Accounting is a highly in-demand profession right now. There is a sea of opportunities available for entry-level and experienced professionals in the field of accounting. Students pursuing graduation in the field of commerce and studying in the B.Com colleges in Jaipur need to develop these qualities to excel in the field.
1. Numerical Skill
Number skills are the most basic requirements for a career in accounting. These number-crunching skills are built around basic mathematical skills. It is important for students to enhance the ability to understand and analyse numerical information and draw meaningful conclusions. As such, some of the major numerical skills include understanding relationships between numbers, strong calculation skills, logical thinking, ability to organise information, data analysis, etc. If you choose to be an accountant in your professional life, you will be engaged in preparing various financial reports.
2. Eye for Detail
Paying attention to detail is one of the most crucial accounting skills. As an accountant, you will be entrusted with the duty of maintaining track of tasks. Any error in financial reporting can end up becoming the reason for penalties and this could prove to be harmful for the reputation of the business organisation.
3. Time Management
Accountants passed out from B.Com Colleges in Jaipur are required to manage various responsibilities, which results in a lot of activities being accommodated in a tight schedule. Hence, efficiently tracking these responsibilities becomes imperative. Such responsibilities can include portfolio management, transaction handling and meeting important deadlines. Time management goes hand-in-hand with professional requirements.
4. Computer Skill
Computer skills can become your greatest support provided the volume of information you’ll need to process on a regular basis. In the field of accounting, computer skills include knowledge of different types of accounting software, besides the basic computing abilities for excel and word. In fact, present-day accountants are required to use a wide array of accounting tools like timekeeping software, payroll software, resource management software, etc.
5. Communication Skill
A big part of the accounting responsibilities includes writing reports and presenting them to senior management. Some of the other major interactions are with other accountants, financial managers and other stakeholders of the company. As such, as an accountant, it is desired for you to be a good orator to communicate your ideas effectively.
6. Business Awareness
It should be at the top of your table of skills required to be a successful accountant. While all other technical skills and soft skills are necessary, the need for business awareness for a working professional from B.Com Colleges in Jaipur, is crucial. It means that you should have an accurate knowledge pertaining to the business profile and be well aware of the economic events taking place that can impact the business either directly or indirectly.