AIB-9 The Growing Gap in Accounting Professional Availability
Abstract
Topic: The Growing Gap in Accounting Professional Availability
Faculty Mentor: Dr. Elizabeth Cole
University: University of South Carolina Upstate
Student: Nagaswarna Yalamarthi
Abstract
The past twenty years have seen a remarkable trend in the number of accounting professionals declining, which has prompted research into the underlying factors. This analysis uses data collected over the past 20 years to break down the various causes that have contributed to this decline. Accounting scandals, changes in the pay scales of the other professions compared to the accounting profession, the adverse effects of the COVID-19 pandemic, and a subsequent increase in enrollment in STEM (Science, Technology, Engineering, and Mathematics) programs of other professions in comparison with accounting-related fields are just a few of the important factors that are looked at in this research.
The study looks into the relationship between changes in the pay scale for accounting professionals over the other professions and the decline in the number of candidates entering the profession. Furthermore, financial scandals have always played a significant role in shaping public perception of the accounting profession. This study attempts to determine the degree to which these instances have led to the decline in interest in accounting careers by analyzing data connected to such scandals over the previous 20 years. Creating strategies to draw in and keep qualified professionals requires an understanding of the economic aspects influencing career choices in accounting. The COVID-19 pandemic has presented exceptional obstacles that have had far-reaching effects on a variety of businesses. This study evaluates how the pandemic might have reinforced already-existing patterns in the accounting industry, preventing people from pursuing jobs in this discipline. The study also looks at how STEM degrees are becoming more popular in other fields and how this may be attracting talent away from accounting. The goal of the comparative analysis is to provide insight into how the educational landscape and employment preferences of people who tend to be analytical and quantitative thinkers are evolving.
Through the integration of information and perspectives from these varied elements, this research offers an understanding of the complex dynamics contributing to the decreasing number of accounting professionals. To address issues and put measures into place that encourage interest and engagement in the accounting profession, policymakers, educational institutions, and industry stakeholders must pay attention to the findings.
Keywords
Various elements that have caused decline in the Accounting Professionals
AIB-9 The Growing Gap in Accounting Professional Availability
University Readiness Center Greatroom
Topic: The Growing Gap in Accounting Professional Availability
Faculty Mentor: Dr. Elizabeth Cole
University: University of South Carolina Upstate
Student: Nagaswarna Yalamarthi
Abstract
The past twenty years have seen a remarkable trend in the number of accounting professionals declining, which has prompted research into the underlying factors. This analysis uses data collected over the past 20 years to break down the various causes that have contributed to this decline. Accounting scandals, changes in the pay scales of the other professions compared to the accounting profession, the adverse effects of the COVID-19 pandemic, and a subsequent increase in enrollment in STEM (Science, Technology, Engineering, and Mathematics) programs of other professions in comparison with accounting-related fields are just a few of the important factors that are looked at in this research.
The study looks into the relationship between changes in the pay scale for accounting professionals over the other professions and the decline in the number of candidates entering the profession. Furthermore, financial scandals have always played a significant role in shaping public perception of the accounting profession. This study attempts to determine the degree to which these instances have led to the decline in interest in accounting careers by analyzing data connected to such scandals over the previous 20 years. Creating strategies to draw in and keep qualified professionals requires an understanding of the economic aspects influencing career choices in accounting. The COVID-19 pandemic has presented exceptional obstacles that have had far-reaching effects on a variety of businesses. This study evaluates how the pandemic might have reinforced already-existing patterns in the accounting industry, preventing people from pursuing jobs in this discipline. The study also looks at how STEM degrees are becoming more popular in other fields and how this may be attracting talent away from accounting. The goal of the comparative analysis is to provide insight into how the educational landscape and employment preferences of people who tend to be analytical and quantitative thinkers are evolving.
Through the integration of information and perspectives from these varied elements, this research offers an understanding of the complex dynamics contributing to the decreasing number of accounting professionals. To address issues and put measures into place that encourage interest and engagement in the accounting profession, policymakers, educational institutions, and industry stakeholders must pay attention to the findings.