Professional and Personal Development in Accounting
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Added on 2022/12/09
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This presentation explores the concept of professional and personal development in the field of accounting. It covers career paths, strengths, challenges, and ways to overcome them.
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Professional and personal development
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Table of Content Introduction Description of professional field Discussion and analysis of career paths Use of graphs for illustrating career paths Identification of strengths and linking them with possible career paths Identification of possible challenges as well as discussion about ways to overcome them with strengths Conclusion
Introduction Professional and personal development could be defined to aspects which assist an individual in managing their own growth along with learning through out career. To understand the concept, selected field of professional interest for the presentation is Accounting in which a person performs responsibilities of account analysis, financial statement analysis, auding and so on.
Description of professional field Accounting is a professional field of recording, cataloguing, analysing together with reporting financial transactions of an enterprise(Stout, 2020). It is an on-demand career field with impressive salaries together with job opportunities.
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Continue… While working in the profession of accounting, my key roles and responsibilities includes the following in the company: To prepare, maintain and interpretsignificant financial reportsfor the entity. Tooffer guidancerelated to reduction of cost, enhancing revenues and maximising profits.
Continue… Accounting bodies have significant mandate to represent, promote addition to enhance the profession at global level(Christensen, 2018). There are certain trends that influences profession of accounting which are as mentioned: Accounting automation Transparency and security Data analysis
Discussion and analysis of career paths Career paths are termed to smaller number of jobs on a career cluster which makes use of similar skills(Loh, Peong and Peong, 2019). With the help of career path, an individual is able to find out the ways to move from one occupation or job to another within the cluster of careers. It comprises of jobs which an individual requires to hit for ultimate goals of career.
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Continue… The first phase of accounting career path engrosses acquiring appropriate education. There is various career path in field of accounting which are discussed and analysed underneath: Entry level Mid-Level Senior Level
Use of graphs to illustrate career paths Career paths are either the path through a sector or any path for reaching greatheightincareer(Arnaboldi,BuscoandCuganesan,2017).For instance, when a person has goal to become Personal Financial Advisor, they typically start their career with Staff accountant or Junior accountant.
Continue… Some of career paths in the field of Accounting are as illustrated: Tax Accountant Internal Auditor Compliance Officer Budget Analyst Financial Examiner Operational Research Analyst Credit Analyst Personal financial Advisor Financial Analyst
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Identification of strengths and linkage with possible career paths When an individual strives to make career in field of Accounting, then there are ample of skills, knowledge and potentials that they are requiredtolookfordevelopmentaswellasbuildingthem throughout the path of career(Shaub, 2020).
Continue… Many a time, it goes without saying that impeccable skills and knowledge about techniques to work effectively are required within an Accounting professional(Loft, 2020). As an Accounting professional, my key strengths and their linkage with possible career path are as identified: Out of box thinker An eagle eye for details Commercial acumen along with strong client focus Effective communication
Identification of possible challenges and discussion about ways to overcome them with strengths Challenges are invitation as well as call for action. They vary in scope along with complexity. As much as people love their working, they face some challenges over time(Adriana, Amalia and Utami, 2020). Mentioned below are possible challenges and ways to overcome them in Accounting profession with my core strengths: Automation Continuous learning Expense management
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Conclusion As per the information presented, it is concluded that personal and professionaldevelopmentcreateswideropportunitiesforthinkingin structuredandthoroughmanner.Personaldevelopmentresultsin improving focus, building and managing relationship, developing positive attitude along with cultivating a mindset for reaching ultimate goals in life. Likewise, professional development leads to fostering collective knowledge, boosting job satisfaction of an employee, making organisation more appealing and making succession planning easier.
References Adriana, P., Amalia, R. and Utami, K., 2020, April. Accounting Ethics Education intheIndustrialRevolution4.0:AnEducatorsPerspective.In1stAnnual Management, Business and Economic Conference (AMBEC 2019)(pp. 21-25). Atlantis Press. Arnaboldi, M., Busco, C. and Cuganesan, S., 2017. Accounting, accountability, socialmediaandbigdata:revolutionorhype?.Accounting,auditing& accountability journal. Berry, R. and Routon, W., 2020. Soft skill change perceptions of accounting majors: Current practitioner views versus their own reality.Journal of Accounting Education.53. p.100691.