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You're a new hire in a fast-paced accounting role. How can you keep up with the pace?

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You're a new hire in a fast-paced accounting role. How can you keep up with the pace? Accounting is a dynamic and demanding profession that requires constant learning, accuracy, and efficiency. Whether you work in public, private, or nonprofit sectors, you'll face deadlines, regulations, and changing standards. How can you cope with the pressure and perform well in your new role? Here are some tips to help you succeed as a new accountant.

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CPA Grace Syovata Musyoka (MISM)

Microsoft Dynamics 365 Business Central (NAVISION) Senior Consultant|Developer | Software Engineer|Software Consultant|…
Andrew Ramses, FCCA

Accounting Advisory | ACCA | IFRS, USGAAP, FRS101, FRS102
Mike Seno

Consultant

1 Set realistic goals

The first step to keeping up with the pace is to set realistic and achievable goals for yourself. Don't try to do everything at once or compare yourself to others who have more experience or different responsibilities. Instead, focus on what you can control and prioritize the most important tasks. Break down your projects into manageable steps and track your progress. Celebrate your accomplishments and learn from your mistakes.

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CPA Grace Syovata Musyoka (MISM)

Microsoft Dynamics 365 Business Central (NAVISION) Senior Consultant|Developer | Software Engineer|Software Consultant| Accountant |Project Manager
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Here are some tips to keep up with a fast-paced accounting role as a new hire: - Prioritize and stay organized with to-do lists and calendars. - Develop strong time management skills. - Look for ways to streamline processes and automate tasks. - Communicate clearly and don't hesitate to ask questions. - Continuously learn and stay up-to-date with industry changes. - Practice self-care to avoid burnout. - Seek help from colleagues and managers when needed. - Improve multitasking and adaptability skills. The key is finding ways to work efficiently, stay focused, and maintain a healthy work-life balance.

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2 Seek feedback and guidance

The second step to keeping up with the pace is to seek feedback and guidance from your supervisor, colleagues, and mentors. Don't be afraid to ask questions, clarify expectations, and request help when you need it. Feedback is essential for improving your skills, avoiding errors, and resolving issues. Guidance can help you navigate the organizational culture, policies, and procedures. Build rapport and trust with your team and leverage their expertise and support.

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3 Keep learning and updating

The third step to keeping up with the pace is to keep learning and updating your knowledge and skills. Accounting is a profession that requires continuous education and development. You need to stay on top of the latest trends, technologies, and regulations that affect your field. Read industry publications, attend webinars, enroll in courses, and join professional associations. Seek opportunities to expand your scope of work and take on new challenges.

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Andrew Ramses, FCCA

Accounting Advisory | ACCA | IFRS, USGAAP, FRS101, FRS102
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Continuous learning is key to success, especially in this time where there are a lot of updates taking place. Accountants and practitioners need to be aware of the upcoming updates in IFRS, and sustainability reporting. Several resources are available which includes IFRS.org which has a lot of useful articles, webinars and podcasts that would help keeping pace of the new updates.

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4 Automate and streamline

The fourth step to keeping up with the pace is to automate and streamline your workflow and processes. Accounting involves a lot of data entry, analysis, and reporting that can be time-consuming and tedious. You can use various tools and software to automate and simplify your tasks, such as spreadsheets, accounting software, cloud-based platforms, and macros . These can help you save time, reduce errors, and enhance your productivity and quality.

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5 Balance and recharge

The fifth step to keeping up with the pace is to balance and recharge your energy and well-being. Accounting can be stressful and exhausting, especially during peak seasons and busy periods. You need to take care of yourself physically, mentally, and emotionally. Set boundaries and limits for your work hours and responsibilities. Take breaks, exercise, eat well, and sleep enough. Find hobbies and activities that relax and rejuvenate you. Seek support from your family and friends.

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6 Adapt and embrace

The sixth and final step to keeping up with the pace is to adapt and embrace the changes and challenges that come your way. Accounting is a dynamic and evolving profession that requires flexibility and resilience. You need to be open to new ideas, methods, and opportunities. You need to be willing to learn from feedback, mistakes, and failures. You need to be confident in your abilities and value your contributions. You need to enjoy and appreciate your work and its impact.

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Mike Seno

Consultant
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The team wouldn’t have asked you to join if they didn’t think you fit the culture. Your first responsibility is to confirm their good judgement. The best way to accomplish that is through obsessive curiosity, speedy learning with a keen eye best gap your skill can contribute to solving. The daily goal is to humbly add to collaborative victory.

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7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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You're a new hire in a fast-paced accounting role. How can you keep up with the pace?

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1 Set realistic goals

2 Seek feedback and guidance

3 Keep learning and updating

4 Automate and streamline

5 Balance and recharge

6 Adapt and embrace

7 Here’s what else to consider

Accounting

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