CFOs who are also CPAs in Indiana are feeling optimistic about economic growth, particularly in the Hoosier state.

The Indiana CPA Society polled nearly 50 CPAs who serve as CFOs at companies, and most of them pronounced themselves to be either moderately optimistic or very optimistic about economic growth prospects over the next six to 12 months.

Indiana CPA Society CPA CFO economic growth outlook

They expressed the greatest about their state's economy, with 64 percent of them moderately optimistic and 17 percent very optimistic. Slightly less than that 81 percent total was the 79 percent who said they were optimistic about both the U.S. economy and their local economy. The local economy, however, received the highest "very optimistic" rating with 28 percent.

The Indiana CPA Society polled CPAs employed as CFOs in 25 different industries, ranging from agriculture to truck maintenance companies, and found 55 percent of them are optimistic (44 percent moderately optimistic and 11 percent very optimistic) about the potential for growth in their industry. In addition, 73 percent of the respondents said they are optimistic (53 moderately optimistic and 20 percent very optimistic) about the potential for growth within their own business.

The level of pessimism (a combination of "moderately pessimistic" and "very pessimistic") was relatively low for all segments. Only 10 percent of the poll respondents were pessimistic about the U.S. economy, and just 4 percent expressed pessimism about both the Indiana and local economies. Twenty-five percent indicated they were pessimistic about their industry, but only 9 percent were pessimistic about their company.

Neutral responses about the state, local and national economy, their industry and their business ranged from 10 to 20 percent, with the CPA’s industry being the highest neutral response and the U.S. economy being the lowest neutral response.

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Michael Cohn

Michael Cohn

Michael Cohn, editor-in-chief of AccountingToday.com, has been covering business and technology for a variety of publications since 1985.