Professional accountants of today have careers that utilize a wide variety of skills applicable to highly specialized roles. When the editors of the Journal of Accountancy wrote in 1912 that an accountant is beginning to be “looked upon as a business physician,” they could not have envisioned the dynamic array of practice areas that would exist 100 years later.
According to the U.S. Department of Labor, between the years 2012 and 2022, the number of jobs for accountants and auditors in the United States is expected to increase by 13%. Changes in tax laws and the regulatory environment, as well as the expansion of global commercial business and increased financial controls continue to drive the demand for skilled accountants in the public and private sectors
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While the foundation of accounting is based on uniform accounting practices, there are many different ways for accountants to apply these principles.
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