Organizations are under increasing pressure to improve competitiveness and performance, and the role of accounting and finance teams must constantly evolve to keep businesses thriving. But to meet these rapidly changing responsibilities, management accountants (professionals such as controllers, treasurers, directors of finance, and CFOs) must be armed with critical problem solving, analytical thinking, communication, and other skills that go beyond technical tax and audit capabilities.
It’s a crisis of competency. And it’s leaving gaping holes in accounting and finance departments across the globe.
While experienced professionals are having a hard time keeping up with new skills, entry-level workers are even more ill equipped to bridge the finance function with business strategy, partly because of narrowly-focused college curricula. When classroom lessons aren’t consistently aligned with on-the-job demands, the gap widens. We must catch up so we can carry business forward.
CompetencyCrisis.org aims to rally accounting professionals, employers, human resources staff, students, and academics to extinguish the most pressing issue facing the profession: the skills gap. Together, we must move the conversation toward a lasting solution and each take responsibility for solving this problem.
See the sections below to learn more about how you can do your part to solve the crisis, in: