Connect with us

Business

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

Published

on



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.



Source link

Continue Reading

Business

SpaceX to offer insider shares at record-setting $800 billion valuation

Published

on



SpaceX is preparing to sell insider shares in a transaction that would value Elon Musk’s rocket and satellite maker at as much as $800 billion, people familiar with the matter said, reclaiming the title of the world’s most valuable private company. 

The details, discussed by SpaceX’s board of directors on Thursday at its Starbase hub in Texas, could change based on interest from insider sellers and buyers or other factors, said some of the people, who asked not to be identified as the information isn’t public. SpaceX is also exploring a possible initial public offering as soon as late next year, one of the people said. 

Another person briefed on the matter said that the price under discussion for the sale of some employees and investors’ shares is higher than $400 apiece, which would value SpaceX at between $750 billion and $800 billion. The company wouldn’t raise any funds though this planned sale, though a successful offering at such levels would catapult it past the record of $500 billion valuation achieved by OpenAI in October.

Elon Musk on Saturday denied that SpaceX is raising money at a $800 billion valuation without addressing Bloomberg’s reporting on the planned offering of insiders’ shares. 

“SpaceX has been cash flow positive for many years and does periodic stock buybacks twice a year to provide liquidity for employees and investors,” Musk said in a post on his social media platform X. 

The share sale price under discussion would be a substantial increase from the $212 a share set in July, when the company raised money and sold shares at a valuation of $400 billion. The Wall Street Journal and Financial Times earlier reported the $800 billion valuation target.

News of SpaceX’s valuation sent shares of EchoStar Corp., a satellite TV and wireless company, up as much as 18%. Last month, EchoStar had agreed to sell spectrum licenses to SpaceX for $2.6 billion, adding to an earlier agreement to sell about $17 billion in wireless spectrum to Musk’s company.

Subscribe Now: The Business of Space newsletter covers NASA, key industry events and trends.

The world’s most prolific rocket launcher, SpaceX dominates the space industry with its Falcon 9 rocket that lifts satellites and people to orbit.

SpaceX is also the industry leader in providing internet services from low-Earth orbit through Starlink, a system of more than 9,000 satellites that is far ahead of competitors including Amazon.com Inc.’s Amazon Leo.

Elite Group

SpaceX is among an elite group of companies that have the ability to raise funds at $100 billion-plus valuations while delaying or denying they have any plan to go public. 

An IPO of the company at an $800 billion value would vault SpaceX into another rarefied group — the 20 largest public companies, a few notches below Musk’s Tesla Inc. 

If SpaceX sold 5% of the company at that valuation, it would have to sell $40 billion of stock — making it the biggest IPO of all time, well above Saudi Aramco’s $29 billion listing in 2019. The firm sold just 1.5% of the company in that offering, a much smaller slice than the majority of publicly traded firms make available.

A listing would also subject SpaceX to the volatility of being a public company, versus private firms whose valuations are closely guarded secrets. Space and defense company IPOs have had a mixed reception in 2025. Karman Holdings Inc.’s stock has nearly tripled since its debut, while Firefly Aerospace Inc. and Voyager Technologies Inc. have plunged by double-digit percentages since their debuts.

SpaceX executives have repeatedly floated the idea of spinning off SpaceX’s Starlink business into a separate, publicly traded company — a concept President Gwynne Shotwell first suggested in 2020. 

However, Musk cast doubt on the prospect publicly over the years and Chief Financial Officer Bret Johnsen said in 2024 that a Starlink IPO would be something that would take place more likely “in the years to come.”

The Information, citing people familiar with the discussions, separately reported on Friday that SpaceX has told investors and financial institution representatives that it’s aiming for an IPO of the entire company in the second half of next year.

Read More: How to Buy SpaceX: A Guide for the Eager, Pre-IPO

A so-called tender or secondary offering, through which employees and some early shareholders can sell shares, provides investors in closely held companies such as SpaceX a way to generate liquidity.

SpaceX is working to develop its new Starship vehicle, advertised as the most powerful rocket ever developed to loft huge numbers of Starlink satellites as well as carry cargo and people to moon and, eventually, Mars.



Source link

Continue Reading

Business

National Park Service drops free admission on MLK Day and Juneteenth while adding Trump’s birthday

Published

on



The National Park Service will offer free admission to U.S. residents on President Donald Trump’s birthday next year — which also happens to be Flag Day — but is eliminating the benefit for Martin Luther King Jr. Day and Juneteenth.

The new list of free admission days for Americans is the latest example of the Trump administration downplaying America’s civil rights history while also promoting the president’s image, name and legacy.

Last year, the list of free days included Martin Luther King Jr Day and Juneteenth — which is June 19 — but not June 14, Trump’s birthday.

The new free-admission policy takes effect Jan. 1 and was one of several changes announced by the Park Service late last month, including higher admission fees for international visitors.

