For Accounting Professionals: These Skills Will Make You Stand Out

Throughout the years, the role of an accountant has transformed from simple to advanced. Most businesses and institutions seek the skills of an accountant to manage their finances, including dealing with books, computing for returns and investments, etc. Luckily, there are a lot of accountants available for immediate hiring, but recently companies look for technical abilities, innate talent, and soft skills as well.

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For instance, a few years back, an accountant’s job was to sit at his desk, and he would be able to do everything from there. But now things can be unpredictable for him. His job entails him not only to work from the office but also outside – in the business world – where he needs a great personality and a lot of self-esteem to succeed.

People who lack confidence in their abilities may negatively compare themselves to others and may refrain from trying new things out of fear of failure. — Wendy Salazar, MFT

If you are one of the many accountants who are lining up to be hired by lucrative businesses, here are four vital skills that will get you to the top of the list.

 

Self-Esteem/Leadership Skills

Hiring managers know full well that a confident accountant has a strong and assertive personality. So whether you’re fresh out of college or a seasoned accountant with years of experience, interviewers will look into that confidence level because they know that if you have it, you’ll have the ability to lead, discuss findings, or defend arguments of his clients. Step up and prove your leadership skills, and surely your future is brighter than the rest.

When you feel your blood pressure rising in response to a comment – or when you hear your disagreement with someone escalating or getting “stuck” in one of those endless loops, PAUSE and take a deep breath. Do not say the next thing on your mind. — Elaine Shpungin Ph.D.

Communication Skills

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An accountant who is looking to stand out in his career would have to be an effective communicator, one who is capable of listening as well as conveying statements in a way that his clients and colleagues will be able to understand very well. This means that he is verbally and orally proficient so that all types of messages go across. This also means that he has a keen attention to detail and is not satisfied with a document that is left unedited or a verbal statement that is not prepared.

Self-Determination

Work won’t always be smooth and easy, and while you must be a good communicator, you must also be able to decide for yourself which situations you need to focus on and which ones you need to let go. If you are given near-hopeless circumstances, you must have the initiative and enthusiasm to do the best that you can to finish a project that you were tasked to start and succeed in the end. To show this to the interviewer, you can recall an experience where you faced a dilemma, and you successfully pulled it through.

Self-determination is not something that can be bestowed by people in positions of sufficient power to make decisions such as this. In fact, self-determination can’t be granted or taken away. — Timothy Carey Ph.D.

Client Service Skills

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This one is the last but certainly not the least. The field of accounting today requires you to be responsible to your clients, and you will struggle with this responsibility if you don’t possess skills for it. Today’s competitive market needs accountants who are proficient in explaining to clients who do not have your qualifications to be able to comprehend. An employer will truly be impressed if you can win over someone and decide to transfer to your side.

Conclusion

You may have what it takes to be a potential candidate, or perhaps your skills need polishing. Either way, possessing these skills are crucial to succeeding in your career. Start learning them today.

Financial Stressors And How To Deal With Them

According to a report from the American Psychological Association, financial stress is one of the most common causes of stress that is seen in all parts of the world. Nearly 75% of Americans struggle with money problems, which is a significant number, as financial stress is strongly associated with various health problems as well. These problems include depression, sleep deprivation, anxiety, and heart disease, among others. With the continuing rise in the cost of living, a lot of American families undoubtedly feel the burden of financial stress.

…23% of all participants scored positive for PTSD-equivalent scores for financial stress, and 36% of millennials. Due to diagnostic roadblocks (mentioned below), we aren’t calling this PTSD, so we’re calling it AFS. — Ryan Howes PhD, ABPP

How Financial Stressors Affect One’s Health

Worry over money can tremendously affect one’s health in various ways:

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  1. You may develop coping behaviors that are not geared towards making you better. Some people don’t want to think about the financial problems that they turn to alcohol and drug use, binge eating, or smoking. All we all know that these won’t solve the problem but rather add to it.
  1. You may oversleep or lack too much sleep. It’ll be difficult to sleep normally with all the anxiety over how you’re going to pay your bills or put food on the table for your family. Erratic sleeping patterns will likely lead to a lowered immune system, impaired cognitive abilities, and mood swings.
  1. Negative Emotions. Frustration, anxiety, and hopelessness can arise due to lack of funds or a buildup of debts. Negative emotions increase stress levels, leading to self-neglect, decreased self-esteem, and poor coping skills.

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When considering financial knowledge, many psychologists and public policymakers focus on financial literacy, defined as an understanding of basic economic principles and financial concepts such as how interest rates work, the effects of inflation on savings, the differences between individual stocks, bonds, and mutual funds, and so on. — Utpal Dholakia Ph.D.

How To Cope With Financial Stressors

If you are determined to learn how to manage your financial dilemma and move toward a financially stress-free life, try following these tips:

  • Understand How The Debt Process Goes. It would be wise to learn the steps of the debt cycle so you won’t fall into a trap. When you have sufficient knowledge about what debt does to you not only financially but also mentally, then it will also help you detach from it. Then you want to find ways to build a future that starts from practicing positive habits that don’t involve borrowing money.
  • Don’t Spend More Than You’re Earning. If you have a family, you must know how to budget your earnings and don’t spend more than your income. Even better, learn to spend much less than you’re earning so that you have a little more left for savings. Living within your means is one of the best ways that you can manage your finances and reduce your stress.

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  • Find Simple Ways To Earn Extra. If you need additional money to come in, look for means to earn extra income, means that you don’t take much of your energy so you won’t be adding stress to you. Talk to family members or friends who might know about some part-time jobs you can do. Or you can check online for some easy tasks that you can do after your full-time work hours.

 We may notice changes in our concentration, appetite, and energy or a whole host of changes in our behavior. Other times we are less aware of how we are affected in the small ways, and before long, we feel overwhelmed. — Marni Amsellem, PhD

  • Practice Stress-Relieving Strategies. While you’re going through the process of resolving your financial situation, don’t forget to balance it with healthy activities that can help you relax and stay focused on your goal. Exercise, meditate, eat right, and get enough sleep.

By trying to follow the tips mentioned above, you may be able to get your finances going your way. Soon, you’ll be able to adapt these into your lifestyle and reducing financial stress will be easy and more manageable.