Career Research Report: Accounting Industry Trends, Skills & Qualifications

Career Viewpoint
CW1 – Career Research Report

Table of Contents
Introduction..........................................................................................................................................4
General trends influencing the chosen industry or profession.............................................................5
Globalization....................................................................................................................................5
Technology.......................................................................................................................................5
Data Analysis...................................................................................................................................5
Skills and knowledge required.........................................................................................................5
The required skills, experience and knowledge....................................................................................7
Personal Skills..................................................................................................................................7
Knowledge Required.......................................................................................................................7
Expertise..........................................................................................................................................7
Evaluation.............................................................................................................................................9
Interest.............................................................................................................................................9
Preference of this job.......................................................................................................................9
Emerging Role.................................................................................................................................9
Conclusion..........................................................................................................................................11
References..........................................................................................................................................12
Appendices.........................................................................................................................................13
Appendix 1: Primary Research Evidence......................................................................................13
Appendix 2: Relevant job advertisement ......................................................................................15

Introduction
This report aim are as follows:
 Analysing the Trends of the accountancy industries
 Collecting information on the skills, knowledge or expertise required
 Observing an advertisement and its consideration
 To gather more knowledge of the accountancy industry
 Identifying the importance of the job
This report will discuss the job of accountant professions and its advantages. It discusses various
skills or trends which is related to this profession. Also, why a person should get involved in this
industry. It will discuss an advertisement for a company which is providing job related to the
accountant profession and what are the qualification which will be required for this job.

General trends influencing the Accountant Profession
There are various trends in the profession of Accountancy which may have positive or negative
impact on the accountancy profession. Some of them are discussed further in the report.
Globalization
It has positive impact on the accountancy profession as it invites various new firms in the
country. This increase the demand of accountants which increase the opportunities and job mobility.
As the demand of accountants will increase the chances of entering into accountancy profession will
also improve for the new graduates (Norina, and Camelia, 2018).
Technology
There are various introduction of new technologies in the organization. This also includes
the accountant professions as there are various new technology which provide ease of work to the
accountants as they are provided accuracy and reduction in the errors. Technology helps various
businesses to avoid penalty related issue and other issues. This is beneficial for a fresh graduates as
they have knowledge of new technologies. This will create an opportunity for new graduates as
every firm will want those candidates who have excellent knowledge of accounting technologies
(Melnyk, and et.al., 2020).
Data Analysis
The industries are now focusing on the data analysis as technologies has made the
accounting easy. Accountants are now adjusting with their role as advisors which is opening various
new opportunities for them. This will also be benefit for the new graduates as it is now generating
more jobs.
Skills and knowledge required
 Global Market — The candidates should have knowledge of global market. It is because of
the globalization which is generating more opportunities for the candidates. The candidates
should know about the trends and innovation which are there in the global market. They
should know the pattern of accounting done for global market (Venter, Gordon, and Street,
2018).
 Technologies — The candidates should know about the working on the new technologies as
it makes the work easier. They should know how the work is done on those technologies as