An accounting analyst is one who often works with multiple departments within an organization to evaluate their income and spending and provide reports necessary to decision-makers. To be successful, one must be proficient in math and business and possess a degree preferably in accounting, finance or business. Professional certifications such as CPA often lends credibility to the position. in addition to this, an accounting analyst to be successful must be highly organized.
Success in the job requires that the accounting analyst’s information be clear, correct and easy to understand.
Education and Networking
Many accounting analysts earn a four-year degree in business, economics, accounting or finance, but you shouldn’t stop there. Consider obtaining a master’s degree and attending workshops and seminars to improve your knowledge and skills. Stay abreast of current trends and news in your field by joining a professional organization. Network with other accounting and analyst professionals to stay up-to-date on recent trends in the profession.
Improve Research Skills
Accounting analysts often project market trends or create fiscal analyses so that a company, organization or government agency can create budgets or projections that make sense. Much of this data requires extensive research from credible sources. To improve your job performance hone up on your research skills. Become familiar with recognized and credible sources of information from government agencies, market analysts and trade and business publications.
So much of what an accounting analyst does involves creating complicated spreadsheets and documents. Take classes to stay abreast of the latest computer skills and learn advanced skills when working with spreadsheets. Learn how to develop complicated formulas so you don’t spend a lot of time re-creating your reports. Develop secondary formulas to double-check the results of your spreadsheets for accuracy.
Learn everything you can about the company or organization you work for, including all of its product lines, revenue streams, financial accounts and expense items. If you work for a publicly traded company, pay attention to stock market trends that might affect your company’s financial position. Make yourself available to take on more work. Anticipate needs and be ready with your reports when asked.
Look for ways that you can improve yourself both professionally and personally. Conduct periodic self-appraisals and be honest about your answers. Take part in training that can help you improve your time-management skills and prioritize your work to become organized and efficient. When you improve yourself personally, it translates to your professional life as well. Find a mentor who can provide objective advice and support. Be open to constructive criticism and learn to let negative criticism go.