People believe that Professional accountants are often extremely precise, with their eyes focused on detail and a broad amount of practical knowledge, and rightly so. Even the smallest mistake in this environment, can have a huge impact on a client’s business.
People often ask about the professional qualities expected of an accountant. This question is popularly asked by hiring managers and job seekers. So, to help answer this question, we decided to write an article on the qualities of an accountant.
What Qualities Do Accountants Need?
What qualities do you have that will make you a good accountant? Below is a list of some qualities of a chartered accountant:
1. Excellent organization
Accountants must keep up with all figures, data, and paperwork in their daily jobs and activities in a business organization. They need a system where they can easily find any information they need at a particular time. all accountants should be able to organize their work to maximize productivity and also allow time for undisturbed research and analysis of the business.
ALSO READ: History of Accounting
2. Killer time management skills
Nowadays, accountants are playing an increasingly important role in contributing to strategic decision-making in a business organization, so their schedules are full to the top. They are expected to take care of many tasks which goes beyond financial management and should be able to prioritize them in other to make the most from their time at work.
3. Attention to detail
These qualities are obviously key in the daily activities of accountants who need to make sure that all the numbers work and are correct. An eye for details and due diligence for accuracy should be part of their mode of operation, not something they should be reminded.
ALSO READ: Users of Accounting Information
4. Focus on the client
Being in the accounting profession means not only dealing with numbers, but with clients or customers as well. That is why accountants should have a very strong orientation toward meeting client requirements – they need to have a strong knowledge about the industry, sector, and client in detail. Only this can help them to decide which of the accounting rules or economic measures could fit the business organization.
Oh yes – great accountants must possess creative minds as well. They're the ones who go extra miles in thinking to come up with fresh ideas and solutions to solving a particular problem – some client problems aren't minor cases and it require special attention and a degree of creativity to solve them.
ALSO READ: Who is a chartered Accountant: What they do
6. Commitment to the sector
Accountants should commit themselves to a particular industry and be passionate about it. This quality is what makes them very employable – companies are looking for accountants for long-term employment and would stop at nothing to motivate such talented accountants to join their team. That's probably because replacing an accountant costs a lot of time and effort, seriously affecting the productivity of employees during the dreadful transition period.
7. Extreme trustworthiness
The kind of information which accountants deal with on a daily basis is very confidential in nature. One of the most important qualities of a good accountants is that they are professional and never reveal any knowledge to third parties or outsiders. This is the ethical way to conduct an accounting business, and when an accountant have a reputation for trustworthiness, it can only help in scoring great jobs.
ALSO READ: Duties of an Accountant
8. Great communication skills
Furthermore, accountants must be able to communicate and collaborate with their colleagues from different departments in the organization. They should also be able to communicate key insights to non finance staff – accountants can use various data visualizations form to help their communication effort and ensure that their insights are properly understood. Communication is also very important in developing successful relationships with clients.
Many professionals don't expect this. We've all cherished the idea of a very lonely accountant busy number-crunching in a small separate room – but this assumption is completely not correct. In fact, accountants are team players and provide support to different departments in the organization – that's why they should be able to efficiently communicate the knowledge of their expertise to clients and decision-makers.
Accountants who are able to accept challenges and effectively respond positively to changes in working environments make up for very valuable members of any organization. In the digital age, offices change at an accelerated pace and accountants must be able to adapt and take advantage of those alterations. A high level of agility is also necessary for quick responds to regulatory changes in the industry – only then they can provide quality service in the business.