The global economic landscape has changed drastically over the past few decades. Advances in technology have made the competitive business landscape a global arena, with companies taking advantage of the internet to grow their customer base like never before. Furthermore, the ability to form business partnerships over international borders has ushered in unprecedented change.
For this reason, and many more, businesses need a number of qualified accountants on their teams. This has led to growth in the job market, which has led many to consider pursuing this career. If you are interested in a degree in accounting online, the following personality characteristics are important to cultivate.
Attention to Detail
Stripped down to its fundamentals, the job of the accountant is to ensure the money in equals the money out for a business. Often a very detail-oriented process, this means every accountant should prioritize attention to detail.
Pursuing your degree in accounting will likely include learning how to use spreadsheets to simplify the process. Attention to detail is important because even missing a single dollar can carry through the entire spreadsheet and make the entire document inaccurate. Furthermore, attention to detail is important because accountants are responsible for making sure the company abides by the laws set by the Securities and Exchange Commission. The last thing any business wants is the attention of the government on its balance sheet. To prevent this from happening, skilled, detail-oriented accountants are vital.
Attention to detail is an important characteristic to work on and exemplify to other employees. It will help you to build and supervise any team efficiently.
Skills with New Technology
As alluded to above, the ability to use technology to make life easier is a vital part of both earning an a href=”https://onlinedegrees.nec.edu/accounting”>accounting degree online and using that degree in the workplace. Accountants have to crunch countless numbers on a daily basis and the speed with which they crunch these numbers makes them a valuable asset to the company. The faster an accountant can power through a spreadsheet, the more work they can produce for the company. This leads to an improvement in the company’s bottom line and makes the accountant a strong team player. In order to perform their work in an efficient manner, an accountant needs to be skilled with traditional software as well as ever-evolving online accounting solutions and cloud technologies. Computers can crunch numbers faster than any human can and having an accountant who knows how to use this technology effectively will be able to do efficient work.
Proficiency with new technologies will not only help you stand out in the workplace, it will also allow you to run teams of employees more efficiently. It is a skill essential to any leadership position in accounting.
Persistence in the Face of Mounting Challenges
Persistence is a vital characteristic of the modern accountant – it is also a skill that can be built over time.
For any accounting position – from a tax focused position to a forensic one – the answers may not be obvious immediately. Sometimes the numbers you are working with form a puzzle that will need to be worked out skillfully and slowly. Losing focus or giving up will not only lead to your work suffering, it can be demoralizing to your team. Mistakes can then be made that can cost your company a large amount of money. For this reason, it is important that accountants persevere in the face of challenges.
A Thirst for Learning
Leaders set the tone for their company, so it is vital that they prioritize learning and keeping up to date with the latest laws and regulations. The same is true of accountants at all levels of the organizations.
After getting your degree, the learning does not stop. The laws and regulations surrounding companies and businesses are always changing, as the tax code is updated on an annual basis. Accountants need to keep up with the changes in legislation and apply them to their job. Continuous education is not only vital for doing a good job for clients, but it is also the key to keeping your skills sharp.
Communication Skills and Prioritization of Teamwork
Any team environment requires effective communication skills and teamwork.
Like anyone else, accountants often work as a team, often within larger organizations. They often rely on the work of the people before them and must perform solid work for the people that come after them. Not only are accountants expected to answer questions but they are often expected to be able to translate the language specific to their field into a language that other employees can understand. This requires communication skills to ensure that everyone is on the same page moving forward and to avoid confusion and costly errors.
Accounting is a rapidly growing field for a number of reasons. The evolving global economy, the rebounding local economy and the consistent need for qualified accountants are just a few. Accounting remains a competitive and challenging industry that requires the leadership qualities discussed, and then some. As leaders, accountants will be expected to guide a team, teach others about new technology, pay attention to the details, show persistence in the workplace, and stay up to date on the latest research in the field. This makes accountants a valuable asset to every business and effective leaders for their teams.
To learn more about the growth of accounting and how you can get your career started, visit New England College online.