Challenges due to skill shortages
0.0(0)
Studied by 0 people
Learn
Practice Test
Spaced Repetition
Match
FlashcardsCard Sorting
1/3
There's no tags or description
Looks like no tags are added yet.
Study Analytics
Name | Mastery | Learn | Test | Matching | Spaced |
|---|
No study sessions yet.
4 Terms
1
New cards
Impact on Financial Decision-Making
scarcity of skilled accountants hampers effective financial planning and compliance, potentially leading to financial mismanagement.
2
New cards
Slow Adoption of Modern Tools
The skills gap includes a lack of proficiency in emerging technologies slowing the integration of these tools into accounting practices.
3
New cards
Domestic Talent Drain
he emigration of skilled professionals leads to a talent drain, leaving UK businesses with fewer qualified accountants to meet their needs.
4
New cards
Limited Availability of Qualified Professionals
shortage of qualified accountants can lead to difficulties for individuals and businesses in obtaining accounting services.
Note 
Flashcards (63)