How can finance and accounting professionals ensure they have the competencies essential for competing in today’s job market? This report, based on a global survey of 1,032 IMA members, provides valuable insights regarding the future of the finance profession.
Key findings include:
- Finance is being significantly impacted by changing technology, with its role evolving from being that of a record keeper and “compliance cop” to that of a strategic business partner;
- This new role will require changes and rebalancing in the skill set possessed by management accountants. Some current skills will become less important, others will become more important, and new skills will be needed;
- Professional certification is viewed as most effective in preparing for the changing business environment; and
- Pursuing professional certification can have a high return on investment (ROI) with benefits that include obtaining the skills needed for career success, having greater opportunities for promotion, receiving an edge in the job market, and more.