Academic and Employability Skills: Importance, Development, and Challenges

This report discusses the importance of academic and employability skills, including technical, innovative, and critical thinking skills. It also covers the challenges faced in developing these skills, such as time management. The report focuses on the finance & accounting field and includes references to relevant literature.

Academic and
Employability Skills

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................6

INTRODUCTION
Academic and employability is known to be the set of several traits which are required for
possessing by individuals for efficaciously maximising competencies to conduct ample number
of activities in academic and professional way. Additionally, it is crucial for person to develop
those skills at ongoing way which would be rendering success and improvement into their career.
In addition to this, the academic skills are formed by students during the period of their studies
within schools, universities and institutions (Bhatnagar, 2020). Furthermore, it incorporates in
acknowledging various models and prospects required attention level to improve those
proficiencies that tends to be above any other one. While on other side, employability skills
enables individuals for assuring the growth at workplace as these skills allows them for
undertaking various decisions by ascertaining the situations, appropriately interacts with another
individual at firms. Into particular reflective report, effectual learning that I have obtained from
specific module, specific skills gained from this module, challenges and issues tackle by me.
Also, few strategies which are utilised for overcoming from those problems are described in this
assessment.
MAIN BODY
For an individual, it is essential to consider amole number of employability and academic
skills as with aids of those competencies they could ensures the growth within their professional
life and career. Additionally, the academic skills are formed in individual into gradual way at
different stages and this also improves students or person to perform effectual at upcoming level
addition to efficacious acknowledgement and understandings. Moreover, numerous skills which
a individuals have to concentrates upon including technical, academic, employability and
innovative skills associated with finance and accounting. whole proficiency have their
effectualness to assures their growth within area of finance & accounting as it enable them to
understands numerous aspects relate to situation by ascertaining them critically (Bridgstock and
Tippett, 2019). During the time of learning a module, I have developed and learned numerous
proficiency and abilities which aids them to become proficient for being employed within their
anticipated careers or jobs so that they can obtain success in their lives as well as assists them for
contributing towards social growth. While learning the module I have also learned several topics
in respect to accounting & finance that aids me to develop my skills so that I might become
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competent to accomplish efficacious marks as well as improve ongoing learning which facilitates
me confidence related to my competencies so that I might become employable. Also through
acknowledging this topics in context of accounting and finance I might effectively able to apply
for my anticipated job profile in my preferable organization so that I could gain success in my
whole life through solving problems efficaciously and utilize my skills appropriately in order to
accomplish my both professional and personal goals effectually. The topics which have helped
me to become higher employability are finance & accounting, employability skills, innovative
skills, technical skills and many more (Chowdhury and Miah, 2019). In addition to this, there are
few crucial competencies which are formed into my overall employability into market as well as
surrounding as through this I might become competent to get job in my desirable firm with
appropriate post. Additionally at the time of learning particular module I obtain knowledge
regarding finance and accounts that includes some aspects like business, funds and management
along with fuller focus on professional career within this area. As accounting associates I have to
perform the data analysis for several business aspects, while finance totally intent on business
monetary funds. All these aids me in gaining knowledge related to many aspects within
accounting area.
Furthermore, from respective module I would also obtained few competencies which will
be efficacious for me in finance & accounting area. Moreover, few of those skills are technical
which are undertaken as set of competencies or understandings which is applied for performing
the practical activities with particular as into it those competencies could also consider to that
who utilised by analyst who obey the procedures of technical evaluation. In addition to this, I
also obtained efficacious understandings regarding technology which assists me to acknowledge
the several system of accounting in order to manage their accounting activities. The practical
skills would aids me in my professional career as in its financial environment several practices
used upgraded technology within its business like data modelling programme, Microsoft excel
and accounting associated software and so on (Fearon and et. al., 2020). Instead of it, this helped
me in gaining high post in my career. In respective area my technical competencies would assist
me in upcoming times for performing several efficacious software in appropriate way. like
Quickbooks is known to be one of the hugely broadly utilises few of accounting software
program within smaller ventures along with web model through me that boost some around 4.2
million subscribers. The particular software facilitates financial abilities set that are helpful to
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develop company such as rate tacking invoicing, payroll and so on. In this context, I would able
to perform the small or medium size employer or performing venture with them. This is
extremely having probability that I would become competent in performing into Quickbooks so
the data of particular information of respective platform is sincerely a technical accounting
competency. Academics skills are formed by students during their studies within university,
schools and institutions. Also, it incorporates in keeping understanding of various aspects and
models that are required concentration level to improve this proficiencies tends to be more than
in other. Those competencies are improved from core skills such as referencing, critical
academic writing, presentation and others (Hack-Polay, 2020). Also, it undertakes to be one of
my strengths into accounting & finance area my academics as into my studies as well as also it
assisted me to acknowledge and understands the topic which comes within specific field.
However, my analytical competencies are effectual that aids me to undertake much
effectual decision by resolving several difficulties. As this considered as a form of problem
resolving skills. Additionally, this allows me to ascertain more issues that are both simple and
complex. as by conducting several practices I have to tackle few issues so it assists me to
develop efficient decision as well as resolve those problems. Moreover, this also aids me in my
