Assimilating new information and data, project management or meeting new clients forms the backbone of daily tasks. As such, understanding information quickly is essential and it is through asking well thought out questions that you can get settled in no time. Start by understanding the different types of accountancy. Part of the sacred requirements in any industry, once again communication is vital. Accountants need to convey complex information in the most straightforward way possible.
Whether you are an outside firm hired on behalf of a business, or you are part of an internal accounts team, it is likely you will need to work alongside colleagues on every level. Assessments of these skills start when you apply for your first accountancy role. While certain skills are basically offshoots of common sense, the need for commercial awareness is crucial.
Commercial awareness is, in essence, the knowledge of how and where your business fits in the market — how it is affected by economic, social and political movements and how it can forge ahead and evolve.
It is about knowing your craft. To help you out, we send out a commercial awareness update every Monday summarising and analysing the key stories of the week. Bright Network members can update your profile and tick commercial awareness to receive the weekly roundup straight to your inbox. If you're not a member, sign up for free to start receiving your updates. You can also listen to our podcast, Thinking Commercially where we discuss important business and market topics with commercial awareness guru, Chris Stoakes.
Analytical ability. Accounting professionals must be able to read and interpret figures and data. This skill could apply in circumstances from filling out tax returns to auditing data to finding mistakes or fraud.
Accountants have to be accurate, numbers-minded and analytical. Detail-oriented mindset. They say the devil is in the details, and nowhere is this truer than in accounting. Every day, accounting professionals have to deal with data that they must inspect, understand, analyze and interpret. Good organizational talents are definitely a cornerstone of good accounting. A Mix of Skills In accounting, as in any profession, the most talented practitioners will have a combination of learned and innate abilities that make them right for the job.
Learn more about our accounting program. Get Program Details. In North Dakota, we do work worth doing. Join us, and you can do work worth doing, too. Good accountants are ethical, diplomatic and have well-developed people skills that enable them to develop trust and rapport with their clients. A clean workspace and solid time management skills are key traits in good accountants ensuring they can negotiate deadlines and manage complex projects.
They love a highly structured environment and are comfortable with repetitive processes and strict rules and regulations. Although good accountants are supremely comfortable with structure, they are also able to foster fresh ideas in dealing with financial difficulties.
An inquisitive mind means they embrace change, are always keen to learn more and see each new challenge as an opportunity to learn and test their skills. Because accounting is such a precise science, good accountants are adept at communicating in a clear and informative voice and can write in a style that is clear and persuasive.
They have well-developed interpersonal skills and an innate ability to assert themselves when networking. Additionally, being adaptable means that you will be required to unlearn some old tricks and learn the new tricks of the trade to beat the competition.
The best mantra is to embrace change as change is the only constant. Last but not least is the quality to be a good leader, which means that you know how to mentor your team and make yourself approachable. Although this skill set is required at a later stage of the career, but people with leadership skills upfront always draw the attention of senior management. In accounting, leadership skills can be demonstrated through strategic thinking and long-term planning.
In some of the profiles, you will be responsible to provide consulting services to your clients, and the ability to look ahead and help the clients improve their operations can be a dealmaker. The best accountants in the business are usually known for their vision — the ability to make logical decisions with a bit of creativity. In order to be recognized as a successful accountant, you have to prove your worth to the clients by helping them improve not only their present but also their future.
So, the need for these nine skills highlights the fact that how well the accounting career is becoming big. Nevertheless, good accounting skills and competencies coupled with right qualification and knowledge is the recipe for a successful career in accounting. In case you are planning to take on more responsibilities, then you can always upgrade yourself by signing up for higher certification courses in accounting.
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