Do you have what it takes?
The following are skills and competencies considered important to a successful career in accounting:
High Ethical Standards – Given the high level of trust people place in accountants, it’s not enough to simply understand the rules of professional conduct. It requires a reliable internal compass that guides one in doing the right thing at all times. Honesty and integrity are qualities which are critical.
Interpersonal Skills – Teamwork is important in accounting and strong interpersonal skills are vital. Critical to any organization’s success is the ability to lead, motivate, and empower teams to attain clear, concrete, timely and measurable results.
Strong Communication Skills – You will be called upon to persuasively present, discuss and defend your views both formally and informally, in writing and verbally. Clients and co–workers will present you with issues and questions you will need to interpret and respond to quickly. The ability to show empathy and sensitivity will position you in a favorable light and earn their respect and trust.
Information Technology Skills – You need to keep current on emerging technologies like e-commerce, image processing, and workflow technology. You need to understand how they impact business operations and the use of information for decision making. You should know how to use the Internet, email, and discussion boards, as well as be familiar with the latest spreadsheet, database, word processing, accounting, and business and presentation software packages.
Problem–Solving, Analytical and Research Skills – You should be able to analyze, compare, and interpret facts and figures. The ability to identify and solve unstructured problems in an unfamiliar setting and provide insightful consulting advice is a valued quality. Creative thinking will help you face issues on a daily basis and generate innovative solutions. Also, to be able to effectively and efficiently research, organize, and report on technical and industry specific issues utilizing print, electronic or human sources is essential.
Marketing/Client Focus – Individuals who are marketing and client focused are better able to anticipate and meet the changing needs of clients, employers, customers, and markets.
Project Management – Conflicting demands, unexpected requirements, coinciding deadlines, and family obligations are but a few of the sources of stress and pressures you will face. To manage these pressures, you must be able to judge situations, assign priorities, and organize tasks and obligations to meet your deadlines.
Broad Business Perspective – You need a keen business sense and an awareness of current events both locally as well as globally. As a key business partner to clients and/or company management, you add value to the organization by making appropriate recommendations based on your understanding of company operations, policies, practices, and competitive factors.