Shortage of Certified Public Accountants

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KTVN 2 News Nevada

Күн бұрын

Пікірлер: 109

@hoahuynh394 10 ай бұрын

The "H" in "Accountant" stands for happiness.

@Dakid015 8 ай бұрын

lol

@JesuisFlay 7 ай бұрын

😂😂😂😂

@danieleee2508 5 ай бұрын

😂

@JM-md4ri 4 ай бұрын

Dude that’s hilarious

@wildorchids3657 Жыл бұрын

Underpaid, overworked.

@opeyemioyewole603 Жыл бұрын

Indeed, you are quite right. As an accountant myself, I can confirm that some of my colleagues, who pursued a four-month IT training program such as AWS, are currently earning up to $140k. Meanwhile, most accountants in the market are still earning relatively low wages. Personally, I'm also considering transitioning into the IT industry.

@faisalraj6654 Жыл бұрын

This is era of skipping 4 year school and earn certificates by tech companies and earn living, school loan free..

@panama2468 6 ай бұрын

the american nightmare

@jakhariwilliams3377 Ай бұрын

Work is to hard to understand, especially managerial accounting

@CPATuttle Жыл бұрын

How is there a shortage when every job rejects me this year. There’s a surplus. Maybe there’s a shortage with jobs of low unlivable wages. Maybe they should pay higher and people will be interested in a CPA career

@paul-gt1gy Жыл бұрын

Salaries are a joke

@connieg7692 Жыл бұрын

I've had the opposite, lots of opportunities, remote as well with good work life balance, interesting work and a good salary. I was laid off and found a much better paying job 2 months later. Best of luck out there!

@CPATuttle Жыл бұрын

@@connieg7692 that’s good for you. I’m also a male. Females will always get hired over me. I just had an interview for a state staff auditor where 6 candidates were going for 1 position. That’s a surplus

@jthanrubio1126 Жыл бұрын

You're exactly right! They want to pay 55-85k in most cases, when it's a six figure job at the minimum! It's better to be a nurse working 36 hours and making 15k more than a CPA. I am a CPA & I laugh at some of the offers I get at LinkedIn, I'm like, no body is going to do your job for 85k, not when you factor in the hours & your hourly rate is around 30/hr.

@Essays4College Жыл бұрын

Most likely because you are a woman. No disrespect to you but the corporate world right now is not favorable to white men or men in general. There is a push to hire women and most female managers will hire a woman first over a man.

@s.q.8614 Жыл бұрын

I'm in California with an associates in accounting and I see many ads requiring a bachelor's and 2+ years experience for $18-20/hour. Going further for a CPA license isn't appealing.

@BobRooney290 9 ай бұрын

an associates degree for an accounting major is basically a high school diploma. the farthest you will get is as a bookkeeper, accounts payable role or accounts receivable role. no cfo will let you near journal entries, financial statements, reconciliations, etc. the hours are too much and destroy lives.

@johnmackey7721 Жыл бұрын

The industry always talks a lot about the shortage and the many reasons for it. But what they never mention is the real problem. Look, there’s no shortage at all if you pay new staff what computer science majors get paid. It’s pretty simple. But form partners simply don’t want to give up the cash.

@johnmackey7721 Жыл бұрын

By the way I’m a partner in a cpa firm since 2008. I’m not just making stuff up.

@Tomjones1012 Жыл бұрын

100% correct.

@LittleBahamutGTR Жыл бұрын

I am from HCOL area and shocked by the the majority of the Staff Accountant starting salary! Highest I seen for a staff is 70k that is rare but ask for so much requirement! Then there a few lower paying senior accountant that starts at 85k but most are higher than that. It’s like the middle sections of 70k to 90k is hallowed out like the middle class. It is very discouraging to entry level to start so low for a couple of years and hoping someone will give you a chance at becoming a senior. Entry level especially needs to go up in salary and there needs to be training instead of the BS requirement of asking for 3-5 years experience. Entry is ENTRY!

@87jennlynch Жыл бұрын

Yes I agree with all of this, as someone who's been in the accounting industry for 15 years. The older generation is simply not willing to train nor pay well enough for the stress. The lack of training causes chaos in the workplace, creating a negative environment and preventing any real growth for the entry level associates. I'm lucky I got ahead due to my wild stubbornness, but it wasn't without its headaches. Now I work as a part time accountant and have zero desire to ever go back to full time accounting work. The money wasn't worth it.

