In all types of organisations, different approaches are used in order to deal with individuals and the situations. An approach that is popularly used throughout the financial industry is the use of technical skills also known as hard skills. A technical approach are skills that are applied from the abilities and knowledge to complete specific tasks. Hard skills are specific skills such as maths and computing, that are commonly taught through education or training in the workplace to complete specific task (Wikle and Fagin, 2014). It is vital for all accounting student to learn these technical skills throughout their education to prepare themselves to enter the workforce; such as computing, mathematical skills, data analysis to be able to apply …show more content…
Marcel M. Robles has identified through research the top ten soft skills, some of which are communication, flexibility and professionalism (Robles, 2012, Page. 455). The research undertaken by M. Robles highlights the importance of soft skill attributes by business executives, in which they categorised each skill from the list as for example, 100% of the 57 candidates suggested that integrity and communication are very significant skills for employees to have so they can easily integrate with the existing workforce as this will enable them to swiftly be productive and play a key role for the company (Robles, 2012). Hence, therefore accounting students must learn soft skills through early stages of their education as employers will try their best to remove any delays, caused by new employees adjusting to the company, which will have a knock-on effect with company to complete their common objective. Not only does M. Robles highlights the importance of soft skills through his research but so does the Economic Times. As they have also reported that most of their candidates felt that soft skills were important when considering hiring new employees however, majority of those candidates they faced difficulty when locating employees with the appropriate soft skills (Ravindranath, 2016). This suggest that in the current environment for accountants has placed a great …show more content…
However, they should not limit themselves as the financial market is very saturated with accountants, making it much harder for accounting students to obtain graduate jobs. Additionally, accounting students will be classed as a risk to employer’s as they lack experience and limited in knowledge and capabilities. Therefore, they will need to diversify themselves to have a higher chance of obtaining a graduate job. To do this, they should learn and develop their soft skills as employers look out for individuals will excellent people orientated skills as they can reduce any cost attached to appropriately training the employees and they will know that you can meet customer/client satisfaction through how you communicate and present yourself. The competency model is a model that highlights, develops and promotes skills that can produce employees with high standards of effectiveness and efficiency, hence why it is used by many employers. Therefore, when this model was analysed the researchers concluded that soft skills can easily highlight exceptional leaders and managers when soft skills are effectively incorporated; additionally, they have shown that soft skill has a positive impact on their performance (De Villiers, 2010). Ultimately, it will be highly beneficial for the accounting students to be taught soft skills as employers
When I have great communication skill, I will be easier to get along with everyone in the company. Communication skills can help you to do teamwork more efficiency, give me the ability to convince business partners. This skill will help you a lot to grow and move up inside company. Related to lawyers and doctors, accounting does not involve much reading, writing and communication skills. However, according to the reports, “A high percentage of accounting firms report poor writing skill as a major reason for job termination.” (Why Good Writing Skills are Important for Success in the Accounting Profession) Accountants lost the jobs if his or her writing skill is poor. One of the most requirements for accountant is ability to read and write well, especially in the Certified Public Accountant (CPA). Moreover, communication skills are important to get a job. “Accountants need communication skills to get a good job and keep that job after they are hired.” (Why Good Writing Skills are Important for Success in the Accounting Profession) “Communication skills are very important. If you can’t communicate information effectively, then the information never gets out there: It’s lost.” (Why Good Writing Skills are Important for Success in the Accounting Profession) the quote said if we cannot express our thought to other people like our boss at the right time, the information we have may become useless. According to Thuy, she also agrees that communication skill is the most important in her job. She uses the skill to deal with her b boss and her employee in every day to day
As I have noted, I truly believe that the numerous job skills that are needed to be successful include dedication, communication, and adaptation. First of all, you must be devoted to your career if you want exemplary results. Equally important, being able to articulate your ideas, and intellectually communicate said ideas will ensure a successful time at you occupation. Last but not least, in order to be successful in your employment, you must be flexible to the obstacles that are inevitable. I urge you to strive to obtain these essential job skills because they are worthwhile.
Technical skills: Technical skills are skills that will you need specific types of jobs. They are necessary for the different types of job roles. For example if you are doing any kind of fixing job they must know how to use the tools for their job. You need a certificate to prove that you have skills for example for a cooking certificate to show that you can cook.
While working or while looking for work there are certain skills sets that are universally important. No matter what job or career path you have chosen these skills make it easier to obtain your goals, whatever they may be.
