Here are 4 Accountant Qualifications That Companies Look For

The finance and accounting (F&A) industry is experiencing rapid growth, with thousands of fresh graduates and experienced professionals seeking opportunities for career advancement. As F&A roles continue to evolve due to technological advancements, having the right qualifications as an accountant is becoming increasingly challenging. Understanding what employers are looking for is crucial in securing a job in this competitive industry.  

To assist you in reaching your career goals, this article will outline four key qualifications that accounting firms and organizations seek in potential accountants. 

1. Knowledge of the GAAP and Ethical Practices in Accounting

The first and foremost qualification that employers seek in accountants is a solid understanding of the generally accepted accounting principles (GAAP) and ethical practices in accounting. Firms expect you as their accountants to adhere to these principles and maintain a high level of integrity. In addition, familiarizing yourself with these guidelines and staying updated on any changes is crucial to demonstrate your expertise during interviews. Employers value candidates who can ensure accuracy and compliance in financial reporting, as mistakes can have significant consequences for the company. 

2. Proficiency in Using the Latest Software and Technologies

With the advent of financial technology (FinTech) and automation, accountants must embrace the use of cutting-edge software and technologies. Employers seek candidates who are adept at using cloud accounting platforms, automation tools, and artificial intelligence systems. Demonstrating proficiency in these technologies will showcase your ability to streamline accounting processes, improve efficiency, and adapt to the evolving industry landscape. 

3. Ability to Communicate with Others

Technical expertise alone is no longer sufficient for accountants. Soft skills, such as effective communication, have become an integral part of the required qualifications. As finance and accounting professionals increasingly collaborate with individuals from various business functions, the ability to communicate complex accounting concepts in a clear and concise manner is vital. Accountants need to bridge the gap between technical accounting terms and the understanding of professionals from different fields within an organization.  

 Read: 3 Important Soft Skills New Accountants Should Have 

4. Leadership Potential

Companies value accountants who not only excel in their tasks but also exhibit leadership potential. 

Accountants who display a willingness to enhance their existing skills, collaborate effectively within teams, and bring innovation to their organizations are highly sought after. The ability to demonstrate leadership potential positions you favorably in the competitive financial and accounting industry. Climbing the career ladder in this field requires hard work, determination, and a blend of technical expertise and soft skills.  

 THE BOTTOM LINE

Landing your dream career in finance and accounting requires hard work and determination. In addition, to thrive in the financial and accounting industry, possessing the right accountant qualifications is essential. With the field rapidly evolving and becoming increasingly technology-driven, accountants must stay updated on GAAP, ethical practices, and state regulations.  

Employers also value proficiency in utilizing the latest software and technologies, such as FinTech and automation. Additionally, strong communication skills and leadership potential are sought after qualities that set candidates apart. By equipping yourself with these qualifications, you position yourself for success and open doors to exciting career opportunities in finance and accounting. While technical expertise remains important, developing the desired accountant qualifications will place you in an advantageous position to excel in your career. At D&V Philippines, we understand the evolving demands of the industry and invest in our employees to ensure they possess the necessary skills and qualifications.  

If you are ready to launch your career in finance and accounting or explore outsourcing options for your accounting firm, we invite you to visit our D&V Philippines website to explore the possibilities with working on us or you can download our Employees to Partners content offer to know how D&V Philippines invests in its employee.  

This post was first published 21 March 2018 and edited 03 November 2023. Edited by: Angelica Garcia