Question

What skills do a CPA of the future should possess to be successful?explain

Answer 1

A CPA or a Certified public accountant should posses the following skills to be successful:

1- Communication - An accountant has to interact with all kinds of people in a work environment, so strong written and verbal communication skills are very important. Being friendly with your colleagues, respectable towards your seniors and informative to your subordinates, all this is reflected by how good you are communicating with them. Apart from this , CPA also has to prepare reports, write emails, attend meetings etc in all these clarity of information is seen which he wants to convey. So ultimately the excellence of a CPA very much depend on his communication skills

2- Integrity - Everyone who are involved in business both internal as well as outside parties rely on truthfulness of financial statements which are prepared by CPA. Therefore he must ensure that there is honesty, truthfulness and transparency in those reports so that no party is misled in any way and financial statements are able to serve their basic purpose successfully which is to provide information related to Profitability, growth and financial position of the enterprise to all stakeholders concerned

3- Leadership - A very key skill of every person is how well he can guide and train those below him . In most organisations there are teams for every sectors even accounting, therefore CPA must have a good leadership skills so that he is able to guide other members of team to work hard towards accomplishment of organisational objectives. A good leader shouldn't just be a boss but as a friend he should also interact with everybody to solve their issues so that they can give their best.

4- Tech Savvy - A CPA must have a sound knowledge on the latest software which are in use so that he can provide the same level of skill and better quality service as are expected from a CPA by company. He should update himself so that he can take advantage of technological advancements and try to turn them into opportunities rather then treat them as a threat

5- Knowledge updation - CPA must follow the norms and standards which are in use so that his prepared accounts are lawful and acceptable. The rules for preparation of accounts and their relevant standards keep on updating and CPA must also update his knowledge respectively. By learning and improving skills CPA can provide better service to their clients

6- Creativity - The situations that arise in a daily working environment cannot be ascertained with certainity . CPA must be able handle different scenarios which may all not be favorable so he must also have strong tolerance. Using his skills , knowledge and creativity he should find ways to deal with such changes effectively so that he can discharge his duties without any problem or setbacks