Wednesday, 20 May 2015

What are the qualities required to excel in financial accounts?

Like any other profession, the market is filled with accountants. However, some stand out of the crowd and seem to excel more than others. Why is that so? Is accounting a generic subject or does it take a knack for specific abilities? Let’s take a look.
  • Logical thinking: Real time accounting is not like learning accounts in college where you simply have to follow the rules and paste items under five different headings to arrive to the right results. It takes a keen sense of logic and analytical abilities to think outside the box to make the optimum use of accounting procedures.
  • Even though mathematics and financial accounts are two entirely different subjects, it is often observed that good accountants have a knack for numbers. They have a thorough understanding of numbers.
  • And lastly, irrespective of the university you graduated from, books cannot teach you everything. Real life experience is the only way to learn and excel in a subject.
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