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More than just numbers: the journey—and impact—of accounting

by FeeOnlyNews.com
5 months ago
in Business
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More than just numbers: the journey—and impact—of accounting
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Accounting wasn’t supposed to be exciting—or so the story goes. For decades, the profession has been stereotyped as a world of calculators and spreadsheets, quietly humming in the background of business. But today, that perception couldn’t be further from the truth.

The pace of change in the business world is relentless, and accountants are continually challenged to adapt. Evolving risks, shifting business models, emerging technologies—especially the rapid adoption of artificial intelligence (AI)—and increasing regulatory complexity require professionals in this field to be agile lifelong learners and critical thinkers. The demands on accountants continue to evolve, but this is also what drives opportunity. Today, accountants are often expected to go beyond understanding the numbers by providing insights and interpretation within a rapidly changing environment.

Recent surveys show a positive perception shift about accounting careers, with recent graduates citing long-term earnings potential, work-life balance, and ability to make valuable contributions, as key benefits. These rewards come with the responsibility to stay ahead of the curve—constantly growing, learning, and responding to new challenges.

Accounting is not a static career path; it’s an open-ended journey that can take professionals across industries and around the world. With access to cutting-edge tools like AI, accountants today are empowered to analyze vast amounts of data, streamline processes, and deliver strategic value. Whether working with major sports teams, financial institutions, or tech innovators, accountants are often at the center of business issues and transformation.

Professional objectivity, trust in data, and ethical judgment have always been essential, and remain especially important in today’s complex environment. Accountants can deliver these vital skills to help organizations navigate uncertainty, build trust, and meet the moment. Far from being just about numbers, accounting is a profession where adaptability, insight, and integrity are in high demand—and where those who possess these skills can continue to thrive.

Yet, for all its importance and evolving demands, accounting is still often misunderstood. It’s time to close the books on the old “number cruncher” stereotype and open a new chapter—one where accountants are tomorrow’s trusted leaders.

Accounting is the bedrock of modern business. The profession today is as dynamic as the world we live in. Organizations are always trying to anticipate where markets, technology, and talent are going and figuring out how to adapt.

For most, doing this without accountants would be nearly impossible. Accountants today aren’t just looking backward at financials — they’re playing a vital role in moving organizations forward. As an accountant, you might find yourself in the fast-paced world of M&A and valuations or helping a company plan and measure the impacts of going fully digital. Or you could be guiding a business through evolving regulations so they stay transparent and compliant as rules become more complex.

Our work is critical for capital markets. Whether it’s independent auditing or technical accounting, without accountants the financial sector would likely lose one quality that’s essential to its success: public trust.

Because accountants can develop unique expertise in so many domains, there will likely always be a demand for their skills. Despite the many anticipated changes to business and society in the years to come, accounting is projected to add over 130,000 new jobs annually through 2033.

From the big game to the C-suite, it’s a launchpad for an exciting career. Accounting gives you a foundation that can unlock doors to nearly any industry or path you want to explore. Fascinated by emerging tech? Work with companies on integrating AI responsibly and ethically. Want to work in sports or entertainment? They need accountants too! (Did you know Deloitte tabulates the ballots for Heisman trophy voting?)

The nature of the work means that you constantly hone intellectual skills like critical thinking and problem solving. You may also get to work with Chief Executive Officers (CEOs), thought leaders, regulators, and technologists, learning from their expertise and perspectives. Accountants help other leaders understand complex situations so they can make critical decisions.

For some, it’s often also a path to the C-suite. In fact, Chief Financial Officers (CFOs) often start their careers as accountants, and — as some research shows — in recent years more CFOs are being tapped to become CEOs. Because accountants cultivate trust and play an essential role in key business decisions, they can naturally develop leadership qualities.

It’s a destination for experienced innovators. Accounting’s expanding, interdisciplinary nature welcomes professionals with experience in areas such as technology, , strategy and more — enabling them to contribute at critical moments throughout a business’ lifecycle, from startup and growth to transformation and compliance.

This collaboration works both ways: accountants and specialists teaming up to drive impact. For example, as technology specialists are increasingly embedded within accounting teams to help companies understand impacts from adopting AI and other emerging tools. Similarly, business strategists and accountants work together on the financial and risk implications of organizational transformations such as IPOs, and other growth strategies.

What ties all of this together is a shared commitment to upholding quality, integrity and public trust. By bringing together specialized experiences to pivotal business moments, the profession is redefining how organizations operate and drive innovation.

A career that fuels your curiosity

So, if you’re just starting out, or looking to make a change, here’s what I hope you remember: accounting is a career for the curious. It’s truly a profession where you get the opportunity to choose your own path.

Looking back, I never imagined that saying “yes” to accounting would lead to such a multifaceted journey. And looking forward, I’m more energized than ever. If you’re searching for a career that can challenge you, evolve with you, and give you the chance to make a real impact every single day — then accounting might just be the journey you didn’t know you were looking for.

###

This publication contains general information only and Deloitte is not, by means of this publication, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. This publication is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that may affect your business. Before making any decision or taking any action that may affect your business, you should consult a qualified professional advisor. Deloitte shall not be responsible for any loss sustained by any person who relies on this publication.” As used in this document, “Deloitte” means Deloitte & Touche LLP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of our legal structure. Certain services may not be available to attest clients under the rules and regulations of public accounting. Copyright © 2025 Deloitte Development LLC. All rights reserved.

The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune.



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