This means that if you are interested in joining this booming field, or are already working in it but are looking to take the next step in your accounting career, now is the time to get started. This, in turn, requires these individuals to expand their general business knowledge.". The CPA Journal: Are Technical Skills Still Important? Accountants use a mix of technical and soft skills throughout the course of the workday. A strong skills section on your resume can be your employer’s first introduction to your qualifications as a candidate. A recent survey of over 2,100 CFOs across the U.S. found that they were largely looking for employees who could demonstrate general business knowledge, communication skills, leadership abilities, and customer service orientation, in addition to key accounting skills. Accountants constantly encounter errors, discrepancies, and inaccuracies -- if not … A good accountant will be able to apply professional judgment when preparing, analyzing, and interpreting financial information, and should be able to perform these tasks in a way that reflects both the art and the science of accounting. Champlain College will not share or sell personal information. As accountants become more integrated into other departments, and are drawn upon as resources for employees across the organizations for which they work, they must demonstrate foundational skills that speak to their abilities as well-rounded professionals. One of the best ways find a great job in accounting is to focus on your technical accounting skills and abilities. In addition to the technical knowledge to complete the job, you should demonstrate that you also possess interpersonal abilities which make you a valuable member … Accountants may also be required to assess an organization's accounting systems to ensure sound financial information, generate appropriate asset evaluation, and reduce the risk of fraud. A thorough knowledge of relevant laws and regulations is necessary for many positions. Important technical skills for those pursuing a career in accounting include: 6,7,8 Financial reporting and analysis (Brentmark Estate Planning Quickview, Delphi Technology, and Oracle E-Business Suite Financials software platforms) Long gone are the days of using an abacus for accounting. Brand X Pictures/Brand X Pictures/Getty Images. You must have JavaScript enabled to use this form. According to AccountingWEB, "accountants are playing a larger role in organizations today. After the financial statements are completed, the accountant records the closing entries to clear out the balances of the revenue accounts, expense accounts and owner’s drawing. Accounting professionals who wish to set themselves apart as competitive candidates for a new job or a promotion may want to develop a specialization in one specific application or type of system, or familiarize themselves on a deeper level with the most common accounting information systems so as to be able to guide and inform an organization's decisions regarding which applications to implement to facilitate accounting functions. Copyright 2020 Leaf Group Ltd. / Leaf Group Media, All Rights Reserved. The accounting skills on your resume should highlight a combination of technical knowledge, value, and soft skills. You could earn your online degree in accounting from the comfort of your own home, on the road, or during your breaks at work. Sonya has extensive experience in writing, content marketing, and editing for mission-driven businesses and non-profit organizations, and holds a bachelor's degree in English (with a focus on creative writing) from St. Lawrence University. Because so many people in accounting-related fields do not have formal training, and because so many of the accounting positions available require a credential (such as a bachelor's degree, certificate, or even a master's degree), having a set of well-honed skills in accounting will help you stand out from the competition and find success in this in-demand field. Accounting technologies are always changing, but the basic skills expected of professional accountants remain the same. Perhaps the most obvious skill for an accountant to have is a facility with financial … They must be able to manipulate, extract, and analyze from each of these individually, and often use several programs in conjunction with one another to obtain a holistic perspective of an organization's finances. As the go-to financial experts in their organizations, accountants must be able to research financial-related subjects, synthesize the information gathered, critically evaluate it, and communicate it to a non-accounting audience in a professional, cohesive, and logical way, clearly separating fact from opinion. The accountant documents any discrepancies and corrects inaccurate entries. Accountants record financial transactions through the use of journal entries. A recent survey of over 2,100 CFOs across the U.S. However, most individuals will need to have a general set of accounting job skills that translate across all areas of the field. Through hands-on experience and an emphasis on problem-solving and critical thinking, Champlain's online bachelor's in accounting degree will prepare you for success. They must be good planners, as accountants must often be looking far ahead to their next deadlines, and have strong time management skills. In addition to being able to use financial data effectively, one of the most important skills for accounting professionals is the ability to interpret that financial data, and analyze the interplay between that information, the overall organization, and various individual departments within it. Technologies such as Big Data, cloud computing, and ERP are just a few that need to be understood by accounting professionals. The accountant analyzes account transactions for reasonableness. If the balances do not match the source documents or if a document looks suspicious, the accountant investigates the difference. One of the best ways to develop accounting job skills is to pursue a degree or certificate through an accredited higher education institution. Accounting job skills consist of far more than just number-crunching: accountants must be able to execute in-depth financial analysis, and be able to approach each situation with a critical mind, working from a strong, integrated foundation of accounting knowledge to determine the appropriate course of action and the techniques to be used. Every journal entry includes both debits and credits and must balance. Accountants create financial statements which are used by investors, creditors and management. Revenues and expenses are reported on the income statement. With a program built around the American Institute of Certified Public Accountants (AICPA) Core Competency Framework, you'll gain the critical accounting and business skills today's employers are looking for. Skills for Accountants: Honing Your Technical Accounting Skills & Abilities. Luckily, online higher education is a great, accessible option for those with full-time jobs, and there are now many high-quality, affordable online colleges offering 100% online degree programs to choose from. While many skills in accounting can be obtained over time, through experience on the job, obtaining additional credentials is an important way for accounting professionals to establish their authority and expertise in the workforce.