The Well-Traveled Accountant - The Value of International Experience

Accepting that transfer to your company’s Paris office could have far-reaching career benefits, according to a recent survey.

Fifty-six percent of chief financial officers (CFOs) polled said international experience will be at least somewhat necessary for accounting and finance professionals five years from now. One in five people surveyed said it would be very necessary.

The survey was developed by Robert Half International Inc. It was conducted by an independent research firm and includes responses from 1,400 CFOs from a stratified random sample of U.S. companies with more than 20 employees. The research is part of the firm’s Next Generation Accountant project, which examines how today’s trends will shape the future of the accounting and finance professions.

CFOs were asked: How necessary do you feel international experience will be for accounting and finance professionals five years from now?"

Their responses:

Very necessary – 20%
Somewhat necessary – 36%
Somewhat unnecessary - 20%
Very unnecessary – 19%
Don't know/no answer - 5%

"A growing number of businesses are expanding internationally to reach new markets and better serve the needs of clients with global operations," said Max Messmer, chairman and CEO of Robert Half International Inc. "As a result, accounting and finance professionals who are bilingual and have experience in foreign tax law, as well as international trade regulations and reporting procedures are highly marketable."

Messmer added, "The next generation of accountants should assume they’ll be communicating with colleagues around the world to analyze financial data and develop business strategies."

More information on the Next Generation Accountant research project is available online at The Next Generation Accountant Web site. The site includes complete survey findings, audio and video clips of interviews with leading accounting experts, an accounting skills quiz, and a career center.

You may like these other stories...

Event Date: October 21, 2014, 2 pm ETKristen Rampe will share how to speak and write more effectively by understanding your own and your audience’s communication style. When two people have very different communication...
Majority of House of Representatives urges leadership to preserve cash method of accounting for tax purposesA bipartisan majority of the House of Representatives – 233 members – has signed a letter urging House...
Tax friendly trusts swell under new rulesUS companies are latching onto an obscure real estate provision to avoid corporate taxes, widely adopting a financial maneuver that has been expanded under the Obama administration,...

Already a member? log in here.

Upcoming CPE Webinars

Sep 24
In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.
Sep 30
This webcast will include discussions of important issues in SSARS No. 19 and the current status of proposed changes by the Accounting and Review Services Committee in these statements.
Oct 21
Kristen Rampe will share how to speak and write more effectively by understanding your own and your audience's communication style.
Oct 23
Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.