A career in accounting may begin with balancing books and ensuring compliance, but as the business landscape continues to evolve, accountants are becoming top-level advisors and filling roles that have not traditionally existed. While many find fulfilling career paths within accounting firms, others may explore roles in various sectors. The skills honed in accounting — from analytical thinking, to financial acumen, to meticulous attention to detail — serve as a robust foundation for accountants to take leadership roles across the business and help drive strategy at companies in various sectors.
Throughout my career, I’ve realized time and time again how the accounting roles early in my professional experience have set me up for success across many aspects of business and finance. Our skill sets as accountants are incredibly valuable, whether in accounting firms or other business settings, especially for professionals looking to navigate leadership, foster innovation, and drive successful financial operations in any organization.
Establishing foundational leadership skills
The accounting profession is well-known for its rigorous expectations and demanding workloads at all job levels. Just say the phrase “busy season” and even a seasoned professional will have a slight feeling of dread. The skills that we take from these experiences, however, are invaluable.
Companies are constantly facing internal and external evolution, and my accounting background set me up to help my organization navigate these changes and take advantage of complex opportunities. As business leaders, we must adapt to meet these changes while maintaining continuity and progress.
In my role, this means maintaining an unwavering focus on how to transform financial processes to help businesses optimize for efficiency. Doing this successfully requires:
- Analytical skills to make sense of data that is necessary for strategy, decision-making and rationalizing return on investment.
- Strategic and critical thinking skills to anticipate future challenges and opportunities for innovation — and develop the foresight to have the right tools to meet the needs that come next.
- Attention to detail to ask the right questions to identify the problem statement and decide where changes are needed.
- Adaptability to chaos to develop a comprehensive plan (and contingency plan) to deliver on objectives.
- Relationship-building to develop strong partnerships with both internal and external stakeholders and ensure effective change management.
These are skills that accountants develop and hone throughout their professional careers.
The journey from accountant to business leader
Accountants are able to make significant strides in their work by nurturing a drive to continually learn and ask questions. In the words of Ted Lasso, “Be curious, not judgmental.”
With my teams, I often talk about the need for continuous professional curiosity. This comes from my experience in accounting, where we performed ongoing analysis and had to constantly evolve the questions we were asking our clients.
For professionals making the shift from a finance role to a more operational role or advancing within their organizations, marrying traditional audit professional skepticism with intellectual curiosity (combined with strong cross-functional partnerships) can lead to enhanced innovation and improved processes.
Strengthening the profession from within and outside
It’s a great time to be in the accounting profession. As the industry evolves, it is exciting to be contributing to and helping define this new era of accounting.
One important contribution is making time to mentor younger professionals and aid in their development. Mentorship provides an opportunity for seasoned professionals to share the lessons we’ve learned from our own diverse career paths. Few things bring me more professional joy than witnessing someone motivated by their own curiosity create something truly transformative.
For accounting professionals who have transitioned into adjacent business roles, there are a multitude of ways to make an impact on the profession. For example, having an accounting background in the fintech sector can be greatly beneficial to companies developing products and solutions to support financial operations. Applying accounting insights to product development can help bridge the gaps between finance, technology and other business functions.
In addition to helping overcome knowledge gaps between accounting and technology, accountants can serve as key advocates for their profession, helping to ensure technology augments the role of accountants instead of replacing it, and advising on ways for firms to overcome resistance to tech adoption to improve efficiency and earn greater profit.
Carrying accounting skills forward
My experience in the accounting profession was essential for navigating my career path to where I am today: supporting other accounting professionals and an entire business to help deliver successful outcomes.
By embracing the skills and experiences gained as accountants, professionals can find meaningful ways to continue contributing to the growth and scale of their companies — even in roles that extend beyond traditional accounting.
Whether you choose to build your career within accounting firms or explore opportunities in other sectors, the foundational skills and experiences gained in accounting will serve you well in any leadership role you pursue.