The paper "Accounting Regulation and Assessment of Emerging Risks " is an outstanding example of a finance and accounting assignment. Firms are normally so careful on the kind of employees they recruit for their accounting jobs. One of the qualities they look into is the ability of the new employee to learn the accounting software very quickly. Once they are recruited, they have to constantly master and be able to understand the new accounting software taught them. This software varies from one company to the other according to their preference and the kind of work they do.
Data analysis has also become a key consideration in many business sectors, and therefore knowledge of how to do this is an added advantage to the new recruits. Firms encourage the employees to get their CPA license within a very short time after they are employed. The plan of the employees to get to further their knowledge in CPA. The employees can be taken for further upgrading of their skills in their line of duty. The main idea behind every accounting report is to provide useful information for decision making to further the company in its growth and profit increase.
Quality is therefore key. Quality reports may help reduce the risk of volatile foreign currency exchange rates; it may also help reduce the risk of making costly mistakes. Knowledge of Excel is one of the paramount and key consideration (Gaffikin, 2005) Good communication skills expressed by the employees can distinguish an individual from others and therefore place them at a higher position for the opportunity than others. However, excellent communication skills without accounting skills remain vanity.
One with good accounting skills and yet not much versed in good communication skills can perform averagely better and can improve very fast when trained (Martan, 1998). The two of these merged can open many doors. Team player. All the accountants get to be team players only and only when they can be able to work well with others. This is important because they are most likely to find themselves in leadership positions. This is evident by the fact that most firms require accountants to be part of the management team.
To examine on this, the companies will require previous work experience or rather if the person they are planning to employ had participated in one such activity that puts them in a position to know how to work with people. Mentoring of entry-level employees. This is an important step to be made as this is the way through which the organization gets to improve its efficiency. High-level employees are to be trained to get them acquainted to the managerial positions. Skills such as time management are very important as far as business is concerned.
Administrative skills alongside others must not be forgotten behind. The destiny of the business is upon the hand of the management. It should also not be forgotten that even when one is at the topmost position, mentoring and training continues for the prosperity of the business. Before this mentor-mentee relationship, there is a particular thing that must be in place: both must identify areas of improvement that should be worked on, they must have regular face to face meeting, and the mentor has to write a report on the progress of the mentee.
This report is forwarded to the mentee’ s immediate supervisor. Mentees should also be receptive and be ready to handle the assignment and submit in time as their agreement with the mentor is. A post-program reporting schedule should be organized where the superior of the mentee can be able to evaluate the progress of the mentoring program as far as the application of the skills is concerned. Putting the acquired skills to practice must be the point of identifying the impact of the training (Hans, 1994).
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