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    Accounting For Managers: Skill Requirements in Accounting

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    shreeram iyengar
    This document discusses accounting skills for managers. It begins by defining accounting skills as the abilities to accurately manage financial transactions, analyze financial data, and generate financial reports. It then lists reasons why accounting skills are essential for managers, such as determining profitability, enhancing financial communication, and assisting with borrowing and negotiations. The document separates accounting skills into hard skills, like knowledge of financial statements and accounting software, and soft skills, such as analytical abilities, communication skills, and industry knowledge. It concludes by recommending ways for managers to improve their accounting skills, like researching topics, consulting experts, taking courses, and documenting learnings.

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    Accounting For Managers: Skill Requirements in Accounting

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    shreeram iyengar
    6 views9 pages
    This document discusses accounting skills for managers. It begins by defining accounting skills as the abilities to accurately manage financial transactions, analyze financial data, and generate financial reports. It then lists reasons why accounting skills are essential for managers, such as determining profitability, enhancing financial communication, and assisting with borrowing and negotiations. The document separates accounting skills into hard skills, like knowledge of financial statements and accounting software, and soft skills, such as analytical abilities, communication skills, and industry knowledge. It concludes by recommending ways for managers to improve their accounting skills, like researching topics, consulting experts, taking courses, and documenting learnings.

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    This document discusses accounting skills for managers. It begins by defining accounting skills as the abilities to accurately manage financial transactions, analyze financial data, and generate financial reports. It then lists reasons why accounting skills are essential for managers, such as determining profitability, enhancing financial communication, and assisting with borrowing and negotiations. The document separates accounting skills into hard skills, like knowledge of financial statements and accounting software, and soft skills, such as analytical abilities, communication skills, and industry knowledge. It concludes by recommending ways for managers to improve their accounting skills, like researching topics, consulting experts, taking courses, and documenting learnings.

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    6 views9 pages

    Accounting For Managers: Skill Requirements in Accounting

    Uploaded by

    shreeram iyengar
    This document discusses accounting skills for managers. It begins by defining accounting skills as the abilities to accurately manage financial transactions, analyze financial data, and generate financial reports. It then lists reasons why accounting skills are essential for managers, such as determining profitability, enhancing financial communication, and assisting with borrowing and negotiations. The document separates accounting skills into hard skills, like knowledge of financial statements and accounting software, and soft skills, such as analytical abilities, communication skills, and industry knowledge. It concludes by recommending ways for managers to improve their accounting skills, like researching topics, consulting experts, taking courses, and documenting learnings.

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    Accounting For Managers

    SHREERAM M R PES1PG22MB426
    Department of MBA

    SKILL REQUIREMENTS IN
    ACCOUNTING
    ACCOUNTING FOR MANAGERS
    CONTENTS
    SD.

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

    • Accounting skills are abilities that allow to


    accurately and ethically manage financial
    transactions, analyze financial data and
    generate financial reports. 
    ACCOUNTING FOR MANAGERS
    Why are the Accounting Skills Essential?
    .

    - Determining Current and Future Profitability


    - Creating Synergy and Enhancing Financial Communication
    - Setting Goals and Tracking Progress
    - Helps in 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 like Tally and others
    - Business Analytics Software

    • Staying Updated
    - Legal Provisions
    ACCOUNTING FOR MANAGERS
    1

    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

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