The Modern-day Accountant.
By Ron Goldson on 10th October 2019
While fundamental accounting principles have not changed, technological advances have altered the technical and soft skills requirements of today’s accountants. Accounting is no longer viewed as a mere mathematical tool, but as a valuable asset that can help drive strategic decision-making for an organization. Present day accountants know more than just accounting principles; they are technologically savvy, analytical and compelling professionals.
New roles accountants play include:
- Business Advisor
Accountants now look beyond current profits and consult on the future strategic direction of an organization. They understand that numbers are only one side of the story and can create a business case that considers market risks and opportunities.
- Technology Expert
Data is everywhere and an accountant’s ability to use technologies above a traditional accounting system can help an organization use analytics to better understand what affects performance. A few in demand systems experience include Oracle BI, Tableau, Essbase, Microstrategy, SAS and SQL.
- Communications Expert
Accountants are often tasked with explaining complex accounting principles to internal and external partners. Clear and concise communication strengthens their value by translating financial information to “non-accountants” in compelling ways.
Accountants offer more than reports on the financial health of an organization. They use their expertise to help the business understand the tangible and intangible factors of what drives high performance.