An analysis of skills and knowledge required to undertake degree studies in accounting and finance and follow a future career path in financial accounting
This essay will mark out the course of study of accounting and finance and formal assess the knowledge and skills that are needed for a future career path in financial accounting. Students that study accounting and finance often set goals to progress into accounting at a bank or at an accounting firm. So it will be advantageous for the students to understand the skills and knowledge to succeed in this area, as it will be essential to help the students in achieving their set goals. This essay identifies the skills that will be needed, so this essay will focus on accounting and finance and the essential skills needed as well as the ways in which these skills can be developed or improved.
The skills required to be a successful accountant are organisation, time management, adaptability, communication, openness and leadership. (Topan, 2014) Accountants should be experts with organisation; this is the key to succeed in this field. The comfort of the student is valued highly and is important to work within a structured environment. The student’s work can look similar and sometimes look repetitive so there are strict rules and regulations. Good time-management skills are needed to maintain and reach deadlines and complicated projects. Having the ability to organize and prioritize is essential. An Accountant’s work can be repetitive and involve strict rules and regulations so being organised will help reduce confusion with different clients information and results. (Dwilson, 2015)
Time management is very important to succeed in the accounting world, the better the student is with organising management the more efficient they will be, ‘so the more efficiently the student operates their schedule avoiding an excess amount of work.’ (Dominique, 2014)
Effective communication is important and vital in accounting...
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