Accountancy. How many of you are aware of the skills required for a successful career in this area? In name, it may not seem the most glamorous career option available, but take a closer look and you could find yourself at the heart of business, making key decisions.
No matter how big a company ever gets, the need for an accounts department persists. Perhaps that focus is on auditing, maybe management or tax and finance related. Chances are, you will start in one of two career paths – technical or commercial.
For those of you with who feel numerically literate, here are the skills you need to start off on your journey.
Accountancy has been an indispensable tool of business since day one. No project can get off the ground without a tight control and solid method applied to the numbers. Innovation is needed because, as the business world evolves, so too does the accounting requirements that go with it. Often, recruiters will be looking for candidates with fresh ideas – poised to make an impact on the future of the accounting universe.
Part of the sacred requirements in any industry, once again communication is vital. Accountants need to convey complex information in the most straightforward way possible. Whether you are an outside firm hired on behalf of a business, or you are part of an internal accounts team, it is likely you will need to work alongside colleagues on every level. Assessments of these skills start when you apply for your first accountancy role.
- Commercial Awareness
It’s perhaps a little surprising that people forget about this. While certain skills are basically offshoots of common sense, the need for commercial awareness is crucial. Commercial awareness is, in essence, the knowledge of how and where your business fits in the market – how it is affected by economic, social and political movements and how it can forge ahead and evolve. It is about knowing your craft.
We all have particular brands we are fond of using. Most of the time, the reasoning behind our choices comes down to one thing: trust. The same applies when you are building your career. You want people to trust you. Credibility is the currency that you can trade on. With more credibility comes more opportunity. Through building a credible brand, you are also laying the foundations for a solid future.