Steps to Success

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The economy is slowly but surely making its way towards recovery: Now is the time to plan for the next step in your career. Below are a few tips that will help you along the road to success:

Know your industry
According to the Department of Labor, accounting firms are expected to see an average of about 27% growth each year between now and 2014. So what are some of the causes and the effects of this increasing demand? As the economy continues to grow, so will many businesses—which means that the need for accounting and finance will continue to increase as well. With so many available opportunities approaching, it’s good to take a step back and look at the big picture of your industry.

Know your tools
Since technology is constantly changing and improving, staying updated with the latest functions and plug-ins for your everyday tools is essential for optimal productivity. Whether it is a new interface, latest app, or just a strong grounding in excel for accountants, be sure to take the time to brush up on your software skills.

Know your material
Things like financial statements are more impactful if the users of the statements can make better decisions. Yet many financial statements land in a file somewhere and that is the end of it. Adding analysis of ratios, trends and comparisons allow accountants to gain more actionable knowledge, and communicate them to other departments.

Know your people
Those who aspire to be leaders in their company (CFO or Controller position) must  know beyond the numbers and programs; they must also be able to communicate with the people they work with. This includes people outside of the accounting and finance department, who require more explanation of numbers.    So in order to obtain a leadership role, develop your emotional intelligence and communication tactics as well as your financial and technical skills.

To provide you with the tools you'll need to advance in your career, CPE Link has designed a special CFO Success Package complete with courses on excel, financial statements, and leadership training.

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Knowing your tools (especially Excel) can do more than just keep your accounting and bookkeeping in order. Pulling financial reports and analyzing them in Excel is a great way to to end of month, end of quarter, and end of year analysis. You can also use this data as a cash flow forecasting tool to better plan your budgets.