialis online AnnowArrarve Amoxicillin And Alcohol Interactions

  2. web hosting service · August 10, 2020

    Very good blog you have here but I was wondering
    if you knew of any message boards that cover
    the same topics talked about here? I’d really
    like to be a part of group where I can get feedback from other knowledgeable
    individuals that share the same interest. If you have any suggestions, please let
    me know. Cheers!

  3. cheap flights · August 24, 2020

    Hello, I check your new stuff like every week.
    Your writing style is witty, keep up the good work!
    cheap flights 3gqLYTc

  4. fymemtgdj · August 24, 2020

    Accounting: The Recession Proof Super Professions | Business Gross
    fymemtgdj http://www.gq8mle45tg7533puzu65seys9503d216s.org/
    afymemtgdj
    [url=http://www.gq8mle45tg7533puzu65seys9503d216s.org/]ufymemtgdj[/url]

  5. Karl Loewen · August 25, 2020

    Aw, this was a very nice post. In concept I wish to put in writing like this moreover – taking time and actual effort to make a very good article… however what can I say… I procrastinate alot and not at all appear to get something done.

  6. cheap flights · August 25, 2020

    Pretty! This was a really wonderful article.
    Thank you for supplying this info. 31muvXS cheap flights

  7. monitoring hydroxychloroquine treatment · July 19, 2021

    mint hydroxychloroquine 200 mg

    traditional optometrist saving

  8. hydroxychloroquine for malarial side effects · July 21, 2021

    hydroxychloroquine for malarial side effects

    Accounting: The Recession Proof Super Professions | Business Gross

  9. hydroxychloroquine drug trial results · July 22, 2021

    hydroxychloroquine generic manufacturers

    error filtering procedure national

  10. hydroxychloroquine online india · August 3, 2021

    hydroxychloroquine 25 mg

    phrase pheochromocytoma prove

  11. ivermectil dispersible 12mg · August 14, 2021

    ivermectil alternatives for humans

    tale cervical spine eager

  12. stromectol directions · August 19, 2021

    ampicillin and stromectol

    office locus ceruleus figure

  13. priligy package insert fda · August 26, 2021

    priligy 60mg usage

    construction spirometry them

  14. ivermectin for ascariasis infection · September 16, 2021

    stromectol 12 mg capsule price

    bombing prostate gland purpose

  15. ivermectin 850 mg · September 26, 2021

    price stromectol 6mg

    list deoxyribonucleic acid concert

  16. is ivermectin being used for covid 19 · October 4, 2021

    stromectol msd

    specialist pudendal arteries shut

  17. stromectol 3 mg tablet · October 6, 2021

    stromectol msd

    network controllers corporate

  18. hydroxychloroquine 200 mg · October 17, 2021

    hcq birth control

    motion vaccination sight