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Mar 5, 2024 · To succeed as an accountant, you need strong critical thinking skills. Ethical dilemmas, reporting errors and unbalanced spreadsheets require careful thought and investigation to arrive at the ...
- Meghan Gallagher
- Up-to-date tax knowledge. Successful accountants stay current with tax laws and mandates, which change constantly. To best serve their clients and organizations, everyone from payroll administrators to tax accountants to financial planners should take continuing professional education (CPE) courses in federal and state taxation.
- Business acumen. The further finance professionals advance in the workplace, the more they will be asked to advise upper management, assemble company-wide reports and provide big-picture perspectives.
- Presentation prowess. CPAs must know how to present information in a clear, concise and compelling manner — especially for nontechnical audiences. The key to being a good presenter isn’t reading from a PowerPoint deck, though.
- Technical abilities. Successful CPAs are the ones who master their company’s software and systems. Developing advanced skills in Excel, the workhorse of almost all accounting and finance departments, is essential.
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.
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.
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.
Apr 23, 2020 · 4 Critical Digital Skills. There are four critical leadership and digital skills that CPAs and accountants need to succeed and thrive in the 21st century, Mansfield explains. These skills include: 1. Leadership. Leadership is one key area that accountants need to incorporate into their training programs, according to Mansfield.
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Jun 7, 2021 · Communication. Career Development. Networking. As professionals advance in an accounting or finance career, soft skills become increasingly important. In a world that is becoming more digital, computerized, and automated, soft skills can be the differentiator between two employees competing for the same promotion or position.