The other days of free park admission in 2026 are Presidents Day, Memorial Day, Independence Day, Constitution Day, Veterans Day, President Theodore Roosevelt’s birthday (Oct. 27) and the anniversary of the creation of the Park Service (Aug. 25).

Eliminating Martin Luther King Jr. Day and Juneteenth, which commemorates the day in 1865 when the last enslaved Americans were emancipated, removes two of the nation’s most prominent civil rights holidays.

Some civil rights leaders voiced opposition to the change after news about it began spreading over the weekend.

“The raw & rank racism here stinks to high heaven,” Harvard Kennedy School professor Cornell William Brooks, a former president of the NAACP, wrote on social media about the new policy.

Kristen Brengel, a spokesperson for the National Parks Conservation Association, said that while presidential administrations have tweaked the free days in the past, the elimination of Martin Luther King Jr. Day is particularly concerning. For one, the day has become a popular day of service for community groups that use the free day to perform volunteer projects at parks.

That will now be much more expensive, said Brengel, whose organization is a nonprofit that advocates for the park system.

“Not only does it recognize an American hero, it’s also a day when people go into parks to clean them up,” Brengel said. “Martin Luther King Jr. deserves a day of recognition … For some reason, Black history has repeatedly been targeted by this administration, and it shouldn’t be.”

Some Democratic lawmakers also weighed in to object to the new policy.

“The President didn’t just add his own birthday to the list, he removed both of these holidays that mark Black Americans’ struggle for civil rights and freedom,” said Democratic Sen. Catherine Cortez Masto of Nevada. “Our country deserves better.”

A spokesperson for the National Park Service did not immediately respond to questions on Saturday seeking information about the reasons behind the changes.

Since taking office, Trump has sought to eliminate programs seen as promoting diversity across the federal government, actions that have erased or downplayed America’s history of racism as well as the civil rights victories of Black Americans.

Self-promotion is an old habit of the president’s and one he has continued in his second term. He unsuccessfully put himself forwardfor the Nobel Peace Prize, renamed the U.S. Institute of Peace after himself, sought to put his name on the planned NFL stadium in the nation’s capital and had a new children’s savings program named after him.

Some Republican lawmakers have suggested putting his visage on Mount Rushmore and the $100 bill.



Source link

Continue Reading

Business

JPMorgan CEO Jamie Dimon says Europe has a ‘real problem’

Published

on



JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon called out slow bureaucracy in Europe in a warning that a “weak” continent poses a major economic risk to the US.

“Europe has a real problem,” Dimon said Saturday at the Reagan National Defense Forum. “They do some wonderful things on their safety nets. But they’ve driven business out, they’ve driven investment out, they’ve driven innovation out. It’s kind of coming back.”

While he praised some European leaders who he said were aware of the issues, he cautioned politics is “really hard.” 

Dimon, leader of the biggest US bank, has long said that the risk of a fragmented Europe is among the major challenges facing the world. In his letter to shareholders released earlier this year, he said that Europe has “some serious issues to fix.”

On Saturday, he praised the creation of the euro and Europe’s push for peace. But he warned that a reduction in military efforts and challenges trying to reach agreement within the European Union are threatening the continent.

“If they fragment, then you can say that America first will not be around anymore,” Dimon said. “It will hurt us more than anybody else because they are a major ally in every single way, including common values, which are really important.”

He said the US should help.

“We need a long-term strategy to help them become strong,” Dimon said. “A weak Europe is bad for us.”

The administration of President Donald Trump issued a new national security strategy that directed US interests toward the Western Hemisphere and protection of the homeland while dismissing Europe as a continent headed toward “civilizational erasure.”

Read More: Trump’s National Security Strategy Veers Inward in Telling Shift

JPMorgan has been ramping up its push to spur more investments in the national defense sector. In October, the bank announced that it would funnel $1.5 trillion into industries that bolster US economic security and resiliency over the next 10 years — as much as $500 billion more than what it would’ve provided anyway. 

Dimon said in the statement that it’s “painfully clear that the United States has allowed itself to become too reliant on unreliable sources of critical minerals, products and manufacturing.”

Investment banker Jay Horine oversees the effort, which Dimon called “100% commercial.” It will focus on four areas: supply chain and advanced manufacturing; defense and aerospace; energy independence and resilience; and frontier and strategic technologies. 

The bank will also invest as much as $10 billion of its own capital to help certain companies expand, innovate or accelerate strategic manufacturing.

Separately on Saturday, Dimon praised Trump for finding ways to roll back bureaucracy in the government.

“There is no question that this administration is trying to bring an axe to some of the bureaucracy that held back America,” Dimon said. “That is a good thing and we can do it and still keep the world safe, for safe food and safe banks and all the stuff like that.”



Source link

Continue Reading

Trending

Copyright © Miami Select.