A Bright Future for Accounting

Source: Public Practice

In this article, Rick Telberg presents recent data that foretells a bright future for CPAs. Following are highlights of the findings:

• The 2012 busy season was much better than those of recent years, and 2013 is expected to be even better in terms of revenue and profits.
• One source indicates that 87 percent of accounting jobs lost have now been regained.
• Accounting firms have reached a record 955,000 employees.
• Mid-sized firms are experiencing an increase in revenue, and starting salaries are up.
• Forensic accounting services have grown throughout the recession and are still on the rise.
• Profits (measured by income per partner) are at $366,000, and are not decreasing.
• Through 2015 the global accounting market is expected to grow by 34 percent.

For the complete article, read “Doing the Math: The Outlook for CPAs is Bright.”

From Public Practice, Texas Society of CPAs, October 2012, www.tscpa.org.