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The accountancy profession, as we know it, faced challenges in technology--what with the concerns on how artificial intelligence poses threat on their jobs regarding the way it can take over their roles. Finance teams found their way in 2024 to keep up with the ever-changing market landscape brought about by a number of factors.
I then applied for a Junior Accountant position and pursued further studies to support that career shift. When facing professional challenges, my approach is centred around maintaining a problem-solving mindset and a proactive attitude. This helps in developing a well-informed strategy to tackle the problem.
Almost all (95%) of UK business leaders acknowledge the importance of accountants to their organisations, According to new research from online accounting provider FreeAgent. Notably, it found a convergence of opinion between accountants and business leaders on the top skills accountants need to be successful.
Written by Leigh Schaler In a recent interview on the CFOTalks podcast, Zebediah Marewangepo a Senior Business Consultant at Taxdirect, shared his insights on the accounting profession in Zimbabwe and South Africa. but somewhere along the line I ended up doing accountancy and I then finished college in 1994.
At Bramasol, these core values are Excellence, Integrity, Passion, Teamwork and Accountability. In addition to being a cultural fit with our core values, we always look for consultants who are much more than just technical experts; they also need to be strategic thinkers, effective communicators, and problem solvers.
Both experts agreed that open communication and realistic goal-setting are crucial for creating a workable budget. Anderson highlighted the need for fundraisers to communicate clearly about the timing of pledge payments and cash flow implications. As Morris aptly put it, “Fundraising does not happen in a vacuum.
These experiences introduced me to the broader business world and significantly accelerated my career. Following my articles, I moved into the corporate sector as a Group Accountant at Datacentrix, gaining insight into private sector finance. What key skills should a newly qualified accountant develop on their path to becoming a CFO?
AI in accounting and finance is supremely suited to identify patterns and trends with unparalleled accuracy, speed and scale, and this will be an absolute game changer for our industry."
Through structured communication and collaborative problem-solving, Wong says he focuses on fostering clarity at every level, eliminating confusion, and driving unified efforts. I firmly believe in the power of self-improvement,” says Wong. Ensuring everyone is aligned on the most critical goals and priorities is essential.”
Whether you’re a finance professional, business owner, or decision-maker, understanding how to leverage FIS can mean the difference between reactive problem-solving and proactive success. This means decisions can be made quickly, without waiting for accountants to prepare reports.
Also honored with Standard Bank Eswatini’s BLUE SHEroes Award and recognized by the Eswatini Institute of Accountants. This broadened her skills and highlighted the importance of cultural sensitivity, teamwork, and innovative problem-solving. That just blew me away, it will forever be a pivotal moment in my life.
Having a formal education in accounting, business, and management, as well as certifications such as CPA, CFA, CMA, and the likes, would give the requisite foundation and theoretical understanding." believes in "passion, passion, and passion" that is passion for strategic impact, passion to add value, and passion for problemsolving. "As
As a CFO, you are often seen as the custodian of integrity and accountability within the organisation. This builds confidence and encourages proactive problem-solving. Effective Communication is Key Clear, open, and honest communication is at the heart of any successful organisation.
While some team members may be proficient in traditional accounting practices, others may excel in data analytics, risk management, or even tech-driven financial innovations. Different work styles, communication preferences, and problem-solving approaches may create friction.
Not only does this make your department more efficient, but it also builds problem-solving and leadership skills. Allowing someone who primarily works in accounts payable to gain experience in forecasting or treasury provides them with a broader understanding of finance operations.
When it comes to revolutionizing your financial management, finding the right accounting partner is a critical decision. This introspection will guide you towards the ideal accounting partner that aligns with your unique needs. Look for an accounting partner that values open communication, responsiveness, and proactive problem-solving.
Members’ Spotlight: Charles Westermeyer In this edition of CFO Club Africa’s Members Spotlight, we are introducing Charles Westermeyer , a seasoned financial professional and the current Director of Bluline Accounting Tax Assurance (Pty) Ltd , where he has been making a significant impact since 2016.
CFOs typically have a deep understanding of economic theory and practice and strong analytical and problem-solving skills. They may work in various industries, such as investment firms, accounting firms, banks, or the government. They must also help customers understand their coverage, file claims, and manage their accounts.
Although hired as a Financial Manager, I found myself knee-deep in operations, problem-solving, and finding better ways to work. Collaboration and open communication are also central to how I tackle difficulties. He was not disappointed!
A career “Expectation for a controller continually evolves,” according to Giselle Arellano-Geronimo , vice president – head of finance, accounting & procurement (controller) at Shearwater Health , and the winner of the 2024 FutureCFO Controller of the Year Award.
The distinction is crucial in understanding how to approach problem-solving in an organization. While complicated problems can be solved with the right formulas or spreadsheets, complex problems require more. They demand strong interpersonal relationships and effective communication.
For many accounting and finance professionals, being a chief financial officer (CFO) is a career highlight. Get to know your finance and accounting team As a CFO, you are the leader of the finance function, and as a leader, you should seek to be a resource to your team. However, getting there is only the start of the journey.
