#AAYP: Let the next generation off the leash

by Juan Carlos Ronco Corsi, IAPA and Asec

More from this author

23 Feb 2012

  • Comments

AS CHAIRMAN of an international accountancy organisation, I regularly attend conferences where I meet other members of my profession. While we all come from a diverse range of backgrounds, one particular group of people always seems to be under-represented: the younger generation.

At 58, I can't consider myself young and, indeed, most of the people I meet at conferences are senior or managing partners in their 50s or above. While, for many of these people, attending such events is something of a perk, it doesn't help take our profession forward.

We need new blood to come in and take us forward in new areas of business, new areas of discussion and new ways of running our profession. I believe that the older we get, the more closed-in our views become. The younger generation has the strength and ambition to create a more open profession, particularly in an age where accountancy is becoming much more globalised.

For example, my youngest daughter, who works for my firm, suggested that there was more money to be made from a payroll service we had previously only viewed as a sideline. She went away, researched the matter thoroughly and then turned around our payroll department from a one-woman band to a nine-person team in just nine months. Lots of UK companies invest in Spain and they want to deal with accountants who can speak English and handle matters such as payroll. My daughter saw the potential in this and helped move the business forward.

We must also start to rely on younger partners and managers with knowledge of technology, including the internet, and the ability to relate to it quickly.

From speaking to firms in places such as Latin America and India, I know that the profession is not as developed as it is in the West. These firms have told me their young people would benefit greatly from training from Western organisations which, again, is where our younger generation could really shine in taking the profession forward globally.

Organisations such as IAPA and the UK200Group are both working to engage younger people in helping shape the future of accountancy. The UK200Group, for example, introduced the David Turnbull award - named after its late founder - to encourage younger members to attend its annual conference. It also organised a national charity relay event last year, designed to involve people at all levels in fund-raising. IAPA has started a series of regional one-day conferences in Europe for the younger partners.

The bottom line is this: there are a lot of younger people in the profession with a great deal to contribute - we just need to engage them. Encouraging them to attend conferences where they can meet others and share their ideas could be the turning point.

Juan Carlos Ronco Corsi is chairman of IAPA and managing partner of Marbella-based accountancy firm Asec, which is an international associate of the UK200 Group

Image credit: Shutterstock

Visitor comments

blog comments powered by Disqus

Add your comment

We won't publish your address

By submitting a comment you agree to abide by our Terms & Conditions

Your comment will be moderated before publication

  • Send

Charterhouse Accountants

Finance Officer

Charterhouse Accountants, Beaconsfield, Permanent, Full Time, £ Competitive




Get the latest financial news sent directly to your inbox

  • Best Practice
  • Business
  • Daily Newsletter
  • Essentials


Search for jobs
Click to search our database of all the latest accountancy roles

Create a profile
Click to set up your profile and let the best recruiters find you

Jobs by email
Sign up to receive regular updates with the latest roles suitable for you



Why budgeting fails: One management system is not enough

If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.


iXBRL: Taking stock. Looking forward

In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.