A recent article published in the International Journal of Digital Accounting Research emphasized the growing importance of information technology in the financial sphere to measur ethe value of an organization to potential investors. To stay afloat and succeed as a finance or accounting professional, it's essential to posses both technological and soft skills.
Skills for Finance Professionals
As baby boomers begin to reach retirement age, organizations are looking to replace retiring employees with fresh and well-trained accounting degree graduates. Since finance professionals are becoming more responsible for generating revenue and profit and are expected to be able to navigate businesses through economic hardships, a broader skill set is needed compared to previous years. Knowledge of general accounting and financial reporting, financial analysis, and software systems is imperative for employees who wish to compete. An understanding of e-commerce, business applications development, systems security, presentation software, databases, and spreadsheets is also required. To become proficient in these areas, many schools have begun to include information technology classes as part of the accounting degree curriculum.
It is one thing to succeed with analytical skills, but another to develop soft skills for effective communication in the workforce. These include interpersonal, writing, speaking, and presentation skills.Thinking critically and solving problems are also necessary aspects of finance jobs, and in order to become a leader and advance to some of the top positions, you need to be able to work with a variety of personalities. When searching for the perfect accounting degree program, look for coursework that blends both accounting-focused and general education and business communications courses. This well-rounded curriculum will have a lasting impact on your future success.
With an accounting degree, will be positioned for success in the finance industry. Obtaining an accounting degree is a challenge worth taking, as you will be prepared for a rewarding career that is potentially full of advancement opportunities.