Last updated on 2024年8月29日

You're aiming for career growth in corporate accounting. How can you strategize for future success?

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Embarking on a journey of career growth in corporate accounting requires a blend of strategic planning, continual learning, and adaptability. This field, with its complex financial transactions and regulatory compliance issues, demands professionals who are not only adept at crunching numbers but also at foreseeing industry trends and leveraging them for organizational success. To thrive, you must be prepared to expand your expertise, embrace new accounting technologies, and understand the broader business context of your role.

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Mannir Musa, ACA, ACTI

I help underserved Hausa-Fulani owned small businesses by providing high quality accounting, tax and business advisory…
Elizabeth C. Askew, CPA

Member-Owner at Askew CPA Consulting Firm, LLC

1 Upskill Regularly

In the dynamic world of corporate accounting, staying abreast of the latest industry standards and practices is crucial. Regular upskilling through professional courses or certifications like CPA (Certified Public Accountant) or CMA (Certified Management Accountant) can provide you with an edge. Mastery of new accounting software or advanced data analysis tools also enhances your value to employers by demonstrating a commitment to excellence and efficiency in your role.

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Mannir Musa, ACA, ACTI

I help underserved Hausa-Fulani owned small businesses by providing high quality accounting, tax and business advisory services in their own language
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To upskill regularly, ensure you complete your mandatory continuing professional education (MCPE) of your professional institution. As a member of the Institute of Chartered Accountants of Nigeria (ICAN), I ensure I complete the 30 MCPE credit hours required to keep my membership. It is also important to stay attuned to the latest applicable IFRSs as it pertains to your current and possible future roles.

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Elizabeth C. Askew, CPA

Member-Owner at Askew CPA Consulting Firm, LLC
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Planning career growth and advancement can be challenging in corporate accounting especially in large departments where it can be difficult to get noticed. Certifications are certainly a way to differentiate yourself and it’s critical to maintain them with annual CPE requirements. But in today’s environment it takes more than that to stand out. Managers look at the quality of work while achieving high output. However, when individuals take initiative, whether it’s learning a new skill, gaining insight into recent accounting or tax developments, or expanding your knowledge base, it’s an ideal way to demonstrate to Management that you are committed to your success (and the company’s). That in my experience is what sets you apart.

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2 Network Smartly

Networking is a powerful tool in the corporate world, especially in accounting where referrals and professional reputation play a significant role. Attend industry seminars, join accounting forums, and connect with peers through professional social platforms. Engaging with a community of professionals not only opens doors to potential job opportunities but also keeps you informed about the latest industry developments and best practices.

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Elizabeth C. Askew, CPA

Member-Owner at Askew CPA Consulting Firm, LLC
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There’s no doubt that professional networking is critical to a successful career. What I have found is that it not only opens doors, providing more opportunities, it is one of the more enjoyable parts of my career. Let’s face it, accounting is not always exciting, but networking is a great way to get out of the office, connect with others, it’s a chance to meet other professionals with similar interests. Plus I always appreciate a different perspective or new ideas from other professionals.

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3 Embrace Technology

Technology is reshaping the accounting landscape, and proficiency in the latest software and platforms is non-negotiable. Familiarize yourself with enterprise resource planning (ERP) systems, automation tools, and cloud-based accounting solutions. Being tech-savvy allows you to streamline processes, reduce errors, and provide insightful data analysis—skills that position you as a valuable asset to any corporate accounting team.

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4 Understand Business

To excel in corporate accounting, you need to understand how your role fits within the larger business framework. This means developing a good grasp of business operations, strategy, and financial planning. By understanding how your accounting work impacts the overall success of the company, you can make more informed decisions and contribute to strategic discussions, thus elevating your professional standing.

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5 Be Ethical

In corporate accounting, maintaining a high ethical standard is paramount. As you handle sensitive financial information, you must adhere to professional ethics and compliance regulations. Integrity in your work not only fosters trust with your employer and clients but also safeguards you against legal repercussions and upholds the reputation of the accounting profession.

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6 Plan Career

Finally, having a clear career plan with set goals and milestones is imperative for success in corporate accounting. Whether it's aiming for a managerial position or specializing in a niche area of accounting, setting a direction for your career helps you to focus your efforts and measure progress. Regular self-assessment and seeking mentorship can also guide you towards making informed career decisions.

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You're aiming for career growth in corporate accounting. How can you strategize for future success?

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2

3

4

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1 Upskill Regularly

2 Network Smartly

3 Embrace Technology

4 Understand Business

5 Be Ethical

6 Plan Career

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