Accounting & Commerce

Challenges and opportunities go hand in hand.
With the surge in need of professionals at various work places, the challenges have proportionately increased.
Out of the many challenges faced by accounting professional, some of which I think are the major ones are mentioned below:
1. Many professionals in their period as a student or trainee do not get the adequate practical exposure as might be required to cope up with the business group. Having theoretical knowledge is good and is required to clear the examinations, but in the long run only theoretical knowledge won't suffice.
2. Lack of updating on part of many professionals is another issue for concern. In this dynamic era where we are, change is the only thing constant. Adapt or perish, that's the rule here. But many professionals are not yet ready for the same.
3. The superiority complex which most chartered have, is also not a good sign and concern. This is not really a challenge but makes your link weaker with your clients and general public at large.
4. Inability to present them as all round performers, when compared to an IIM grad is also an issue which needs to be thought upon.