Following is the list of accounting skills which should be in any accounting professional. If you are going to become accounting professional, you should check whether these accounting skills in you or not. If not, start to learn all these accounting skills with our accounting education website.
25. Cost Accounting
Related : List of Financial Ratios
1. Account Analysis Skills
In this type of skill, you should have the capacity get the result of showing by any account of book keeping. Whether it is liability account, asset account, income account or expense account, you can find what its balance is showing.
2. Account Reconciliation Skills
There are lots of differences in different accounts of company. Mainly difference in bank statement and bank account, we should have the knowledge to find its reasons by making reconciliation statement.
3. Accounting Information Systems Skills
Today, whole business is done on the accounting information. You have good hand to find all accounting information from system.
4. Accounting Software Skills
Your brain is enough sharp to operate any type of accounting software.
5. Accounts Payable Skills
You should have the strategy to handle your account payable fastly without taking any other loan.
6. Accounting Processes Skills
You have the complete knowledge of accounting processes in different type of business.
7. Accounting Principles Skills
You know all latest accounting principles and its usability in business.
8. Accounts Receivable Skills
You have the good knowledge to get good return from your account receivables.
9. Accuracy Skills
You are a person who will not compromise with the accuracy of company’s records. You have the knowledge of making trial balance and rectification of errors.
10. ADP Skills
ADP is payroll management software. You should have its knowledge.
11. Aging Reports Skills
You have the knowledge of making aging reports for knowing the debt in different time period.
12. Annual Reports Skills
In this skill, you are more comfortable for writing annual reports of company.
13. Asset Management Skills
For proper asset management need more attention. You have the experience to manage assets properly. When and how to buy and sell the assets and best prices.
14. Audits Skills
As a good accounting professional, you know all the basics of audits.
15. Balance Sheets Skills
You can make any type of balance sheet. Whether it is of company or not profit organization.
16. Banking Skills
You know all the banking terms.
17. Bookkeeping Skills
You know whole process of bookkeeping.
18. Budgets Skills
You have the capacity to make all types of budgets.
19. Business Awareness Skills
You have opened your ears and eyes for knowing the changes in business environment. You aware every type of business news.
20. Collections Skills
You know, how to collect money from your debtors.
21. Commitment Skills
You are so hard on your commitment. What you will say, you will do any cost.
22. Communication Skills
You know, how to communicate with different official authorities and employees.
23. Computer Skills
You are computer savy because without computer, accounting can not progress.
24. Corporate Tax Skills
You can file the return of corporate tax. You have the knowledge of international taxation.
25. Cost Accounting
You have the knowledge of finding lowest cost and keeping the records relating to cost accounts.
26. Crystal Reports Skills
You have good skills of creating crystal reports. Crystal reports are created in SAP. For this, you need designing skill. You have to change layout of database for showing more business intelligence information.
27. Debt Management Skills
In this skills, you know from where you can get cheap debt and how to repay without any delay.
28. Finance Skills
You have the knowledge of all finance fundamentals.
29. Financial Analysis
30. Forecasting Skills
Forecasting is the estimation. You have the skill of correct estimations.
31. Interest Calculations Skills
You have the knowledge to calculate all type of interest and annuities.
32. Invoices Skills
You have the knowledge to create different type of invoices as per your customer’s need.
33. Mathematical Skills
You know the basics of mathematics.
34. Motivation Skills
You are interested to self-help by adopting positive way of living your life.
35. Accounting Professionalism Skills
In this skill, you take all decisions as accounting professional.
36. Tax Analysis Skills
You can easily analyze all your paid and payable tax. Try to save tax. Try to refund all excess tax of company.
37. Tax Software Skills
You have full knowledge of all tax softwares.
38. Time Management Skills
You have the skill of effective use of your limited time as accounting professional.
39. Training Skills
You not just learn for your own purpose but you love team and you will have the teaching skill. You are interested to train your subordinates.
40. Year End Reporting Skills
You can make all year end reports like annual income statement, annual balance sheet and cash flow statement.
