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Dec 2, 2022 · To help you upskill for future of work in 2023 and beyond, our professional development team put together learning pathways with a focus on both soft and technical skills. Here are the top 4 skills that CPAs should focus on to advance their careers: Ethical decision-making. Leadership and communication.
Technological proficiency is a non-negotiable skill for CPAs in 2024. With the rise of fintech, blockchain, and artificial intelligence reshaping the financial landscape, CPAs need to be comfortable with emerging technologies. This skill extends to proficiency in data analytics tools, accounting software, and cybersecurity measures.
Feb 26, 2024 · Analytical Thinking: CPAs need to have sharp analytical skills to interpret complex financial data and identify patterns, trends, and potential issues. The ability to analyze financial statements, budgets, and forecasts enables CPAs to provide valuable insights and make informed decisions.
- Leadership
- Critical Thinking
- Communication
- Digital Mindset
Leadership is one key area that accountants need to incorporate into their training programs, according to Mansfield. The guiding principle of “leading from wherever you are,” means that any individual — from an early career professional to one seasoned with 35-plus years of experience — has the opportunity to practice leadership. Like any skill, l...
Mansfield has heard from many members of the accounting profession over the past few years that critical thinking skills are lacking in their team members. Yet, many surveys have shownthat critical thinking is one of the most coveted skills in new hires. Technology is a powerful tool, but it should not replace our need to think critically. Indeed, ...
Another major skill area Mansfield sees as essential for CPAs and accountants is communication. More specifically, understanding the client’s perspective and presenting ideas from the client’s perspective are critical sub-skills within this broader category: 1. 1.1. 1.1.1. Taking perspective— By stepping into the client’s shoes to analyze the decis...
The digital mindset, as Mansfield describes it, is the ability to adapt to change and apply that change to evolving their business model, practice area, or service. During this process, it’s also important to understand that technology is a tool to stand on. Indeed, another aspect of the digital mindset is learning how to evaluate technology, under...
The 2022 CPA Competency Map is the current iteration of the map and describes in detail the two types of competencies — technical and enabling — which employers in public practice, industry, and government require of accounting professionals. The new Competency Map (CM 2.0) is designed to reflect the changing landscape of the accounting ...
Jul 14, 2021 · Here are some skills every CPA should be sure to develop: 1. Consulting. Adding consulting skills to your repertoire will help you serve your clients as their needs change. In a recent report, 79% ...
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Oct 1, 2024 · Key personal and business skills. Accounting and finance professionals need comprehensive, ever-broadening personal and business skills, including: Specific aspects of costing and revenue management. Strategic and critical thinking. Communication and storytelling. Negotiating and influencing. Change management.
