In a business world that's increasingly turning to technology for strategic insights, the skill sets that accounting and finance leaders need on their teams are changing.
To capitalize on new tools, CFOs are finding that they need people who can use Big Data for predictive and prescriptive analytics; are comfortable with digital, mobile, cloud, and software-as-a-service technologies; and have strong technological skills in the area of cybersecurity. Finance leaders don't have the luxury of waiting to add these skills to their teams, Tony Klimas, EY global finance performance improvement advisory leader, said in a new EY report on preparing for the future finance function. "The change is so significant and the new capabilities so advantageous, that if you take a wait-and-see approach, you run the risk of being put at a severe competitive disadvantage," Klimas said. At the same time, finance teams need people who can see the big picture provided by the technical tools, formulate strategy, and communicate those strategic insights so the business can act upon them appropriately. These "soft skills" may differentiate the leaders in a finance department from those who are more suited for staff-level jobs. According to the 2015 CIMA Professional Qualification Syllabus, senior roles place less emphasis on accounting and finance skills and more emphasis on business acumen, people skills, and leadership skills. Meanwhile, entry-level roles require more focus on core accounting and finance skills and less focus on soft skills - See more at: http://www.journalofaccountancy.com/issues/2016/dec/balancing-soft-skills-with-technical-abilities.html#sthash.H4KAl4fE.dpuf Comments are closed.
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September 2017
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