Self Assessment and Personality Development

This report includes a self assessment and analysis of future growth opportunities. It also includes a personal development plan and steps to achieve goals.

Running head: SELF ASSESMENT AND PERSONALITY DEVELOPMENT
SELF ASSESMENT AND PERSONALITY DEVELOPMENT
Name of the Student:
Name of the University:
Authors Note:

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Self Assessment
In this report there will be a self assessment and an analysis of my future growth
opportunities. I begin this report with a self analysis template as provided below:
Past and Background Details Bachelors of Business in Accounting
Short term Goals Getting a Job in Accountancy Profile
Long term Goals Establishing Myself in life. Having my own
house, car and a handsome salary with added
incentives. Heading an Accounting team or
becoming a director or Chairmen of a
Company.
Opportunities Lots of Financial Firms opening with growth
and Development of Business. According to
general market survey, Accounting firms in
Australia were valued at $20 billion in 2016
and there has been an average annual growth
of 2.6% between 2012 and 2017. An
accountant generally earns on an average
$55464 per year but the recent growth in
Accounting Industry will increase this
estimate.

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Financial and Personal Goals I want to earn a salary of around $80000 in a
reputed Company. Another goal of mine is to
work in such a way that my work earns me
recognition and I also want to get promotions
as early as possible in my Career.
Work-Life balance Maximum 10 hours of work in lean season
and it can extend to 12 hours in peak season.
Ideally I would like to work within the above
mention time frame but if my work requires
me to work overtime for a day or two, I
would not mind.
Communication Skills I would judge myself good in informal style
of communications. However in a firm
Professionalism is to be maintained therefore
Formal communication skills needs to be
developed.
Unique Ability I consider myself to be hardworking, honest
but the ability which sets me out is the knack
of picking up things quickly and adapt.
Personal Development Plan
I am presently working in a restaurant as an Assistant Manager. I want to get an
accounting profile job in a reputable company. For achieving the above goal I will be

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preparing a Personal Development Plan which will be divided in steps and it is given below
(McGrath, 2014):
Step 1: Requirements of becoming an accountants.
1. The first and obvious requirement is to get an accounting degree and become a
graduate in the field of commerce or business.
2. The second requirement is optional that a person should have some working
experience in the field of Accountant.
3. Attaining a master degree really provides value to the name. This again is not
a necessity but is optional.
4. Another optional requirement can be getting a certificate showing that a
person is fit for the job of an accountant.
As per the requirements mentioned above, I fulfil the first requirement as I have a
valid degree of Bachelors of business in Accounting. In the second requirement it is required
that some working experience is necessary but I do not have any working experience in any
firm as an Accountant. I am currently working in a Restaurant as an Assistant Manager. Then
the next requirement is an optional which is to have a master degree. I currently do not
possess a master degree but if it will increase my chances in getting a better job profile in
Accountant field than I can pursue a distance learning course from a university. The last
requirement states that a person who has a certificate from a professional institute has more
chances of getting a similar job. This is also optional.

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Step 2: Analysing My Strength and Areas of development.
In this step I will analysis the strengths I possess which can help me in the role of an
accountant in future. The areas of my strength are discussed below
1. Good in Calculations: The job of an accountant requires a person to be
exceptionally good with numbers. He should be able to calculate any sum and be
systematic towards the representation of the data. I believe that I am up for this as
this too is my strengths, I am an Assistant Manager of a restaurant therefore
occasionally I check the Sales record for any discrepancies. Therefore I have some
experience on such matters.
2. Problem Solving Ability: I am actually very good in solving problems and am a
quick learner. In my current job, I face problems which might be related to cash
shortage or problem of absent employee problem, Complaints about the quality of
food or bad presentation day in and day out. I feel that I deal with these problems
effectively. An accounting profile job is challenging but I think I can handle any
situation that comes before me.
3. Hardworking: Most of my co-workers and even my boss feel that I am hard
working and honest. I feel that if in any field a person is honest towards his work
than he will succeed no matter where he works.
Now the areas where I think I can improve and develop more are given below:
1. Communication Skills: As I have stated earlier my communications skill is good. I
feel there is still scope for improvement. In an accountant job profile, there will be
situations where the Accountant needs to communicate with the clients or external
party or suppliers even. There is still lack of confidence in me which I feel I can
improve on as confidence is also an important factor of smooth communication.

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2. Expertise Area: I have never worked for any accounting job profiles therefore it is
natural that I might lack in certain areas which a trained or experienced person
might not lack. This will come with experience and I think I will improve on this
as well.
Step 3: SMART Action Plan
The third step involves developing and implementing an action plan with SMART
technique. The analysis is given below:
1. Specific I need improvement in my Communication
skills. I need more confidence when I am
handling any problem which can be solved
by effective communication skills.
2. Measureable Acquiring knowledge of the current
accounting norms and practices as well as
dealing with a problem more confidently.
Experience in Accounts can be achieved
through maintaining and checking books of
accounts which I will be doing for my
restaurant in mean time.
3. Attainable I will be acquiring knowledge of Standards
of Accounting by the end of this month and
will be trying for my Master’s degree in
distance education system which will be
available in a year’s time. This degree will
definitely help me to get a better post like

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team head or supervisor in an accounting
firm.
4. Relevant My goals of becoming an Accountant and
establishing myself will be impacted by my
level of skill in the field which I think I will
have after my Master’s completion.
5.Time bound I will be achieving my goals within five years
of time interval including my goals of
establishing myself in life, having my own
house. My aim will be to head a Accounting
team in a five years time.
Gaps between Self Assessment and Personal Development Plan
These are the gaps in my plan where I believe I can improve. The following are given
below:
1. Firstly I have already pointed out that my communication skills need improvement.
The job profile which I have in mind will be requiring excellent communication skills.
2. Secondly I have also pointed out that I do not currently possess the expertise which is
necessary for an accountant but I believe as per my personal development plan I can
overcome this gap.
3. Lastly I feel there will be a lot of competition for this job profile. In modern era it is
quite a popular job profile. Therefore it is not going to be easy getting my desired
profile

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Plan for Achieving My Goals
My goals are set which are to establish myself in life, earn a good salary, have my
own house, and lead an Accounting team in a well reputed firm. In order to achieve these I
will follow the follow steps:
1. I have knowledge that nowadays Accountants have moved from traditional methods
of accounting to Modern practices which uses Computer programs like Tally, Excel. I
think taking classes from Youtube will be helpful for learning tally or excel. I feel if I
possess knowledge of such software then it will give me a tactical edge.
2. Another way of getting experience is by doing a part time job for low salary in an
Accounting firm as an intern. This will elevate my confidence and help me in my
future goals. As per Maslow’s Need Theory, this measure will addresses my Esteem
needs and provide me confidence and even recognition ( Kaur 2013).
3. My life will be hectic if I follow the above part time job plan but it’s worth it, the key
is to have a ideal work-life balance keeping my honesty towards my work. Another
aspect is the will to continue in order to achieve my goals.

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References
Kaur, A. (2013). Maslow’s need hierarchy theory: Applications and criticisms. Global Journal of
Management and Business Studies, 3(10), 1061-1064.
McGrath, M. (2014). Personal development plan. Leading the Way, 11(1), 21.
.