{"id":3465,"date":"2025-03-21T02:30:27","date_gmt":"2025-03-21T02:30:27","guid":{"rendered":"https:\/\/www.talentweb.com.au\/?p=3465"},"modified":"2025-03-21T02:31:49","modified_gmt":"2025-03-21T02:31:49","slug":"the-most-important-accounting-finance-skills-for-2025","status":"publish","type":"post","link":"https:\/\/www.talentweb.com.au\/the-most-important-accounting-finance-skills-for-2025\/","title":{"rendered":"The most important accounting &#038; finance skills for 2025"},"content":{"rendered":"<p><strong>As we noted when we discussed the <a href=\"https:\/\/www.talentweb.com.au\/is-your-accounting-team-ready-for-the-modern-age-of-business\/\" target=\"_blank\" rel=\"noopener\">evolving role of accountants in Australia<\/a>, the finance profession is changing at a rapid pace due to evolving regulatory requirements, new reporting standards and the presence of advanced new technology in the market.\u00a0\u00a0<\/strong><\/p>\n<p><span data-contrast=\"auto\">Accountants who want to stay relevant, or get ahead, must be prepared to adapt.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">In that light, what are Australian employers actually looking for in 2025? What are the core skills which will set the best accountants apart from everyone else?<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Let\u2019s take a look.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2 aria-level=\"2\">Top 6 in-demand skills for Australian accounting &amp; finance pros 2025<\/h2>\n<p><span data-contrast=\"auto\">The top skills to focus on as an accountant or other finance professional in Australia come straight from CPA Australia. <\/span><a href=\"https:\/\/www.cpaaustralia.com.au\/about-cpa-australia\/media\/media-releases\/career-crossroads-6-skills-business-professionals-need\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">In an online update,<\/span><\/a><span data-contrast=\"auto\"> the organisation outlined the top skills it felt are required for success this year, including:<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ol>\n<li><span data-contrast=\"auto\">ESG<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Data storytelling<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Technology literacy<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Critical thinking and problem solving<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">AI<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Ethics<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ol>\n<p><b><span data-contrast=\"auto\">Let\u2019s take a look at those in more detail, and add a few more to consider afterwards:<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h3 aria-level=\"3\">1. Environment, Sustainability &amp; Governance (ESG)<\/h3>\n<p><span data-contrast=\"auto\">Climate-related financial disclosures represent a huge opportunity for Australian finance professionals \u2013 with new reporting standards starting this year (and more organisations to be swept up in the changes from 2026), there is enormous demand for sustainable finance skills.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Expect strong regulatory knowledge, data analysis and financial reporting to be highly desirable skills in 2025.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h3 aria-level=\"3\">2. Data storytelling<\/h3>\n<p><span data-contrast=\"auto\">Data is everything to modern businesses. The ability to collect vast quantities of information, process it, analyse it and report on it is increasingly crucial to success in the Australian (and especially international) market.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">But creating charts in a spreadsheet is one thing \u2013 telling stories with data is the real skill. Key to getting the most out of data is identifying patterns and learning to visualise them in a way that is useful to other, less data-literate members of the team. These should be key focus areas.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h3 aria-level=\"3\">3. Technology literacy<\/h3>\n<p><span data-contrast=\"auto\">Accounting and finance are increasingly digital, and Australian professionals must get comfortable with an array of web-based, mobile and enterprise-level software to remain relevant.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Learning the basics of contemporary cloud accounting tools is a great start, like Xero, QuickBooks or MYOB, because most SMEs use these. Then there are the major ERP providers \u2013 Sage, Oracle NetSuite and SAP \u2013 which are more common at the enterprise and corporate level.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Key skills in general to think about include:<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<ul>\n<li><span data-contrast=\"auto\">Artificial intelligence and machine learning (see below)<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Automation<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Big data<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Cloud<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Cybersecurity (more on this below too)<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><b><span data-contrast=\"auto\">Note: <\/span><\/b><span data-contrast=\"auto\">This isn\u2019t a can to kick down the road. The <\/span><a href=\"https:\/\/reports.weforum.org\/docs\/WEF_Future_of_Jobs_Report_2025.pdf\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">World Economic Forum (WEF)<\/span><\/a><span data-contrast=\"auto\"> expects 39% of the average modern worker\u2019s existing skill set to be transformed or become outdated between now and 2030. Getting in first means winning the best roles before everyone else has caught up.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h3 aria-level=\"3\">4. Critical thinking and problem solving<\/h3>\n<p><span data-contrast=\"auto\">It may come as no surprise that critical thinking and problem solving are growing in importance, given the expanded function that accountants are expected to take within Australian organisations. As the shift moves away from traditional back-office work, accountants must expand their abilities to interpret issues, forecast trends and come up with solutions at a more strategic level.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Actively seeking out broader work, including guiding strategy meetings or getting involved in key business projects, should create some great case studies for your CV.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h3 aria-level=\"3\">5. Artificial intelligence<\/h3>\n<p><span data-contrast=\"auto\">AI is transforming business and there\u2019s no stopping that. Indeed, the above-linked WEF report also noted that AI is top of the list for fastest-growing skills in the world. Additionally, its survey found that half of employers plan to reorient their business in response to AI, and two-thirds plan to hire talent with specific AI skills.