The purpose and procedures of accounting as a profession have been the same for decades. While this likely isn’t going to change in the near future, the way your job is done is rapidly evolving in the current decade – meaning the list of demands required of you is increasing.
A survey of 284 small- and medium-sized accounting firms conducted by Mr. McNeill showed the ones with strong advisory practices generated 37% of their revenue from consulting. Therefore, it’s likely a good time to reconsider your role as solely an accountant and think about evolving into more of a consulting role.
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