If predictions are to be believed, it’s a good time to be an accountant. In a recent blog, we commented on news that skills shortages in the industry were driving up the salaries of accountancy professions. A study by CV library also confirms that accountancy and finance related roles experienced 7.2% salary growth in the UK compared to last year.
With the growth of the sector in mind it’s important to focus on the skills your education can give you that will make you competitive in the market. The fundamentals of many courses will be the same, but the skills focus may be different. Below are the top skills finance employers value in the finance sector.
The ability to make strategic decisions based on accounting information
The Association of Chartered Certified Accountants (ACCA) have compiled a great list of in-demand skills required by today’s accountants. Leading recruiters reveal that finance teams are being asked more and more to contribute to strategic decision-making. This means that those accountants who are commercially minded and can make suggestions to improve decision making are highly valued.
To ensure students are equipped to meet these expectations, the online BA Management and Professional Accounting includes modules such as Business Strategy Analysis and Accounting Context. These modules are designed to instil the learner with the knowledge foundation to consult on strategic decision making.
In practice, finance teams don’t work in isolation and are expected to be actively involved with departments across the organisation. Because of this, confident communicators are also highly valued. These days a lot of internal communication is facilitated by digital means such as email, message boards or instant messaging. Online education is an ideal way of improving your digital communication, as you will regularly be involved in digital discussion between your peers when discussing accounting concepts.
Complete mastery of the core concepts
Though accountancy positions are becoming more varied, mastery of the core elements and principles of accounting are still fundamental. Would you want an accountant working for you who was a great communicator and a valuable strategic consultant but had a lax knowledge of taxation principles? The best way to understand and retain the knowledge is to apply it to scenarios and be able to regularly review. This is why online modules are replayable and scenario-based so students can go through their degree learning through application to business typical situations.
If you’d like to improve or begin a career in accountancy, the online BA in Management and Professional Accounting is an ideal way to start your journey. If you’re interested in the course, you can register your interest by filling out the online enquiry form. Alternatively, you can speak to one of our Recruitment Advisors on 08081 789 636 (charges apply for international calls).