Careers in Accounting Could Be Expanded by Outsourcing


19 January 2010
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The accounting field continues to thrive as the overall economy is down. Several news providers have listed the profession as the one to seek for 2010, as many companies will still be looking to incorporate individuals with financial skills to help get them out of an economic slump.

According to a new survey from WNS, chief financial officers (CFOs) are looking to outsource more of their financial and accounting responsibilities. The survey was given to 100 senior financial executives with revenues of more than $3 billion. More than 75% of respondents said they plan to expand their company's outsourcing program in 2010 as a cost-cutting effort.

Analysts believe this is a good indicator that financial and accounting outsourcing (FAO) will continue to thrive in the business world.

"It is extremely encouraging to note that respondents who outsource plan to increase the scale of their programs in 2010, expanding both processes in scope and adding business units and geographies," said Sulakshana Patankar, Business Unit Leader at WNS Finance and Accounting Solutions.

According to the Bureau of Labor Statistics, careers in accounting are expected to see a 22% increase by 2018.ADNFCR-1502-ID-19566673-ADNFCR

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