Energized Accounting

Where I live, in order to become a Chartered Accountant (the Canadian equivalent of a CPA), you need the following:

Small companies are nimble and respond quickly to their customers' needs. Big companies can take on large projects and provide a wide range of products. But what happens when a big company downsizes to become a small company? Does it regain its nimbleness or does it end up as the worst of both worlds?

Yes, yes, I know. ALL of the travel tips tell you to travel light. Pack one bag. Make it small enough to be carry on. That way you can take your laptop and your suitcase on the plane with you. They don't get lost. You don't have to wait to get your luggage at your destination. You can just waltz through to get to the front of the taxi / rental car line.

I used to be like that too.

With the pending retirement of the Baby boom generation, we are about to lose a lot of hard won experience. Many of the Boomers are retiring early. They have the money they need. Why stay in the daily grind if you don't need to? But let's not write them off too quickly. We need to find ways to use their knowledge to help the next generation.

Modern day Paul Reveres are shouting, "The Boomers are coming!" from every digital rooftop. Magazines proclaim the changes to healthcare, investments, retirement homes etc. etc. that will accompany the retirement of the Baby boom generation. While there is a lot of hype surrounding this issue, there is a real opportunity for the accounting profession we need to address.