The American Institute of CPAs (AICPA) has been actively advocating for the recognition of accounting as a Science, Technology, Engineering, and Math (STEM) education program by the federal government. According to a survey conducted by the Harris Poll, a significant proportion of Americans believe that designating accounting as a STEM program would encourage students to pursue a career in accounting.
Specifically, 54% of Americans aged 18-34 and 59% of those aged 35-44 think that students would be more likely to enter an accounting education program if it were recognized as a STEM program (AICPA, 2023). The AICPA's efforts to promote accounting as a STEM career pathway are part of a broader initiative to raise awareness about the opportunities that accounting can provide to young people.
The organization has been pushing for legislation to establish accounting as a STEM career pathway, including the Accounting STEM Pursuit Act, which was introduced in both chambers of Congress in 2021, 2023, and reintroduced this year (Accounting Today, 2023). If enacted, this legislation would enable federal K-12 funding to support accounting education for students from all backgrounds, allowing educators to secure STEM funding to teach foundational accounting skills and introducing young students to accounting as a viable ← →
Like a masterfully crafted puzzle, the world of finance relies on the precise fitting of numbers and regulations, with accountants serving as the skilled artisans who bring order to the complex landscape of business and commerce. As the global economy continues to evolve, the demand for skilled accounting professionals has never been more pressing.
According to a report by the Bureau of Labor Statistics, employment of accountants and auditors is projected to grow 6% from 2020 to 2030, which is as fast as the average for all occupations (BLS, 2022). This growth is driven in part by the increasing need for businesses to navigate complex regulatory requirements and make informed financial decisions.
The accounting profession is not just about numbers; it's also about telling a story.
Accountants must be able to interpret financial data and communicate it in a way that is clear and actionable for stakeholders. As the business landscape becomes increasingly complex, the role of accountants is expanding to include more advisory and consulting services.
A survey by the AICPA found that 75% of CPAs reported an increase in demand for advisory services, such as financial planning and business strategy (AICPA, 2022). This shift requires accountants to have a broader range of skills, including communication, analytical, and problem-solving abilities.
More takeaways: See hereThe American Institute of CPAs is continuing its efforts to have accounting officially recognized as a Science, Technology, Engineering and Math ...○○○ ○ ○○○
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