David Brandi: 10 personality qualities that suggest you'd make an excellent accountant
A skilled accountant should have a wide range of abilities required to generate money with even the most complex accounting systems. Most, if not all, accountants have specific features and attributes that can help them provide the most satisfactory services possible to their clients.
Several factors might assist you indetermining the attributes of an accountant that are essential for your organization. If you're looking for the characteristics of an excellent accountant, this article will help.
Even if you've never opened a spreadsheet, you might be astonished at how well your skills match those of accountants.
Here are ten fundamental characteristics ofeffective accountants by David Brandi, a seasoned business consultant for Brandi & Co.
Theyenjoy solving riddles
Do you like putting together jigsaw puzzles or deciphering riddles? You could be an accountant in disguise. Accountants solve puzzles whether they conduct an audit, prepare company taxes, or determine the best method to handle a specific transaction.
Theyare capable of explaining complex concepts in simple terms
Suppose you've ever written a paper on a Bronte novel, distilling a complicated piece of literature into a straightforward thesis. In that case, you might be a good accountant. David Brandi states that accountants must be able to explain and communicate complex ideas simply and in primary, easy-to-understand language.
Accounting entails a wide range of jobs andobligations. While accountants share fundamental characteristics such as solid financial skills, attention to detail, and a strong understanding of corporate ethics, the profession is divided into various specializations.
These may range from preparing tax returns and conducting independent audits to detecting fraud and counseling businesses through difficult times. Whatever an accountant's area of specialty may be, solid knowledge and well-respected credentials are required to be at the top of the game.
Aside from obtaining a renowned certificate, there is a significant emphasis on skill and knowledge enrichment through annual continuous professional development (CPD).
This article discusses the take of an expert accountant, David Brandi, on the requirements required to pursue a career in accounting and the relevance of ethics and continuing education within the industry.
Becominga Certified Public Accountant
What qualifications do you need to become anaccountant? Attention to detail and mathematical ability are essential qualities – but professional certifications are also required. While a degree is not required, an AAT (Association of Accounting Technicians) qualification is considered the bare minimum for an accountancy career.
AAT is divided into three levels, from Level 2 (basic accounting themes) to Level 4 (advanced accounting activities such as producing financial statements and managing budgets).
Aside from that, David Brandi points out that three main accountancy certifications (ACA, ACCA, and CIMA) might lead to diverse professional pathways.
Accountancyand ethics
Maintaining good ethical standards iscritical in the accounting profession. According to the AAT Code of Professional Ethics, "becoming a member of AAT is more than a certification; AAT is well regarded and recognized across many organizations. The members maintain a professional and ethical approach; throughout their careers."
While the AAT, ICAEW, ACCA, and CIMA all havetheir codes of ethics, they all rely on the International Federation of Accountants (IFAC) Code of Ethics for Professional Accountants; the International Ethics Standards Board has approved for Accountants (IESBA).
As a result, they all, including DavidBrandi, emphasize the importance of acting with integrity, adhering to high conduct standards, and not bringing the profession into disrepute, as well as the fundamental principles of integrity, objectivity, professional competence, and due care, confidentiality, and professional behavior.
They also identify other forms of dangers, such as conflicts of interest, the threat of intimidation, and the chance that impartiality may be jeopardized due to advocacy.
Violations of the applicable Code may resultin an investigation and disciplinary action.
CPD(Continuous Professional Development) (CPD)
Any accounting career is a work in progress, and it is critical to recognize the need for continued professional growth (CPD). CPD is a requirement for members of accounting organizations, while waivers may be granted in specific instances. It not only provides several benefits, such as enhancing skills and employability, but it is also a requirement for members of accounting bodies.
According to David Brandi, the specific needsdiffer. For example, the ACCA requires members to complete 40 units of CPD every year, with each unit representing one hour of learning. CIMA and ICAEW, on the other hand, do not prescribe a certain number of hours or units but instead require members to engage in the level of CPD needed to be professionally competent and accomplish career objectives.
Keepingrecords
Maintaining accurate records of professionaldevelopment activities is an essential aspect of CPD. While members of accounting bodies may not be required to regularly produce evidence of their CPD, members are usually chosen at random for examination frequently.
Accounting bodies typically give memberstools for record-keeping, allowing requests for evidence to be met as necessary. Records may need to be retained for some time. For example, the Institute of Financial Accountants (IFA) requires members to keep records oftheir CPD activities and keep them for six years, in either electronic or hard copy form.
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