Top finance skills

Top finance skills

In todayโ€™s complex, nonlinear, and constantly changing business environment, itโ€™s no longer possible for finance and accounting professionals to rely on existing skillsets. The rules of engagement have changed.

How can finance teams not just support but help develop strategy? How can automation be adopted and scaled to increase speed and success? What does the groundswell of interest in ESG mean to accountants? How can the finance function facilitate collaboration and good data governance? To be part of positive change and growth in organisations, what are the essential skills for the coming years?

In this series, we interview CFOs, finance directors, and other leaders from around the world to find out what skills are at the top of their minds. They said foundational finance skills will always be relevant, but other important competencies include machine learning, data analytics, Power BI, managing a remote team, empathy and listening skills, and connecting the dots. Published twice weekly, these interviews will give you a sense of what skills to develop for the future.

To receive weekly updates on this series, sign up for our CGMA Advantage newsletter. Visit the Global Career Hub from AICPA & CIMA for help with finding a job or recruiting.


Financial modelling with AI: Part 1

Consider the current limitations, risks, and required checking/auditing procedures you should implement when using generative AI with financial models.

Employee respite dimmed by work pressures

A new report shares wellbeing strategies for organisations; workers in the UK hesitate to go on holiday, in part because of anxiety about workloads after time off.

IAASB issues going concern guidance for stakeholders

Also, the Global Reporting Initiative opens a consultation to align new and existing standards.

Return to office or retain flexibility? The latest on the debate

Amid a trend of more in-office work, a series of surveys offer perspective on the state of the workplace and reveal how employees feel about their place in the debate.

Staff availability rises again in the UK; hiring shows slight improvement

A monthly report from KPMG and the Recruitment and Employment Confederation shows a hiring picture that is brighter than the start of the year. Recruiting, however, continues to be โ€œmutedโ€.

IPSASBโ€™s proposed revisions focus on materiality guidance

Also, the UK FRC released a discussion paper on the future of digital reporting.

Growth ambitions outweigh strategy execution for UK businesses

A new survey found that less than one-fifth of UK businesses meet 80% of aspirational goals within three years of setting them.

CGMA Professional Qualification upgrades to meet growing expectations of finance profession

The new syllabus is designed to prepare students for the future of work by helping them to develop finance business partnering, analysis, and critical thinking skills.

More companies seek assurance on sustainability reporting, study shows

The latest data from research by the International Federation of Accountants, the AICPA, and CIMA reveals that nearly three-quarters of the largest global companies obtained assurance of sustainability disclosures in 2023.

IAASB withdraws one standard after approval of broader one

Also, global accounting bodies endorse revised principles for sustainable economic transformation, and the Global Reporting Initiative focuses on alignment of sustainability reporting practices.