| |9 DECEMBER, 2024HIGHERReviewmake the tasks smoother, students must think above the figures and ponder the consequences of financial statistics on business strategy. More importantly, they need to monitor the financial trends and try to comprehend the context, making their routine accounting tasks way more accessible.For example, The University of Cambridge, a renowned university in the UK, offers the Cambridge Thinking Skills Course, which helps students develop their logical thinking and reasoning. Their curriculum emphasizes applying critical thinking to subjects and even industry-related scenarios."While technical knowledge is crucial, companies also value employees who can collaborate effectively, think creatively, and adapt to new situations", says Gautam Duggal, Director Global Talent & Learning, Mastercard.Soft SkillsNo matter what industry it is, soft skills are the key. Accounting students have to develop soft skills such as communication, collaboration with peer groups and leadership to stay active at work. As the subject involves a lot of intricacies, effective communication is imperative, predominantly with shareholders, higher-level management and department heads. Organizations seek individuals who can effectively simplify data and present it concisely so they can make informed decisions. Besides, as a part of the business requirements, accountants have to liaise with other departments such as Marketing, IT and many others. Hence, soft skills are needed to understand their requirements and take the necessary steps.Stanford University offers various courses to develop students' soft skills, focusing on public speaking, negotiation and emotional intelligence. These courses help students advance their careers in roles that require leadership ability and practical communication skills."Whenever we reskill, mostly hands-on training is required and ordinarily cutting-edge skills that differentiate you from others who are called an expert in the field, which is something every student needs to reason out for themselves and work towards", says Prof. Shubhini A Saraf, Director, National Institute of Pharmaceutical Education and Research (NIPER).All in all, the accounts field is undergoing a significant transformation, and students need to take the initiative to enhance their skills and stay competitive in this changing environment. Although technical accounting knowledge is crucial, developing industry-related skills, adaptability, and critical thinking is essential to progress in their career. Besides, keeping an eye on global trends and continuous learning will make a significant difference in this changing field. Students have to consider this as an opportunity rather than a challenge that can significantly contribute to the organizations they work for in the future. Success in this domain is all about sharpening their skill sets so they can mold themselves into pivotal industry contributors.
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