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    PESU PPT Template

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    shreeram iyengar
    This document discusses accounting skills for managers. It introduces accounting skills as the abilities to accurately and ethically manage, analyze, and report on an organization's financial activities. Accounting skills are important for determining profitability, enhancing financial communication, setting goals, ensuring compliance, improving decision making, and providing expert insight. The document outlines hard skills like domain knowledge, qualifications, and software skills, as well as soft skills like analytical abilities, communication, industry knowledge, and management traits. It recommends improving accounting skills through research, expert consultation, courses, industry analysis, and documenting learnings.

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    PESU PPT Template

    Uploaded by

    shreeram iyengar
    73 views9 pages
    This document discusses accounting skills for managers. It introduces accounting skills as the abilities to accurately and ethically manage, analyze, and report on an organization's financial activities. Accounting skills are important for determining profitability, enhancing financial communication, setting goals, ensuring compliance, improving decision making, and providing expert insight. The document outlines hard skills like domain knowledge, qualifications, and software skills, as well as soft skills like analytical abilities, communication, industry knowledge, and management traits. It recommends improving accounting skills through research, expert consultation, courses, industry analysis, and documenting learnings.

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    This document discusses accounting skills for managers. It introduces accounting skills as the abilities to accurately and ethically manage, analyze, and report on an organization's financial activities. Accounting skills are important for determining profitability, enhancing financial communication, setting goals, ensuring compliance, improving decision making, and providing expert insight. The document outlines hard skills like domain knowledge, qualifications, and software skills, as well as soft skills like analytical abilities, communication, industry knowledge, and management traits. It recommends improving accounting skills through research, expert consultation, courses, industry analysis, and documenting learnings.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    73 views9 pages

    PESU PPT Template

    Uploaded by

    shreeram iyengar
    This document discusses accounting skills for managers. It introduces accounting skills as the abilities to accurately and ethically manage, analyze, and report on an organization's financial activities. Accounting skills are important for determining profitability, enhancing financial communication, setting goals, ensuring compliance, improving decision making, and providing expert insight. The document outlines hard skills like domain knowledge, qualifications, and software skills, as well as soft skills like analytical abilities, communication, industry knowledge, and management traits. It recommends improving accounting skills through research, expert consultation, courses, industry analysis, and documenting learnings.

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    You are on page 1of 9

    Accounting For Managers

    SHREERAM M R PES1PG22MB426
    Department of MBA
    ACCOUNTING FOR MANAGERS
    Content
    SD.

    • INTRODUCTION
    • IMPORTANCE
    • TYPES OF SKILLS
    • IMPROVING ACCOUNTING SKILLS
    ACCOUNTING FOR MANAGERS
    INTRODUCTION
    SD.

    • Accounting skills are abilities that allow you to


    accurately and ethically manage financial
    transactions, analyze financial data and
    generate financial reports. 
    • These skills are important for accountants to
    accurately and ethically manage, analyze and
    report on an organization’s financial activities.
    ACCOUNTING FOR MANAGERS
    Why are Accounting Skills Essential?
    .

    - Determining Current and Future Profitability


    - Creating Synergy and Enhancing Financial Communication
    - Setting Goals and Tracking Progress
    - Financial Organization and Compliance
    - Improving Borrowing, Negotiation, and Resource Allocation
    - Expert Insight and Marketing Strategies
    ACCOUNTING FOR MANAGERS
    Types of skills
    ACCOUNTING FOR MANAGERS
    1

    Hard Skills

    • Domain Knowledge
    - Financial statements
    - Regulatory standards related to corporate and public finances

    • Professional Qualification
    - Merger And Acquisitions
    - Consolidation of Financial Statements

    • Knowledge of Accounting Software


    - Ability to navigate Enterprise Resource Planning Software
    - Business Analytics Software

    • Staying Updated
    - Legal Provisions
    ACCOUNTING FOR MANAGERS
    1

    Soft Skills

    • Analytical Skills:
    - Analyzing the Business Transactions and recording accordingly

    • Communication Skills:
    - Email Etiquette
    - Oral Communication

    • Industry Knowledge:
    - Knowing the industry for which accounting is done.
    - The whole cycle (Raw Materials-Finished Goods) needs to be accounted

    • Management Traits:
    - Adapting technical changes at brisk pace
    - Efficient use of resources
    ACCOUNTING FOR MANAGERS
    .

    IMPROVING ACCOUNTING SKILLS

    • Researching Different Topics


    • Consult Experts
    • Courses
    • Industry Research
    • Documenting the learnings
    THANK YOU

    SHREERAM M R
    PES1PG22MB426

    Department of MBA

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