@secrets.295 Жыл бұрын

70k is considered low? Boy you guys in the US are really rich

@87jennlynch Жыл бұрын

@@secrets.295Yes, 70k is low when education, housing, food, health care, housing insurance, etc. costs as much as it does. If you go to college for four years because it's a requirement to get a job, and are about 40-80k in debt from that you expect higher wages.

@mathematicaleconomist4943 Жыл бұрын

@@secrets.295Where do you live?

@secrets.295 Жыл бұрын

@@mathematicaleconomist4943 Currently, Malaysia

@blakestoweyoutub1000 Жыл бұрын

it's not just the low pay and overwork it's the legal and psychological risk along with the crazy accounting, auditing and tax rule changes. the whole industry is a mess with almost no political clout or respect

@Dakid015 6 ай бұрын

Exactly, the profession at the core is really just a bunch of silly man-made rules written in the most geeky convoluted way that just ends up complicating things rather than clarifying. I honestly think it's to weed out those who don't see a path in accounting or to make the profession look more prestigious than it really is. It's both annoying and laughable at the same time. And those who aren't drunk off the kool aid can see right through it.

@tracymagann2194 Жыл бұрын

Wages. The wages are just not climbing to reflect talent in addition to the demand.

@weebig 10 ай бұрын

Pay overtime for busy season

@BobRooney290 9 ай бұрын

companies are toxic AF! they treat accountants like peasants. there is never any respect for accountants. the long hours guarantee you are working for minimum wage. and the longer you work for a company the more work they dump on you so they wouldnt have to hire another accountant.i told my kids that i would not be paying their tuition if they ever choose accounting as a major.

@dre5229 11 ай бұрын

I’m not a CPA and the work I was doing was so complicated the consultants that were evaluating us told me the only risk would be me hitting the lottery. I got a job offer the next day in a different department and took it because the accountants are severely underpaid in my office. I can’t wait to see who replaces me.

@ThomasShelby-xz2fk 9 ай бұрын

The problem with public accounting is it’s a profession driven by greed. All the money goes to the partners who make 200 to 500k. Meanwhile they pay you peanuts and give you a pathetically low billing rate

@shadowmooon23 Жыл бұрын

Accountants are not paid well and they work a lot. If you do accounting then do accounting automation. Being a CPA also isn't worth it. They usually require a master's and a master's in analytics pays more and better work like balance.

@jamesgarner2103 9 ай бұрын

i regret ever getting into accounting. seriously, it's not worth it. they pay is at the bottom of all professional jobs. dont expect to make more than $65k initially, basically the poverty line. the degree is worth less than soiled toilet paper. you get treated the worst in any company. they see you as a waste of money because you are just overhead. and because of that, they keep dumping work on you, constantly, the longer you stay. ultra mega long hours too. expect to work at least 12 hours a day without getting a dime in OT pay. that means you are basically working for minimum wage. also companies abuse their accountants more than any other field. accountants always feel like they are working for a toxic company. yes its easy to find another job, but who wants to continuously do that all the time? you literally have no life because of the long hours, and are not respected. everyone outside the field feels compelled that you can do their taxes for free. i should have become a real estate agent instead. what a horrible field accounting is. imagine being forced to sit in a chair for hours and hours day after day. guaranteed you will develop chronic illnesses.

@marceljohnson5783 Жыл бұрын

Impaires other aspects of your life. Only an accountant understands that pun.

@stalwartanas809 Жыл бұрын

Accounting is bridge every good accountant gonna leave it after while to be a cfo or finance manager , there is no good accountant sticks to this under paid career

@ahmedweli1665 Жыл бұрын

Shortage of CPA's and we are suffering here without jobs.

@CPATuttle Жыл бұрын

Exactly. Shortage my ass

@miumiumiu1209 Жыл бұрын

Lol they ask for too much qualifications for too much work for lesser pay.

@bebdaumon3948 11 ай бұрын

I got a finance and accounting degree at bach level. I have the education requirements for CPA. need to work 1 year under a cpa. I applied to big 4 accounting firms, mid-sized locally accounting firms, businesses, governmental agencies. I applied to a local accounting entry job in my city government. I went for the internet but didn't get the job. They allowed anyone with a high school diploma to work as an accountant. They didn't require experience but preferred 2 years working in an office setting and 1 year working in a office setting that deals with some accounting. The lady hired 2 years ago messed up the books. They had to hire a CPA to fix the books. Just last week.. the job opened up again and I applied to the same job. This time didn't get any interview and the department is 99% women.

