According to a recent study published in Psychiatry Research, as many as 3.10% adults live with Attention Deficit Hyperactivity Disorder, which is characterized by persistent patterns of inattention, hyperactivity, and impulsivity and can significantly impact various aspects of life, including the workplace.
The accounting profession is no exception. There’s a growing number of accountants admitting they have ADHD and their struggles with the neurological condition. This Reddit thread asking if there were ADHD accountants has over 140 comments, with people sharing their experiences of living with ADHD in accounting.
Furthermore, industry thought leaders like Sabrina, CPA and Blake Oliver, CPA, host of the accounting podcast, have been vocal about their condition, lending credence to the idea that:
1. A good number of accountants have this condition. 2. It’s not a weakness, and it’s possible to thrive with ADHD in a profession like accounting.
In light of all these, we wanted to create a resource to help accounting, bookkeeping, and tax professionals with ADHD. In this piece, we’ll share practical tips and resources to help manage your ADHD and flourish.
Challenges faced by accountants with ADHD
While ADHD has strengths, such as creativity, hyperfocus, high energy, and out-of-the-box thinking, it can also present certain challenges for accountants. Let’s look at them below:
1. Difficulty with organization and prioritization. A study measured the organizational skills of people with ADHD and those without and found the former displayed lower organizational scores compared to the latter. This makes it difficult for accountants with ADHD to stay on top of deadlines, manage multiple projects simultaneously, and maintain a well-organized workspace. 2. Time management struggles. A 2021 research revealed that time perception (e.g., feeling like time is moving faster) is a central symptom of ADHD. An excerpt from the report says, “This problem can lead to significant difficulties in assessing the amount of time that has passed or the amount of time that might be required to perform a specific task.” Ultimately, this results in missed deadlines, rushed work, and increased stress levels. 3. Issues with focus and concentration. By definition, ADHD implies difficulty with sustained focus and concentration. This can be particularly challenging in accounting, which often requires extended periods of intense focus on detailed financial information and complex calculations. Accountants with ADHD may find it harder to maintain concentration in these cases, leading to errors or missing details that could have significant consequences. 4. Sensory overload. While sensory overload (the experience of being overwhelmed by sensory input from the environment) can happen to anyone, it happens more frequently and to a greater extent in the neurodiverse. In fact, up to 60% of cases of ADHD have at least one symptom of sensory processing disorder. This heightened sensory sensitivity can make the typical accounting environment, with its constant background noise, visual stimuli and high pressure, overwhelming for those with ADHD, contributing to feelings of anxiety. 5. Getting easily distracted and bored. Many accounting tasks like data entry, reconciliations, and reviewing financial statements are repetitive and monotonous. Unfortunately, this is a problem with ADHD accountants as they find such tasks boring and struggle to stay on track.
Anton Lewis, an associate accounting professor with ADHD, shared his experience in a piece titled “The Divergent Accountant,” writing, “Having been diagnosed with attention deficit hyperactivity disorder, inattentive type, much later in life explains why my attention to detail often floundered when it came to long, dull, repetitive jobs, typical but necessary of some accounting tasks.”
This trait leads to issues with completing routine but essential accounting tasks.
These challenges can significantly impact the job performance and overall well-being of accountants with ADHD. However, with the right strategies and support, it’s possible to overcome these obstacles and succeed in the accounting profession.
Tips for ADHD accountants
Here are some tips to help you navigate your role as an accountant working with ADHD.
1. Planning and organization. Accountants and bookkeepers need to plan and organize to avoid mistakes, finish work on time, and keep clients happy. With ADHD, organization becomes difficult but not impossible, if you do the following:
Use mind maps and to-do lists with deadlines: Mind maps and to-do lists can help visualize tasks and deadlines. Mind maps allow for a broader overview of projects, while to-do lists with deadlines provide structure and accountability.
Break down large projects into smaller, more manageable steps: Large projects can often feel overwhelming and daunting, which is why you should break them down. According to Jerimya Fox, a licensed professional counselor and a doctor of behavioral health at Banner Behavioral Health Hospital, “Breaking tasks down even further can help you feel more accomplished and the goal more achievable.”
Utilize project management software or apps: These tools can help organize tasks, set reminders, and track progress. Set reminders, create checklists, and use features like color-coding to prioritize tasks.
2. Time management. As explained earlier, people with ADHD experience time distortions, which make them lose track of time and fall behind schedule. You get distracted, and before you know it, the whole day has passed, and you haven’t achieved the tasks you set out to do. But there are ways to combat this. You should:
Set realistic deadlines and time blocks for tasks: Don’t overestimate your capabilities. Set realistic goals and allocate specific time blocks for your tasks. This will help you manage your time effectively and improve your productivity.
