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Career & Work 629 views Jun 13, 2019
What Makes An Accountant Successful?

Successful accountant possesses crucial skills and certain qualities make for a good accountant.  Apart from being able to diversify in all areas of accounting and following good accounting practices, a successful accountant specializes in other areas too. In here, we briefly describe on 7 key traits and qualities that make an accountant successful.

 

  1. Strong Accounting Skill:

 

The successful accountant should possess strong accounting skills and understand how accounting role impacts on the long run. Accounting skills include in-demand accounting technology skills such as advanced Excel abilities, ERP expertise and such other. The need for strong accounting skills is expanding with the role of the accountants Surrey in the current industries.

 

  1. Formal Accounting Education:

 

The first thing that makes an accountant successful is having formal accounting education. To be a professional at least a bachelor’s degree is mandatory. However, a Master’s Degree and an Accounting Degree makes an accountant different than others.

 

  1. Self-confidence and self-motivation:

 

The principal success factor of a successful accountant is self-confidence and self-motivation. Self-motivation is what drives the professional accountant into action. Most qualified accountants seem to lose their focus on earning more qualification other than a decent job. However, a successful accountant is supposed to stay highly motivated on their way to qualification while also keep up with a decent job.

 

  1. Clear concise and relevant communication

 

An aspiring professional accountant should be able to express clearly and concisely. What sets a successful accountant from rest others is that the professional knows how to communicate clearly both internally and externally.  While proper and clear communication can take an organization to higher standards a poor communication can deteriorate the whole system. As such a good accountant must understand the function of communication and ensure concisely transmitting the information between shareholders and stakeholders of an organization.

 

  1. Accounting Ethics and Integrity Standards

 

A successful and responsible accountant must carry high ethical standards and zero tolerance for errors. While generally accepted accounting principles are often required from an accountant, one must also exercise due care and competence. As such, a successful accountant should always practice sound moral judgment and accounting ethics.

 

  1. Fair and honest opinions with realistic recommendations

 

An accountant should have a fair and honest opinion and present true and accurate financial information. This is what sets them apart.

 

  1. Experience and Industry Niche Specialization

 

Gaining experiences is what makes a professional a successful accountant. Many firms seek accountants with specialized experiences in revenue recognition, anti-money laundering and backgrounds in Comprehensive Capital Analysis and Review (CCAR), etc.