Financial Expertise Fractional CFOs typically have a strong background in finance, accounting, and related fields. They often hold advanced degrees such as MBAs, CPAs (Certified Public Accountants), or CFA (Chartered Financial Analyst) certifications.
FP&A candidates typically have a background in finance, accounting, or a related field and possess a combination of skills and knowledge in financial analysis, modeling, and strategic planning. Experience: FP&A candidates may have prior experience in financial analysis, accounting, or related roles.
Challenges often reveal new problems to solve, demanding increased focus on finding innovative ways to improve efficiencies. Customers’ changing needs also require a response identifying and addressing these evolving needs. Innovation: Corda Company: R3 R3’s Corda is a leading DLT platform for financial services organizations.
There were also inefficiencies with the connection between the different systems their data lived in, which caused backups in Sage Intacct, their accounting software. “If The goal here was to help managers better communicate with their teams. Their professionalism and excellent communication made us feel valued,” Alicia shared.
For example, if you want to move into accounting, consider joining a school board or nonprofit board, volunteering at your child’s school as treasurer, or setting up your own small company and taking on clients separate from your day job. This type of arrangement isn’t going to be feasible for every boss or company.
This is the findings of a recent talent survey by the Association of Chartered Certified Accountants (ACCA) across the accountancy profession. Communication, problem-solving, adaptability, and initiative are identified as the core competencies employers in APAC eagerly seek.
Their primary duties include financial planning, analysis, risk management, financial reporting, and leadership of the finance & accounting team. Virtual CFOs leverage cloud-based accounting systems, collaborative tools, and remote communication to provide financial services to businesses on a part-time or “fractional” basis.
Editor’s note: A certified public accountant herself, Tammy Coley (pictured), Chief Transformation Officer at BlackLine , shared with FutureCFO audiences how she transitioned from accounting and FP&A roles to a transformation one as well as advice on how to upskill oneself to become a transformation leader.
Once the CFO’s mindset is aligned with the four attributes, the next step is to demonstrate and model corresponding behaviours and communications with the finance team. Further, the questionnaire required the respondents who managed specific finance and accounting responsibilities. All industry segments qualified for the survey.
He has a BCom from Unisa, majoring in financial management and financial accounting, and is registered as a Business Accountant in Practice at CIBA. This combination has helped me throughout my accounting career. That’s probably the biggest new element but accounting is still the main underlying responsibility,” says Jeandre. “My
CFOs need strong finance and accounting skills, along with years of experience, to find ways to enhance the organization's financial well-being. The CFO may work with the finance and accounting team to predict the effects of different operational decisions. Resolve accounting and finance problems.
AI lets the team focus on high-level activities Finance and accounting professionals are meant to spend their time on high-value and creative work to grow the business. Cross-functional collaboration also leads to stronger relationships and improved communication. They can dramatically improve the workplace culture and productivity.
These days, strong computer skills, as are advanced knowledge of accounting, budgeting, and finances. The specialist skills within finance and accounting that are proving to be the most difficult to find amongst job candidates include business/financial analysis, compliance, financial planning and analysis, risk, and internal audit.
CFO Club Africa is a division of the Chartered Institute of Business Accountants, the professional body for business accountants, financial managers and chief financial officers. and join our community of accounting and finance executives. I had a very good accounting teacher and that is when I leaned towards accounting.
Today’s podcast is sponsored by Draftworx, which provides automated drafting and working paper financial software to more than 8000 accounting and auditing firms and corporations. CFO Talks is a brand of the South African Institute of Business Accountants. First of all, welcome, Henk, where are you based?
“I just sat there smiling and hoped that nobody would ask me a question,” comments Cox, recalling one of a number of experiences that he credits with helping him to step beyond his accounting career roots. Cox had been recruited to Advent by a VP of finance who had formerly been a client of Cox’s when he was an accountant at Pricewaterhouse.
This includes technical skills like accounting and financial analysis and soft skills like communication and problem-solving. Fostering a Collaborative Culture: Encourage Open Communication: Create an environment where team members feel comfortable sharing ideas, asking questions, and providing feedback.
Legacy Reporting Tools Limit Capabilities One of Avison Young’s clients needed to create a series of financial dashboards in their enterprise accounting system to track and manage budgets for a multi-million, multi-year real estate construction project. Collectiv brought a wealth of problem-solving experience to the table.
So far, all of the social media content from Facebook and Instagram pages has disappeared, though its Twitter account still has content for the time being. Finn accounts will now be changed over to Chase accounts. Users will have to download the Chase app and get a new debit card, though the account details will not change.
This can help with internal communication, problem-solving, conflict resolution, and growth acceleration. These diagrams can include information about job titles, responsibilities, job roles, reporting relationships, and communication channels between different departments or divisions. Functional org chart.
Fluent in three languages, he found that his experience at Berlitz broadened his perspective and honed his communication skills. He decided to pursue further education in the latter, where his analytical mind and problem-solving skills began to shine. Still, something was missing.
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