A Career in Financial Reporting
Financial Reporting Jobs
Two of the most in-demand professions in the Irish jobs market at the moment are Accountancy and Financial Reporting. Financial Reporting skills are in desirable with 47% of businesses in today’s market have been proven to make hiring decisions based on a candidate’s ability to produce accurate and detailed financial reports.
Financial Reporting as a career
A major element of a Financial Reporting Accountant’s role is to have a solid knowledge of Generally Accepted Accounting Principles or GAAP to prepare these financial statements as well as shareholder reports and balance sheets. In doing so, they will often research accounting rules and make recommendations regarding the company’s policy. The Financial Reports are subsequently used to create budgets and complete audits. A financial reporting accountants/ specialist may also be responsible for tax reporting and inventory processing.
Essential skills to have
Attention to detail is important for a Financial Reporting Analyst with specialist knowledge of GAAP and financial reporting practices. Data systems such as Extensible Business Reporting Language (XBRL) would also be advantageous. Presentation of reports so they are clear and concise is crucial and therefore proficiency in Microsoft Package is important.
As an individual oversees proper maintenance and reporting of a company’s financial statements, financial accounting, it requires an individual who is extremely organised and analytical. A good financial reporting accountant will also be deadline orientated and have strong business acumen. Financial Reporting Specialists work both independent and as part of a team with co-workers, management, auditors and regulators. Therefore communicating clearly is critical. Being skilful at multiple types of financial reports is also required.
What educational requirements do I need?
Employers will often expect candidate to have a degree in Accounting or Finance. More often than not, many candidates will transfer into financial reporting once they are qualified with an ACA, ACCA, CPA or a similar qualification from fields such as Audit.