The Pomodoro Technique: This involves working in focused bursts (usually 25 minutes) followed by short breaks. It can help improve concentration and prevent burnout. If you need a (free) tool to practice the Pomodoro technique, check out Pomofocus.
Use timers and alarms to stay on track: We’ve already established that you probably experience time faster and don’t perceive time well. So, don’t rely on your intuition to know when to take breaks or transition to another duty. Instead, set timers and alarms to remind you when to start and stop tasks and for upcoming deadlines. Remember, don’t ignore the alarm when it rings. Adhere to it to avoid falling behind.
3. Motivation and engagement. Since accounting tasks can be repetitive, those with ADHD need to find ways to stay engaged and motivated. Here are some strategies for that:
Gamification techniques: Turning work into a game can make it more enjoyable and motivating. (One paper shows that gamified intervention positively impacts people with ADHD). So, use reward systems like treating yourself — no matter how small the reward — after completing a task, or progress trackers to visualize your accomplishments.
Identify and leverage your strengths: Instead of bemoaning the weaknesses of being an accountant with ADHD, you should lean into your strengths and superpower(s). For Andy Muckett, a chartered tax adviser at AKM Accounting Solutions, his ADHD makes him detail-oriented. It also helps him see the things others don’t, think methodically and practically, identify issues others would easily overlook, and spot opportunities that others wouldn’t have considered. In essence, find your strengths and double down on them. This will make you more engaged and productive in your work.
Take breaks and walk around: Short breaks and physical activity (like a brief walk) can help improve focus and reduce boredom. Fidget toys can also help manage restlessness and help you stay engaged during tasks that require prolonged concentration.
4. Collaboration and communication. You’ll often need to work with colleagues, managers, and clients. This means you need great communication and collaboration skills. This might not be your forte, but here are a few things that can help.
Communication strategies for expressing needs and requesting accommodations: First, be open and honest about your disorder and your challenges. Articulate your needs and explain how certain accommodations, like a quiet workspace and certain productivity tools, can help you succeed. Use written communication to document your request and avoid misunderstandings.
Tools for staying on track during meetings: If you tend to zone out, use note-taking apps to capture important information. Also, set reminders for any action items or deadlines discussed to ensure you follow through.
Techniques for managing social interactions: When in social settings, actively listen and avoid interrupting who you’re conversing with. Manage your impulsivity by pausing before responding. Additionally, you can ask clarifying questions to ensure you understand the conversation.
5. Managing sensory overload. To cope with overstimulation, you should:
Adjust workspace lighting and temperature for comfort: Excessive noise, bright lights, or uncomfortable temperatures can contribute to sensory overload. So, experiment with different lighting levels and temperature settings to find what works best for you.
Take breaks to get fresh air and sunlight: Spending time outdoors — even a short walk — can help reduce sensory overload, improve mood, and increase energy levels.
Use noise-canceling headphones or earplugs: Excessive noise can be overwhelming. However, noise-canceling headphones or earplugs can help block out noise and create a calmer work environment. You can also play soothing white noise to improve your focus.
If there’s one thing to take away from this piece, it’s this: ADHD is a neurological condition, not a weakness. With the right strategies (like those outlined in this piece) and support from managers/employers, accountants with ADHD can channel their strengths to become invaluable assets to their firms and clients.
However, you should note that this toolkit is just the starting point. Each individual’s experience with ADHD is unique, and what works for one person may not work for another. So, it’s essential to experiment with different strategies and find what works best for you.
If you’re struggling to manage your ADHD symptoms, seek help from a qualified mental health professional or ADHD coach.
The Financial Accounting Standards Board issued a proposed accounting standards update Tuesday to establish authoritative guidance on the accounting for government grants received by business entities.
U.S. GAAP currently doesn’t provide specific authoritative guidance about the recognition, measurement, and presentation of a grant received by a business entity from a government. Instead, many businesses currently apply the International Financial Reporting Standards Foundation’s International Accounting Standard 20, Accounting for Government Grants and Disclosure of Government Assistance, by analogy, at least in part, to account for government grants.
In 2022 FASB issued an Invitation to Comment, Accounting for Government Grants by Business Entities—Potential Incorporation of IAS 20, Accounting for Government Grants and Disclosure of Government Assistance, into GAAP. In response, most of FASB’s stakeholders supported leveraging the guidance in IAS 20 to develop accounting guidance for government grants in GAAP, believing it would reduce diversity in practice because entities would apply the guidance instead of analogizing to it or other guidance, thus narrowing the variability in accounting for government grants.
The proposed ASU would leverage the guidance in IAS 20 with targeted improvements to establish guidance on how to recognize, measure, and present a government grant including (1) a grant related to an asset and (2) a grant related to income. It also would require, consistent with current disclosure requirements, disclosure about the nature of the government grant received, the accounting policies used to account for the grant, and significant terms and conditions of the grant, among others.
