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OHHH...one more thing......OFFSHORING ACCOUNTING WORK TO INDIA IS GOING TO EXPLODE OVER THE NEXT DECADE. mark my words. The new international accounting standards will get every country on the same page and make it easier for companies to offshore accounting work.
If it can be done on a computer......someone across the global can do it for cheaper.
I pointed out on another place that I post that accounting will go to India. They will go with the International accounting standards. It can be done over a computer so it will be gone. A good accountant in India will run you about 6 bucks an hour. Forget paying some CPA 60 to 70k try 13k in India it going to happen it only a matter of when. They are now sending doc review over to India. Putting tons of young lawyers out of work. The ABA is ok with it. Accounting will be next in line. They just do not know it yet.
How Church's Chicken Outsourced Its Accounting to India
By Linda L. Briggs
Can a large US-based restaurant company with sales of over $1 billion a year securely outsource its entire accounting functions to a provider in India -- and in doing so slice accounting costs in half?
"My accounting staff is a controller and an assistant controller... necessary to manage the [outsourcing] contract," according to Dusty Profumo, CFO of Church's Chicken, a fast-food company with 1,546 locations -- some franchised, some directly owned -- in the United States and 16 other countries. Under a new outsourcing contract, Profumo now works not with US staff, but with 30 or so employees of an India-based service provider.
In January 2007, Church's finalized its move to outsource its entire finance and accounting systems to WNS Global Services, a company that provides offshore business process outsourcing services, most of it through facilities in India.
....Still, he concedes, there's a price in having essentially the entire accounting department offshore. "It's not the same as having them right down the hall, believe me," Profumo acknowledges. "I've been in those situations and I prefer to have them right down the hall, but you can't [do that] and expect the savings that we're getting. It's just not going to work. It's a small price to pay for a very significant economic saving."
This thread was about the ENTRY LEVEL market for students with an accounting degree in 2010.
Also $36/hr isnt really that much if you have more than 5 years in the industry.
Well considering I am not an "accountant" nor a CPA-- I think that the salary I get plus all of the additional benefits/bonuses/reimbursements/profit sharing/incentive bonuses that push me well over the 36.00 an hour are pretty unparalleled to most of my peer group. I do not know many accountants working at firms who make more than I do even after 5 years.
My point is that with an accounting degree you are not going to just have to look for entry level accountant jobs-- there are many careers where you can easily leverage an accounting/finance background.
It is. Good pay, excellent benefits, and good way of relocating.
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I work for the IRS, almost got a job with the FDIC ..The FDIC job sounds more interesting and fun to be honest though.
Really? What kind of work do you do with the IRS and what's it like working with them?
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