Accounting For Managers

SHREERAM M R PES1PG22MB426
Department of MBA
ACCOUNTING FOR MANAGERS
Content
SD.

• INTRODUCTION
• IMPORTANCE
• TYPES OF SKILLS
• IMPROVING ACCOUNTING SKILLS
ACCOUNTING FOR MANAGERS
INTRODUCTION
SD.

• Accounting skills are abilities that allow you to

accurately and ethically manage financial
transactions, analyze financial data and
generate financial reports. 
• These skills are important for accountants to
accurately and ethically manage, analyze and
report on an organization’s financial activities.
ACCOUNTING FOR MANAGERS
Why are Accounting Skills Essential?
.

- Determining Current and Future Profitability

- Creating Synergy and Enhancing Financial Communication
- Setting Goals and Tracking Progress
- Financial Organization and Compliance
- Improving Borrowing, Negotiation, and Resource Allocation
- Expert Insight and Marketing Strategies
ACCOUNTING FOR MANAGERS
Types of skills
ACCOUNTING FOR MANAGERS
1

Hard Skills

• Domain Knowledge
- Financial statements
- Regulatory standards related to corporate and public finances

• Professional Qualification
- Merger And Acquisitions
- Consolidation of Financial Statements

• Knowledge of Accounting Software

- Ability to navigate Enterprise Resource Planning Software
- Business Analytics Software

• Staying Updated
- Legal Provisions
ACCOUNTING FOR MANAGERS
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Soft Skills

• Analytical Skills:
- Analyzing the Business Transactions and recording accordingly

• Communication Skills:
- Email Etiquette
- Oral Communication

• Industry Knowledge:
- Knowing the industry for which accounting is done.
- The whole cycle (Raw Materials-Finished Goods) needs to be accounted

• Management Traits:
- Adapting technical changes at brisk pace
- Efficient use of resources
ACCOUNTING FOR MANAGERS
.

IMPROVING ACCOUNTING SKILLS

• Researching Different Topics

• Consult Experts
• Courses
• Industry Research
• Documenting the learnings
THANK YOU

SHREERAM M R
PES1PG22MB426

Department of MBA