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Bachelor of Commerce (Digital Marketing) - Postsecondary ...

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Future Shortages<br />

In terms <strong>of</strong> future workforce needs, while 40% <strong>of</strong> employers believed that the supply <strong>of</strong> qualified<br />

accounting candidates would be sufficient to fill expected openings over the next five to 10 years, close<br />

to half did not feel able to <strong>of</strong>fer an opinion (Figure 5). Among the 9% <strong>of</strong> Employers who felt that supply<br />

would not keep pace with demand, and the additional 6% who believed that future shortages were<br />

possible, fully half projected a worsening <strong>of</strong> labour market pressures (Figure 6).<br />

Figure 5 – Sufficient Future Accounting Supply<br />

No<br />

9.1<br />

Maybe<br />

5.5<br />

Yes<br />

40.0<br />

Don't<br />

know<br />

45.5<br />

Figure 6 – Direction <strong>of</strong> Future Accounting<br />

Shortages (n=8)<br />

Worse<br />

50.0<br />

Better<br />

12.5<br />

Same<br />

37.5<br />

As shown in Table 4, the most acute shortages were predicted in senior financial positions.<br />

Table 4 – Most Significant Future Accounting Shortages (n=8)<br />

n<br />

Controller/Manager 2<br />

Directors <strong>of</strong> Finance 1<br />

Senior Business Analysts 1<br />

General CGA equivalent 1<br />

Financial Analyst 1<br />

Cost Management Auditors 1<br />

Taxation Analyst 1<br />

Clerical positions 1<br />

Specializations<br />

Employers were presented with five areas <strong>of</strong> accounting specialization, and asked to rate the<br />

importance <strong>of</strong> the specializations to their sector or industry using a five‐point importance scale from 1<br />

(not at all important) to 5 (very important). One‐fifth <strong>of</strong> respondents did not feel able to rate the<br />

specializations (Table 5). Among those who provided importance ratings, the specialization valued most<br />

by employers was Accounting and IT, with 60% <strong>of</strong> Employers rating this specialization more than<br />

somewhat important (Figure 7). This was followed by Accounting and Entrepreneurship, which was<br />

rated 4 or 5 by almost 40% <strong>of</strong> employers.<br />

LKSB Degree Program Feasibility Study • 2011<br />

185

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