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">But, AI is still very much on the ground floor in terms of where it is expected to go next. Developing a sound understanding of contemporary AI platforms and how they play a role in finance now, and staying clued in on developing tech trends through 2025, could ensure that you present the skills that employers want as these changes get underway.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h3 aria-level=\"3\">6. Ethics<\/h3>\n<p><span data-contrast=\"auto\">What it means to be \u2018ethical\u2019 in finance is changing, expanding \u2013 a sentiment that CPA Australia\u2019s Chief Learning and Innovation Officer, Dr Asheley Jones, highlighted in the above-linked article.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cUnderstanding the responsible use of AI, including the importance of transparency, ensuring fairness, respecting privacy and enabling trust, will set the best accounting professionals apart from the pack,\u201d she said.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Ethical business practices (particularly to do with personal data and AI) are chief concerns of customers and investors. Developing an understanding of these practices and demonstrating their effect on your day-to-day activities could go far to helping you talk to your strong ethics during a job interview.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2 aria-level=\"2\">Additional skills to consider developing this year<\/h2>\n<p><span data-contrast=\"auto\">In light of the changing role of accountants in Australia \u2013 and the increasing focus on being strategy partners, business leaders and ethical champions \u2013 these are three additional skills we would add to CPA\u2019s list:<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ol>\n<li><b><span data-contrast=\"auto\">Business strategy:<\/span><\/b><span data-contrast=\"auto\"> Learn what creates success in business \u2013 understanding customers and their needs, studying UX and CX \u2013 so that you can improve your advice to other leaders.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><b><span data-contrast=\"auto\">Leadership: <\/span><\/b><span data-contrast=\"auto\">Accountants rarely work in a vacuum, especially these days. Focus on building stronger management and teamwork skills to ensure you can integrate into any environment, and lead the charge. Remember, leadership (i.e. HR-related skills) can be very different to finance, and they do take time to learn.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><b><span data-contrast=\"auto\">Cybersecurity:<\/span><\/b><span data-contrast=\"auto\"> No one expects their accountant to protect the business from cyberattacks, but given the number of digital tools involved in finance it\u2019s not a bad idea to ensure you\u2019re well versed in your own responsibilities, and those of your team.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<h2 aria-level=\"2\">9 recommended soft skills for accounting &amp; finance pros<\/h2>\n<p><span data-contrast=\"auto\">Combining advice from the World Economic Forum, CPA Australia and our own in-house accounting and finance recruitment experts, these are the top soft skills we see playing a big role this year:<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ol>\n<li><span data-contrast=\"auto\">Analytical thinking (which is actually the most sought-after core skill among employers, says the WEF)<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Strategic thinking<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Communication<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Adaptability<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Resilience<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Flexibility<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Emotional intelligence<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Social influence<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Curiosity and lifelong learning<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ol>\n<p><span data-contrast=\"auto\">When hunting for a new finance position this year, consider how you might be able to talk to some of these points in your job interview, bringing real-world examples from your past work (or looking to create new examples if you don\u2019t have any just yet).<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><strong>Then, when you\u2019re ready for your next role, we&#8217;re here for you. We know what it takes to be successful in accounting and finance, and our specialist recruiters can help you prepare your CV, find right-fit roles that will push your career forwards and help you through the entire hiring process. Learn <a href=\"https:\/\/www.talentweb.com.au\/serves-job-seekers\/\" target=\"_blank\" rel=\"noopener\">how we help top talent here<\/a>, or <a href=\"https:\/\/www.talentweb.com.au\/contact\/\" target=\"_blank\" rel=\"noopener\">get in touch with us directly<\/a> to start your journey.\u00a0<\/strong><\/p>\n<p><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As we noted when we discussed the evolving role of accountants in Australia, the finance profession is changing at a rapid pace due to evolving regulatory requirements, new reporting standards and the presence of advanced new technology in the market.\u00a0\u00a0 Accountants who want to stay relevant, or get ahead, must be prepared to adapt.\u00a0 In&hellip;<\/p>\n","protected":false},"author":7,"featured_media":3468,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","footnotes":""},"categories":[1,37],"tags":[],"class_list":["post-3465","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interview-tips","category-job-search-advice"],"_links":{"self":[{"href":"https:\/\/www.talentweb.com.au\/af-api\/wp\/v2\/posts\/3465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.talentweb.com.au\/af-api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.talentweb.com.au\/af-api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.talentweb.com.au\/af-api\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.talentweb.com.au\/af-api\/wp\/v2\/comments?post=3465"}],"version-history":[{"count":3,"href":"https:\/\/www.talentweb.com.au\/af-api\/wp\/v2\/posts\/3465\/revisions"}],"predecessor-version":[{"id":3471,"href":"https:\/\/www.talentweb.com.au\/af-api\/wp\/v2\/posts\/3465\/revisions\/3471"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.talentweb.com.au\/af-api\/wp\/v2\/media\/3468"}],"wp:attachment":[{"href":"https:\/\/www.talentweb.com.au\/af-api\/wp\/v2\/media?parent=3465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.talentweb.com.au\/af-api\/wp\/v2\/categories?post=3465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.talentweb.com.au\/af-api\/wp\/v2\/tags?post=3465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}