FASB is asking for comments on the proposed ASU by March 31, 2025.
“It will not be a cut and paste of IAS 20,” said FASB technical director Jackson Day during a session at Financial Executives International’s Current Financial Reporting Insights conference last week. “First of all, the scope is going to be a little bit different, probably a little bit more narrow. Second of all, the threshold of recognizing a government grant will be based on ‘probable,’ and ‘probable’ as we think of it in U.S. GAAP terms. We’re also going to do some work to make clarifications, etc. There is a little bit different thinking around the government grants for assets. There will be a deferred income approach or a cost accumulation approach that you can pick. And finally, there will be different disclosures because the disclosures will be based on what the board had previously issued, but it does leverage IAS 20. A few other things it does as far as reducing diversity. Most people analogized IAS 20. That was our anecdotal findings. But what does that mean? How exactly do they do that? This will set forth the specifics. It will also eliminate from the population those that were analogizing to ASC 450 or 958, because there were a few of those too. So it will go a long way in reducing diversity. It will also head down a model that will be generally internationally converged, which we still think about. We still collaborate with the staff [of the International Accounting Standards Board]. We don’t have any joint projects, but we still do our best when it makes sense to align on projects.”
Mauled Again (http://mauledagain.blogspot.com/): Not long ago, about a dozen states would seize property for failure to pay property taxes and, instead of simply taking their share of unpaid taxes, interest, and penalties and returning the excess to the property owner, they would pocket the entire proceeds of the sales. Did high court intervention stem this practice? Not so much.
Current Federal Tax Developments (https://www.currentfederaltaxdevelopments.com/): In Surk LLC v. Commissioner, the Tax Court was presented with the question of basis computations related to an interest in a partnership. The taxpayer mistakenly deducted losses that exceeded the limitation in IRC Sec. 704(d), raising the question: Should the taxpayer reduce its basis in subsequent years by the amount of those disallowed losses or compute the basis by treating those losses as if they were never deducted?
Parametric (https://www.parametricportfolio.com/blog): If your clients are using more traditional commingled products for their passive exposures, they may not know how much tax money they’re leaving on the table. A look at possible advantages of a separately managed account.
Turbotax (https://blog.turbotax.intuit.com): Whether they’re talking diversification, gainful hobby or income stream, what to remind them about the tax benefits of investing in real estate.
The National Association of Tax Professionals (https://blog.natptax.com/): Q&A from a recent webinar on day cares’ unique income and expense categories.
Boyum & Barenscheer (https://www.myboyum.com/blog/): For larger manufacturers, compliance under IRC 263A is essential. And for all manufacturers, effective inventory management goes beyond balancing stock levels. Key factors affecting inventory accounting for large and small manufacturing businesses.
Withum (https://www.withum.com/resources/): A look at the recent IRS Memorandum 2024-36010 that denied the application of IRC Sec. 245A to dividends received by a controlled foreign corporation.
PwC made a $1.5 million investment to Bryant University, in Smithfield, Rhode Island, to fund the launch of the PwC AI in Accounting Fellowship.
The experiential learning program allows undergraduate students to explore AI’s impact in accounting by way of engaging in research with faculty, corporate-sponsored projects and professional development that blends traditional accounting principles with AI-driven tools and platforms.
The first cohort of PwC AI in Accounting Fellows will be awarded to members of the Bryant Honors Program planning to study accounting. The fellowship funds can be applied to various educational resources, including conference fees, specialized data sheets, software and travel.
“Aligned with our Vision 2030 strategic plan and our commitment to experiential learning and academic excellence, the fellowship also builds upon PwC’s longstanding relationship with Bryant University,” Bryant University president Ross Gittell said in a statement. “This strong partnership supports institutional objectives and includes the annual PwC Accounting Careers Leadership Institute for rising high school seniors, the PwC Endowed Scholarship Fund, the PwC Book Fund, and the PwC Center for Diversity and Inclusion.”
Bob Calabro, a PwC US partner and 1988 Bryant University alumnus and trustee, helped lead the development of the program.
“We are excited to introduce students to the many opportunities available to them in the accounting field and to prepare them to make the most of those opportunities, This program further illustrates the strong relationship between PwC and Bryant University, where so many of our partners and staff began their career journey in accounting” Calabro said in a statement.
“Bryant’s Accounting faculty are excited to work with our PwC AI in Accounting Fellows to help them develop impactful research projects and create important experiential learning opportunities,” professor Daniel Ames, chair of Bryant’s accounting department, said in a statement. “This program provides an invaluable opportunity for students to apply AI concepts to real-world accounting, shaping their educational journey in significant ways.”