Emerging roles in accountancy: skills you will need

An accountant’s role is fast evolving as consumer expectations change and businesses come face to face with technological advances that they must embrace to remain competitive. The rulebook for traditional accountants is also being rewritten following the rise of artificial intelligence in accounting and finance.

Shaun Barton, a business debt expert advising limited company directors on company closure options at Company Closure, examines emerging roles in accountancy and the skills accounting and finance professionals will need to stay ahead of the curve and protect the profession’s value.

The evolving role of the accountant

Accountancy isn’t what it used to be. With new tech and shifting client demands, the role of an accountant is transforming. From AI-powered processes to ESG reporting, accountants are stepping into the future.

AI-powered accounting functions

AI is changing the game for accountants. It’s automating the boring stuff – like data entry and routine tasks – so accountants can focus on what really matters. Tools in cloud-accounting software are making bookkeeping easier and faster than ever.

But let’s be real: AI can’t replace the value of a human accountant. People still play a vital role in adding context, interpreting data, and giving personalised advice. That’s why businesses are investing in both technology and the people behind it to stay ahead.

ESG accounting

ESG (Environmental, Social, and Governance) reporting is more than just a buzzword – it’s becoming a core part of accounting. Companies need to show how they’re impacting the world, and accountants are key to making that happen.

From tracking carbon emissions to analysing the gender pay gap, accountants use their expertise to guide businesses toward responsible decisions. ESG reporting doesn’t just build trust; it also attracts investors and keeps companies accountable.

Advisory offering

Accountants are no longer just number-crunchers – they’re stepping into advisory roles, helping businesses with big-picture strategies. By offering in-house solutions, accounting firms are meeting more client needs and building stronger reputations.

With instant access to information online, clients need trustworthy, human advice more than ever. Accountants who can understand a business’s goals and provide tailored solutions bring something that AI simply can’t match.

Appetite for adapting

Technology isn’t slowing down, and neither are accountants. Adapting to new tools and modernising systems is now part of the job. Staying on top of advancements helps accountants stay efficient and competitive.

The changing face of accountancy

To thrive in a fast-evolving industry, accountants are embracing change, mastering new skills, and using cutting-edge tools – all while keeping the human element at the heart of what they do. The future of accounting is here, and it’s full of opportunities.

Interested in where accountancy is going, and where it can take you?

Whether you’re just starting out, or wanting to advance your career, we have the qualifications you need. Check out AAT if it’s all new to you, or consider ACCA and CIMA for more advanced learning. And try them all for seven days absolutely free.