The skills shortage and footloose accountants

Filed in archive Accounting by leon on August 8, 2006

The skills shortage for accountants is now a global problem.

There are now eight key markets looking for accountants: Australia, Canada, China, Eastern Europe, India,Japan, United Kingdom and United States, reports CFO.com.

China is interesting, because it has been known as the "land of the missing accountants", something going back to the Cultural Revolution's war on capitalism when accountants were among the hundreds of thousands of professionals who were denounced, sent off into exile or even killed. It's also something I have blogged on.

There is no quick fix because training and experience takes time. But given the supply and demand situation, it also explains why the beancounters are cashing in.

Related Entries:

CIOs Prepare for Worker Shortage - 10 February 2005
The compliance treadmill. - 28 December 2005
The beancounters cash in - 27 March 2006
Business Skills key for IT - Silicon.com Skills survey 2006 - 06 June 2006
Real Skills vs Fake Skills - 05 October 2007

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Vote for The skills shortage and footloose accountants:

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Rating: 9.25 out of 4 vote(s) cast.

Response from: Abdirahman (01/29/09 5:11am)

I am have BA in accounting, and I have no job at the all, I think we Africans live different world, why God created the black man, all he does is suffering, no matter what learnt,

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Response from: news.fatpitchfinancials.com

Response from: Accounting for a Detoured Economist

It never fails. At my firm the end of August means two things; the beginning of the busy audit season (we specialize in government audits) and a massive race for staff to resign. With twelve to fifteen staff level accountants at our office, when th...