Key Skills for Future Accountants

With AI knocking at the door threatening to turn the accounting profession upside down, accountants need to know which skills are most likely to be in demand in the coming years. In the spirit of giving you a leg up, the team at JMF Associates have put together the following list of 5 key skills for future accountants (that can also help current accountants).

Take the following list to heart to future-proof your accounting career.

1: Tech awareness

The introduction of AI into the accounting space is not like the introduction of the adding machine. AI is set to affect nearly every aspect of the accounting profession and accountants must familiarise themselves with the new technology if they hope to avoid being swept aside by it.

2: Analytical skills

If you hope to thrive in the era of thinking programmes you will need to know how to transform data into actionable insights. The accountant of the future should have a thorough understanding of data analytics at both the theoretical and practical levels.

3: Rock solid communication skills

In order for all your actionable insights to be of value you will need to know how to convey them in a clear and concise manner. Therefore cultivating your communication skills will be of paramount importance as we move into the future.

4. Business Acumen

If you are to make a meaningful contribution to the success of the business you will need more than technological awareness and a creative mindset. You'll also need to have a comprehensive understanding of how the business works from the loading dock to the executive office.

Conclusion

The coming days will present a host of unprecedented challenges to accountants at every level of the profession. The best way to ensure your continued relevance is to focus on upgrading your skill set so that you become an indispensable member of the company team.