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The Job That Set Up John D. Rockefeller to Become a Business Titan Offshore accounting has opened opportunities for a practicing accountant to turn into a thriving entrepreneur.

By Chirag Koshti

Opinions expressed by Entrepreneur contributors are their own.

In this modern era of technological advancement, more and more accounting practitioners are transforming themselves and improving their skill sets to become successful entrepreneurs. It is evident that finance is an essential element for any business to remain thriving and flourishing, and an accounting practitioner plays the most significant role in any business. Moreover, in the present era, these accounting practitioners have expanded into domains like providing advisory assistance to medium and small businesses that comprise monetary evaluation, mergers and acquisitions, and government-sanctioned applications.

This change from the monotonous, moderate utility and compliance-driven accounting tasks to a tremendous value, imperative business, and tax guidance has taken place since the advent of the global pandemic where many accounting professionals have altered their way of working. Now they are operating endlessly to assist their clients in realizing their financial status, interpretation of the government tax policies, and all other finance-related problems that are important for streamlining a business. As a result of this, a tremendous revival can be seen in the profession of accounting, and a multitude of accounting professionals are working towards developing their abilities and modifying themselves into entrepreneurs.

How can accountants improve their skills to transform into successful entrepreneurs?