Every human being in this world is unique and each individual has different ways in which they learn. Learning styles have been formulated over the years to help us recognize the way we approach learning and methods we use to gain knowledge. It is an individual's distinctive approach to learning based on strengths, weaknesses, and preference with a mixture of various styles. In this essay, we will take a look at different learning styles and how they can be implemented and integrated in the accounting profession.
They created the important differentiation between the technical skills (hard skills) and the people skills (soft skills) by
Accounting has been described as the language of business and every successful CEO knows how important it is for successful business leadership. Strong knowledge in accounting will help every CEO to understand much quicker business problems and opportunities that arise from the analysis of financial documents. A good base in accounting will also allow the CEO to communicate more effectively with the finance staff about company investments. It is never late to master the knowledge in accounting and every CEO should make sure that he or she is up to date with the accounting rules and updates.
Transferrable skills development is essential in order to increase one’s chance in their career fields. While this is an important aspect of job searching, most students do not spend enough time to enhance these skills. There are various opportunities where a student is able to develop these skills, including post-secondary institutes and work placements. In a school setting, students are able to learn the theoretical aspects while in a placement setting, students receive hands-on experience.
Each person has a different idea of what it means to be successful. After talking to my family and some friends, I know that I have several strengths and weaknesses. I know that I will face some opportunities and threats. Also, I know that I will have competitors. In this competitive business world, understanding what is truly valuable to me is a major step towards achieving my goal. My strengths are my languages, technology skills, education, work ethic and the ability to follow directions. My weaknesses are communication skill, lack of U.S culture and working experience. Increasing job demand, globalization and accountant role expanding are three major opportunities in accounting field. Information technology, uncertainty of recession and starting salary are 3 major threats to my financial success. I will face all the accounting major competitors from the Midwest.
(i) Judgement and materiality play a significant role in helping to ensure that the selection of accounting policies in presenting the financial statements for a true and fair picture of the company’s financials. This means that entities should provide the financial statements with comparability, consistency and clarity to users of these statements. Entities must follow accounting policies required by IFRS and AASB should be relevant to particular circumstance.
Further education, which does not have to be limited to MBA program, is a major factor determining career opportunities and development. In the new fast paced world experience starts to play secondary role and personal abilities and education comes to the front (Barger, 1995). May we insist on the enormous importance of permanent knowledge acquisition for career development. Our career will hardly progress if we do not differentiate from our colleagues in terms of what specific knowledge we have and they do not. We may all be great managers, for instance, but if we also took MBA, we will certainly have a plus for a specific assignment, project or position. Specifically in Australia, where very low unemployment rate is making most of workers a bit lazy and unwilling to further their education. On top of that personality test results will help us...
Employability skills and Career readiness have become an integral part of education. Employers are looking for people with a combination of skills such as soft skills, customer service skills and life skills. Not having sufficient employability skill sets, is one of the main reason for many students not getting selected in campus drives. Focus is more on technical knowledge than soft skills in their curriculum. During the course of their education , required level of importance is not given to key qualities like effective communication, leadership qualities, time management skills, self motivation, problem solving skills and creative thinking.
From the first tutorial, ‘Current Conceptions of Accounting’, we had already change our prediction on accounting professional. At the beginning, we through that accounting professional would be more formal and format. From what we have learnt from the first two semesters of accounting, we need to do everything under the current structure, standards, and regulations. Accounting is a tool and skill that help us to achieve our career successful. However, the first tutorial activity, which require us to bring up our view of ‘accounting, accountability, or an accountant’ from a lifestyle magazine. This activity make us found that accounting could be just next to us, not just in the career field, but also could find it anywhere in our life. This activity has open up our mind of accounting
Every career requires specific soft skills in order to consider pursuing degree in that specific field. As a psychology major, some of the soft skills I need are Communication, Time management and Critical thinking. It’s very important for me to be fascinated with what I do in order to help others. The reason I picked these three soft skills is because having these skills can make me a great psychologist.
Accounting is a very important term to our modern society. It is the career for men and women who at the start have their eyes set on top positions in industry, management, government, and general business. Accounting is a basic need of every businessman, from the operator of a filling station to the government of the United States. It's so important to our society. None of the business organization can operate without is. They are there-somewhere-in every business. In small business, people use pen, ink and skill keep the records. In large business, modern accounting machines are used to operate. Men and women are directing these machines in the accounting process. Wise businessmen enter business must have some accounting knowledge.