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Top Skills Every CPA Must Have

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Top Skills Every CPA Must Have

You will need a unique set of skills to be a successful CPA, and that will set you

apart from others in a crowd. If you are working towards your goal of becoming

a Certified Public Accountant or a CPA, the best thing for you to do right now is to

make yourself aware of the skills that are requisites for a competent and

distinguished accounting professional. Everyone who has taken the exam or is yet to

appear for the exam would agree that the four different sections of the US CPA test

a candidate’s in-depth knowledge of the various industry-relevant aspects of

accounting. Passing the CPA exam inevitably means that you have acquired an

additional level of credibility and expertise to work in the finance and accounting

domain. However, being a credentialed accounting professional goes beyond

reviewing the plethora of CPA exam content and passing the exam. Once your

certificate is issued, you must be able to represent yourself as a professional and put

everything that you have learned to use. You must also continually develop

necessary CPA skills, as well as acquire new ones.

Management and Leadership Skills

Not everyone was born to be a leader. When you work in public accounting, and you

hold your certification, it is expected that you help develop people in the field who are

inexperienced. CPAs who work in large firms tend to hold mid to upper-level

management positions, and you need to be able to take the reigns and lead in order

to get those promotions. In order to ace your work, you must also be extremely

proactive and have excellent organizational and management skills. When you are


leading a group of employees, it is very important for you to understand each of their

strengths and weaknesses and then guide them accordingly.

Communication Skills

To excel in your job and move up the hierarchy, you, as a CPA, must know how to

get your message across. No matter what industry you work in, having strong

communication skills is extremely important. The key to being a good consultant or

an advisor is persuading and relating to your audience by telling stories, making

analogies, and speaking naturally. It is also very important for you to have good

writing skills to convey information in the right manner.

Strategic Competence

When you become a CPA, you need to put on an advisory role, look at companywide

reports of financial data, and provide big-picture perspectives. You also are

required to analyze data, find out trends, and form strategies accordingly. Strategic

competence is a must-have skill in accounting, but since CPAs hold more authority

in decision making, it is even more important that you are strategic and creative and

think critically. Recording data is one thing, but you will need to be able to look over

data and use the knowledge that you have to make recommendations and to give

insights.

Tech abilities

The volume of data that CPAs must work with today is growing at an unprecedented

rate, and it is highly unlikely that manual processes can still do the job. Automation

will help organizations effectively better their quality of governance and the quality of

financial reporting. Companies are leveraging new technologies in accounting and

finance to increase efficiency and streamline business processes.

CPAs today need the knowledge of advanced skills in Excel, structured query

language (SQL), QuickBooks (for small and midsize companies), enterprise resource

planning (ERP) systems, and business intelligence software. CPAs who embrace

technology can look for opportunities where they can apply their best skills and add

value.

Conclusion:

The above article is about the skills in demand for CPAs today. Hope this helps. If

you have any queries, feel free to comment in the section below. Happy Learning!

Simandhar Education:

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provider for US CPA, US CMA , IFRS and EA courses in India with offices in

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