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5 reasons why the world needs accountants more than ever

  • Article
Hand operating a calculator

It’s pretty safe to assume that there’s a strong demand for healthcare providers and front line staff workers right now. Whilst this is very true, it’s also the case that we really need more accountants. Let us tell you why.

1. They will help businesses recover

It’s been a really tough time for businesses, and many have struggled to the point that they’ve had to close or really restructure their organisation. Accountants are vital to reassess their finances and see where and how they can rebuild.

Clever accountancy is going to help the economy adapt and thrive - not just in the UK but around the world.

2. They can help businesses become global

Small businesses are no longer restricted to their immediate area, or country. They can now be global in a click of a few buttons. But they need accountants with a worldwide understanding of finance. With global expansion comes currency exchange, more suppliers, and new ways to pay and get paid.

3. Accountants can combat climate change

It sounds mad but it’s true. The current global GDP is roughly $87.55 trillion. A citi study* from August 2015 found that an increase of 4.5°C in global temperatures could shrink the GDP to $72 trillion.

The Paris Agreement aims to create a global framework by limiting global temperature increase to less than 2°C. 189 countries have signed the agreement.

Accountants are essential for mitigating climate change. They will have to step in by creating awareness of climate-smart policies and embracing renewable energy within their businesses and clients. By focusing money on the right areas, analysing how businesses deal with waste and industrial processes, accountants can combat climate change.

Planet sustainability is inextricably linked to business and financial sustainability.

4. Small businesses rely on good accountants

All around the world, from car dealerships in the UK to leather bag makers in Cape Town, businesses need accountants to be successful. Business owners often regard their accountants as an irreplaceable part of their organisation.

They rely on them for reporting, best practice advice, guidance for international sales, and all the financial aspects that they don’t want to get bogged down by. They want to focus on what they do best, and leave the numbers to their accountants.

There’s never been a tougher time for small businesses, and it’s the accountant that they look to to ensure they can still buy, borrow, pay their staff, and function.

5. They can bring joy and comfort

Imagine you’ve found the solution to your business’ financial problems by sourcing a new eco-friendly supplier, that has a discount for repeat businesses and a pact to be greener?

Win for you, win for your stakeholders and the business. There are many areas that accountants can contribute to, and reap the rewards. It’s not just number crunching - it’s finding exciting, new ways to grow and develop businesses, and keep them going for a profitable future.

Interested in changing the world, and your career?

You don’t need any experience in accounting to get started. Have a look at AAT if you’re just starting out, or if you’ve been working in accounting and want to boost your career, check out our ACCA and CIMA pages for more information.

*citi - Energy Darwinism II