Academic journal article Journal of Accountancy

New Skills for a New World

Academic journal article Journal of Accountancy

New Skills for a New World

Article excerpt

The American Institute of CPAs business and industry executive committee (BIEC) professional development subcommittee published an invitation to comment, the AICPA Competency Model for the New Finance Professional (final beta version 1.2). Designed to help CPAs in business and industry assume more strategic roles in their organizations, the document lists competencies in four basic categories: personal attributes, leadership qualities, broad business perspective and functional expertise.

"The document emphasizes the broad approach to competencies," Sandra E. Sloyer, a member of the BIEC professional development subcommittee, told the Journal. "It highlights many different competencies expected from CPAs." In fact, it says, "As finance professionals we have placed far too much emphasis on the technical proficiencies of the CPA rather than on the well-rounded individual with people skills." Most of the document is organized as a table, with descriptions of skills for CPAs at different levels. For example, in the competency area of "best practices," the skill a manager would be expected to have would be to develop and implement "appropriate finance best practices throughout the organization. …

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