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Friday, April 12, 2024

ACCOUNTANCY NOTES FOR ADVANCED LEVEL - Form 5 and 6

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 ACCOUNTANCY NOTES FOR ADVANCED LEVEL


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HOW TO IMPROVE ACCOUNTING SKILLS

 

1.   Enhance your soft skills

To be a truly effective accountant, soft skills such as communication, time management and problem-solving are a must. Your human resources department may give training classes in these types of skills or be able to guide you to other resources. Business coaches can help in this area and there are also online courses and books on soft skill development.

 

2. Technical skills

Technical skills include specialized competencies required to perform accounting tasks and use software programs and other tools. They include knowledge of standard principles of accounting, computing abilities, quantitative analysis and financial market forecasting and modeling techniques. You can gain accounting software proficiency, data analysis and knowledge of regulatory standards.

 

3.   Adapting

Like the frameworks guiding taxes and financial reporting, the accounting profession constantly changes and evolves. Accountants should always be prepared to adapt to changing standards and protocols, as well as technological advances, workplace dynamics, and new platforms for client interaction. According to Kyle Bryant, CPA, change is particularly common in the public accounting profession.







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