We’ve expanded our list of top in-demand skills for finance and accounting professionals to 10 this year to highlight the wide range of skills required in the sector for 2022. All six skill sets for 2022, including Excel, bilingual French and public accounting, are on our 2023 list, along with some new capabilities, such as Power BI, forensic accounting and Python
1. public accounting
Public accountants conduct independent examinations and audits of company accounting records and financial statements to ensure compliance and offer financial advice. Experience in public accounting and in-depth knowledge of all accounting standards is particularly important for those seeking employment with a professional accounting firm.
2. microsoft excel
Microsoft Excel has been a staple in the finance and accounting industry for decades. Professionals hoping to land a job in this field must have extensive knowledge of Excel, including how to set up a database, insert accurate functions and make adjustments as necessary.
3. bookkeeping
Companies across Canada are looking for financial professionals with solid bookkeeping skills. You can make yourself more marketable by proving your ability to maintain accurate records of sales, purchases, payments and other business transactions. Other key skills include managing general ledgers, reconciling accounts and creating and paying invoices.
4. auditing
Auditing is the process of assessing a company's financial records, finding potential problems and correcting them. To be an effective auditor, you must pay close attention to detail, understand a wide range of financial systems and thrive in high-pressure situations. Strong problem-solving and communication skills also help auditors perform well.
5. bilingual french/english
Finance and accounting professionals who are proficient in both the English and French language have a significant advantage over candidates who are not bilingual. In fact, many companies are seeking out candidates who are bilingual in French to ensure they are able to speak to coworkers, clients and vendors in their preferred language.
6. SAP applications
SAP applications enable companies to record transactions, manage accounts and create financial reports digitally. Employers are looking for employees who are proficient in SAP software — that way, they can hit the ground running with minimal training. Focus on learning how to perform common accounting tasks, including reporting, reconciliation and budgeting.
7. accounting softwares
Employers use a wide range of accounting software programs to handle their books. A working knowledge of programs such as NetSuite, QuickBooks or Xero can make you a more competitive candidate. Not sure which one to learn? Look for trends in the job listings for your target industry or location.
8. dashboard/reporting
Finance and accounting professionals at advanced or senior levels must have experience managing and analyzing accounting dashboards and working with reporting software. These analytical tools allow financial advisors to see a clear picture of all company data on one convenient dashboard or report.
9. power BI
Microsoft’s Power BI (Business Intelligence) enables companies to gather data into one platform as well as generate reports and dashboards for further analysis. Finance and accounting professionals, especially analysts, must have experience working with Power BI to be successful on the job.
top finance and accounting certification in 2022
The top in-demand certifications for business and accounting professionals remained nearly the same from 2021 to 2022. The only changes were the addition of Certified Information System Auditors and CBV asset evaluators. Professionals seeking careers in this field should consider earning one or more of these highly sought-after credentials.
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1. certified public accountant (CPA)
The Chartered Public Accountant (CPA) distinction remains the most sought-after certification in the finance and accounting sector for 2022. This certification is only awarded to those professionals that meet the stringent educational, testing and experience qualifications.
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2. certified accounting technician
While accounting technicians aren't regulated in Canada, this certification indicates to employers that you understand key principles. To earn it, you must complete a series of accounting and financial courses.
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3. chartered financial analyst (CFA)
A Chartered Financial Analyst (CFA) certification is specifically for those professionals that provide business planning and corporate investment advice. Professionals working in a corporate setting or for an investment firm should consider taking steps to earn this certification.
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4. certified internal auditor (CIA)
As the demand for internal auditors rises for 2022, the need for professionals with a Certified Internal Auditor (CIA) certification is also high. Accounting and business professionals with this credential have an in-depth understanding of how to analyze financial records and identify any irregularities.
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5. certified information system auditor (CISA)
The Certified Information System Auditor (CISA) designation is a globally recognized certification. Professionals gaining this certification have an expertise in monitoring IT systems, conducting risk assessments and reducing cybersecurity threats.
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6. certified business analysis professional
This certification is a way to highlight your business analysis experience. It's only available to people with extensive experience, references and professional development; you must also pass an exam.
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7. project management professional (PMP)
PMP certification is popular because it lets employers know you have the knowledge and skills necessary to lead or support a variety of projects. The certification includes a variety of approaches, including agile.
Want to learn more about the best finance and accounting jobs in 2023 in Canada?
- the best finance and accounting jobs in 2023
- how much is the salary of finance and accounting staff in Canada in 2023?
Would be interested in knowing the exact salary by region, based on experience for a particular job title? You can get all this information by downloading our 2023 salary guide.
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