future professional growth within accounting & finance area. Such as my chosen profession is
accounting so for instance I have to be analytical by nature. As particular form of accounting job,
the capabilities help me to incorporate longer way. In addition to this, I would have to implement
deep economic analysis and become competent of the approaches that all state of affairs with
critical mind set, performing from stronger accounting knowledge for deciding appropriate
courses and tactics which are utilised. For being proficient usages of economical statistics
efficaciously, one of the maximum crucial skills for accounting professional is capable to
interpret those financial facts, analysis interaction among those information, the general business
entity and distinct individuals departments into it (Kapareliotis, Voutsina and Patsiotis, 2019).
By considering accounting as my profession, I should to be stronger problem solving as well as
choice making and also become competent to examine facts for perceiving difficulties and
challenges that deals with firm into upcoming times as well as their accounting framework,
thereafter I utilise an integrated approach to enhance effectual solutions for addressing them.
Also, I required becoming competent of assuming no long simple aspects but creatively as
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appropriately and acknowledging the effectiveness of accounting facts to whole elements of
ordinary firm’s health.
Along with this, there are several problems that incurs while performing practices as well
as those difficulties have adverse impact. Because of those challenges and lack of proficiencies I
was not become competent to gain success or efficaciously perform the needed set of activities
into appropriate way. I have also evaluated that this is vital for determining difficulties and
weaknesses that have adversely impacted this performance and influenced upon whole task
functioning. Additionally, I have also ascertained that due to lack of time management
competencies I were not become competent to effectually or successfully perform the activities.
the time management skills may explained as the capability of individuals to accurately manage
time for accomplishing overall task into specified time duration. it is also one of the crucial
competencies which are required through person as well as this would drives towards having
direct influences upon competent of individuals to accomplish objectives. I have determined that
lack of time management skills is one of the key weaknesses which have adversely affected my
performance. Because of it, I was not become proficient to accomplish my activities of project
upon specified time duration. Due to this, the failure behind not accomplishment of task on time
is that there is a delay in accomplishment of upcoming practices. In addition to this, I have
examined that this is much essential for maximising time management skills and formulate
effective plans for successfully managing the time in efficient and efficacious way (Siddiqui and
Lokhande, 2019). I have evaluated that there are other problems which has influences my
performance or competencies to conduct particular project essentially. I am also weak into
critical evaluation or ascertained several factor or prospects. So, the lack of critical thinking
skills would drives towards impact upon mu capability for taking effective decision and performs
activities. Critical analysis may be described as individual’s competencies to analysis optimistic
and adverse aspects of factor for determining their whole affects. It is much important to
undertake most relevant decision that is based upon the needed and aids to develop whole
abilities of person. By it, I have evaluated that lack of critical thinking, time management skills
that drive towards impacting my effort and performance for doing the activities in effectually.
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As there are few competencies that would create issues in my upcoming profession in
accounting & finance area. So, for overcoming from all these skills as well as weaknesses like
critical and time management skills so to develop respective proficiency, I initially needed to
trace the time which is my prior accountabilities (Singh, 2019). For understands that I would
have to obtain effective evaluating upon how I spends time during doing practices. Rather than
that I would also identify that I spend more time upon practices (that includes two hrs answering
unimportant emails), in place to focus upon accountabilities that could be urgent as well as
urgent. Also, I would have to determine, accumulate and enlarge upon certain time management
skills. With assistance of that I might become competent for managing my time effectually and
develop future career in efficiently.
CONCLUSION
As per the above report, it has been concluded that academic and employability skills is very
important for individuals. Moreover, it is crucial for person to develop those skills at ongoing
way which would be rendering success and improvement into their career. In addition to this, the
academic skills are formed by students during the period of their studies within schools,
universities and institutions. Additionally, there are some topics which helped me to become
higher employability are finance & accounting, employability skills, innovative skills, technical
skills and many more. In addition to this, there are few crucial competencies which are formed
into my overall employability into market as well as surroundings. Also, this have been
determined that time management and critical thinking skills are my weaknesses. As Critical
analysis as vital individual’s competencies to analysis optimistic and adverse aspects of factor
for determining their whole affects. It is much important to undertake most relevant decision that
is based upon the needed and aids to develop whole abilities of person.
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REFERENCES
Books & Journals
Bhatnagar, N., 2020. Employability and skill gap among MBA graduates in India: a literature
review. Industrial and Commercial Training.
Bridgstock, R. and Tippett, N. eds., 2019. Higher education and the future of graduate
employability. Edward Elgar Publishing.
Chowdhury, T.A. and Miah, M.K., 2019. Perceptions of students and employers regarding
employability skills for entry-level positions in marketing and sales. Australian Journal
of Career Development, 28(1), pp.3-13.
Fearon, C. and et. al., 2020. Graduate employability, skills development and the UK’s
Universities Business Challenge competition: a self-determined learning
perspective. Studies in Higher Education, 45(6), pp.1280-1297.
Hack-Polay, D., 2020. Are graduates as good as they think? A discussion of overconfidence
among graduates and its impact on employability. Education+ Training.
Kapareliotis, I., Voutsina, K. and Patsiotis, A., 2019. Internship and employability prospects:
assessing student’s work readiness. Higher Education, Skills and Work-Based Learning.
Siddiqui, D.M. and Lokhande, V., 2019. An Overview of Employability Skills for Students of
Professional Educational Institutions. Journal of Emerging Technologies and Innovative
Research.
Singh, S., 2019. Building Employability Skills in English as a Second Language (ESL)
Classroom in India. English Teacher, 48(2).
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