@CPATuttle 11 ай бұрын

@@bebdaumon3948 After 10 years of applying to accountant jobs and only getting seasonal low paying tax jobs. I had to leave to an unrelated blue collar profession with less females. I just do taxes part time during tax season.

@jd6766 Жыл бұрын

Could it be less people are using CPA companies due to poor experiences, therefore decreasing the profession. Hiring a CPA is a major expense, and after hiring and interacting with a four, we found there was a lack of knowledge with critical IRS forms and the customer experience was quite bad. I am sure there are good CPAs out there but in our experience, it was a waste of time and i'm afraid money.

@CPATuttle Жыл бұрын

For taxes. It’s not worth it for a CPA to do a tax return under $15k. They have to have multi-million dollar businesses to earn $100k income after expenses. That’s why I stopped

@Tomjones1012 Жыл бұрын

That’s as a result of what Mark is saying- the good ones left, so have to settle for granny!

@IamO_okay Жыл бұрын

And here I am considering to go to BS in Accountancy....

@miumiumiu1209 Жыл бұрын

Run, run while you can 😢 tbh, i am working on the disabuse that the work ethic embedded in me that overtime work is normal, aside from the bosses who can't understand how there reports are generated, and just thought of us just crunching numbers ugh. No job is perfect, but this isn't it.

@nakia4230 Жыл бұрын

I’m currently a senior for my BS in accounting. Ima just finish it up. So I at least have a Bachelor’s.

@herkload 9 ай бұрын

Yep, I’m currently attending CC as an accounting major 😂

@user-uu5oy2br5e 9 ай бұрын

CPAs need a massive pay increase like 30-40%

@joshuaw2128 Жыл бұрын

At the entry level i was overworked, long hours seated, shoulders slumped over, repetitive motion injuries, you end most weekends drinking or eating your stress away, i became fat, unathlethic, acne breakouts, insomniac and miserable with the measly pay, why would anyone in their right mind would want to join this field😅

@maxsilverblatt7841 10 ай бұрын

Be accountable for yourself.

@Dakid015 8 ай бұрын

@@maxsilverblatt7841 What are you a droned out accounting cheerleader?

@campbellblk7484 7 ай бұрын

Man, you’re making me regret this career path.

@usaguy3481 10 ай бұрын

Entry level positions are very low paid compared to medical or IT field. I get ony 66,700 after two years working in a Public Accounting.

@BobRooney290 9 ай бұрын

it's not worth it. spread the word so kids dont end up as failures.

@iUnnithan 6 ай бұрын

Billing Hours, Underpaid, Overworked, no overtime pay, deadlines.

@iUnnithan 6 ай бұрын

@hakeem0341 Yes

@iUnnithan 6 ай бұрын

@hakeem0341 Are you planning to do MS in accounting from the US?

@secrets.295 Жыл бұрын

This problem could have easily been dealt with if the US uses IFRS instead of the GAAP. The US can easily get expatriates with their high pay & english speaking language. Not using the IFRS is big disadvantage to the US economy and it is finally showing.

@myrrhicvictory Жыл бұрын

Big4 already does this, lots of their manager level and below workers are on H1B or other visas. They are somewhat tied to the visa and can't quit without having to leave the country. They also already have outsourcing centers in other countries where remote work can be sent and billed at lower rate. Worked with many people who were from other countries and it was never an issue.

@robreich6881 Жыл бұрын

I work at a Big 4, there are a ton of international staff at manager levels. We have tons of overseas workers helping remotely. I don’t really see what resource isn’t being tapped.

@secrets.295 Жыл бұрын

@@robreich6881 International are subjective. If you want to work in the finance field the US you have to study there and get a finance degree at a US university. Then only your qualification is highly sought after. But if you never studied in the US and you live in a country using the IFRS standard. Eventhough u have a CPA they are unlikely to hire you or you might have to start from the bottom. For example my brother from Malaysia has recently completed the CPA and he has more than 10 years work experience. He wants to work in the US but if he works in the US he has to start from the bottom and work as a junior executive. If he works in the UK and he has an ACCA his work experience will be highly sought after. In the US it means nothing. It also depends, in certain companies they might need to hire somebody who is well versed in IFRS to handle their overseas operations. This is perhaps where they might need some foreign talents, however jobs like this are limited.

