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Labour Market Needs
Provincial and Regional Occupational Projections
According to the Ontario Job Futures (The Ministry of Training, Colleges and Universities), of the 68,440
Financial Auditors and Accountants employed in Ontario, 15% are employed in the Western region:
Kitchener‐Waterloo‐Barrie (7%), London (4%), Windsor‐Sarnia (3%), and Stratford‐Bruce Peninsula (1%).
While the majority of Employers were unable to respond to questions about specific occupational
shortages in the area of Accounting, those who did were able to provide some insight. None of the nine
accounting occupations (as seen below) was considered to be in significant undersupply. Some shortage
was, however, perceived for positions such as Taxation Specialist and Cost & Management Account.
Table 10. Employers – Shortage in Accounting Specializations
n
Mean
Shortage
Don't
know
Taxation Specialist 24 3.0 56.4%
Cost & Management Accountant 25 2.5 54.5%
Treasurer 16 2.3 70.9%
Financial Analyst 26 2.3 52.7%
Budget Analyst 23 2.2 58.2%
Financial Accountant/Controller 28 1.8 49.1%
Auditor 24 1.7 56.4%
Self-employed Accounting Professional 22 1.5 60.0%
Accounting Clerk 30 0.9 45.5%
Chart 17. Employers – Shortage in Accounting Specializations
Taxation Specialist
Cost & Management Accountant
Treasurer
Financial Analyst
Budget Analyst
Financial Accountant/Controller
Auditor
Self‐employed Accounting …
Accounting Clerk
No Shortage
Small Shortage
2
Moderate Shortage
4
Extreme Shortage
0 20 40 60 80 100
In terms of future workforce needs, while 40% of Employers believed that the supply of qualified
accounting candidates would be sufficient to fill expected openings over the next five to 10 years, close
to half (45.5%) did not feel able to offer an opinion. Only 9% of Employers felt that supply would not
keep pace with demand.
LKSB Degree Program Feasibility Study • 2011
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