@secrets.295 Жыл бұрын

@@myrrhicvictory By international managers, what exactly do you mean? Is it people who studied in the US and have a US universities Bachelor in Finance or somebody from another country who has never studied at US universities and have never worked in a GAAP system environment? If the latter is the case then there is no way that will happen. They are not gonna pay some expatriates big money who has never worked in a GAAP environment. Plus when u say "outsourcing" what do u mean by this? My brother used to work at IBM in Malaysia. It's a shared service center a.k.a outsourcing. They used the IFRS standard, they don't use GAAP. I don't know what exactly they outsourced, probably IBM from the US outsourced their international accounting operations which requires IFRS knowledge. Perhaps that's why they outsourced it at the first place.

@myrrhicvictory Жыл бұрын

@@secrets.295 Usually it's people who work for the same firm but in other countries. Then they transfer to the US as part of an exchange program. Some people on visas did go to US colleges, but don't have a green card so they still need sponsorship. They are not getting paid "big money", they are tolerating the work because they have more limited options than someone who doesn't need visa sponsorship. Also a great experience for someone from another country. Yes the shared service center is what Big 4, and lots of other companies use. They receive training on the specific tasks to perform. Outsourcing is done due to lower cost of labor in other countries. Anyone who knows IFRS can easily be retrained in GAAP, it's not a big deal. Just like how GAAP standards are constantly changing anyways.

@kalashnikov4713 Жыл бұрын

You can solve this by giving H1B visa to CPAs who qualified cpa usa outside of USA.

@robreich6881 Жыл бұрын

Lots of international people already work in the firms. F off.

@ragul3204 Ай бұрын

@@robreich6881 Need more of 'em.

@leonardgumapac2613 Жыл бұрын

Have you ever heard a shortage on U.S CMA profession? I'm planning to take it, just to become an immigrant to the U.S before taking any cert. related to accounting finance and/or cyber security (tech-related)

@benjaminbosire7057 Жыл бұрын

Accountants are paid meagre wages despite the strenuous course !

@BobRooney290 9 ай бұрын

this is why i jump from job to job. i never stay longer than 2 to 3 years. the longer you stay as an accountant, the more work gets dumped on you. raises are a cup of coffee or 3% increase. the only real raise is the one you give yourself by getting a better paid job.

@monicajuma1352 Жыл бұрын

How can I get a remote job?I am a certified Public Accountant with 8 years experience.

@slcabello 5 ай бұрын

Seriously? You’re a CPA you should be able to figure this out if you were able to take the test and pass. Ever heard of Google where you can enter your question and it gives you a plethora of answers?

@davehenry7262 5 ай бұрын

I've been a CPA since the dinosaurs roamed the earth. It was drilled into our heads by our accounting professors that you HAD to go "Big 6" public accounting firms when you got out of school. So I did. And I was ground into dust for the 5 years I was with one. 80 hour weeks, low pay and pressure to get my CPA license asap so they could bill me out at an even higher rate. My nephew is off to college this fall and he asked me about majoring in accounting. I point blank told him to not even consider my profession.

@langatgeofry4688 Жыл бұрын

Kenya have the highest level of unemployed Accountant's

@AKM_508 Жыл бұрын

True. And where is this we go looking for jobs?

@himofhimself5344 Жыл бұрын

Welcome to Kenya, am an accountant

@Gingy2002 6 ай бұрын

If the pay was worth it, I'd consider, working 80, 90 hours a week to make like $70,000, absolutely not

@albertekuful4830 Жыл бұрын

I am available if you need extra hand

@ssims4241 Жыл бұрын

He said 'Try not to work owertime' 😂😂 means not to work more than 70 hours during busy season. 😂

@ryaniscool.1245 4 ай бұрын

Then pay us more… we are underpaid and under appreciated

@greensboss 6 ай бұрын

doing a masters degree in accounting control and audit and having done a 6 month internship in accounting i can understand why people are leaving or not interested anymore. you are litteraly overworked, underpaid, stressed by the deadlines and your supervisors, and litteraly noone gives you any credit for your hard work, this was really a bad experience for me.

@greensboss 6 ай бұрын

@hakeem0341 no i dont work in the us