Three Top Skills for Accounting Professionals in the Next Decade

As the world of accounting and finance continues to evolve, the role of accounting professionals is transforming at a rapid pace.

Emerging technologies, shifting regulations, and increasing demands for transparency and accountability mean that the skills and competencies needed by accounting professionals are also changing.

To stay ahead of the curve, it’s crucial to adapt and equip yourself with the knowledge and expertise that will be in high demand in the coming decade—and beyond.

Pursuing a Master of Professional Accountancy (MPAc) degree at UC Davis is an excellent way to ensure you are well-prepared for the future of accounting.

Here are three top skill areas you’ll need to develop:

1. Technological Proficiency

In the next decade, accountants will need proficiency in advanced technologies such as artificial intelligence (AI), machine learning, and data analytics. Understanding how to leverage these tools will be essential.

AI and machine learning are already being used to automate routine tasks, such as data entry and basic financial analysis, freeing up accountants to focus on more strategic activities.

At UC Davis, we integrate accounting technology into our STEM-designated MPAc curriculum, providing you with hands-on experience in using these tools to enhance your learning regarding accounting practices.

By mastering these technology-enabled tools and software in graduate school, you’ll be able to offer more value to your clients or employer, positioning yourself as a leader in the field.

2. Data Analytics Expertise

The ability to analyze and interpret vast amounts of data is crucial for future accountants. As big data revolutionizes business operations, accountants must master data analytics to provide insights that drive decision-making.

This skillset requires both technical proficiency and a deep understanding of business processes, internal controls, and transaction cycles, including the ability to retrieve, analyze, and interpret financial and non-financial data for strategic planning.

Mastering data analytics will prepare you to meet modern accounting demands and become a leader who understands the logic behind business transactions.

The UC Davis MPAc program focuses on data analytics for strategic business decisions. Mastering both accounting principles and data analytics will give you a competitive edge in the evolving profession.

3. Communication and Interpersonal Skills

As accounting professionals take on more advisory roles, strong communication and interpersonal skills are becoming even more important. You’ll need to explain complex financial information clearly to various stakeholders and build strong relationships with clients and colleagues.

In the UC Davis MPAc program, we help you hone your communication skills through collaborative projects, presentations, and real-world case studies. By mastering effective communication, you'll build trust and credibility, boosting your career prospects.

Our program also covers structuring and documenting audits and reports, how to better understand diverse audiences, and addresses ethical and regulatory responsibilities. You’ll be prepared for professional settings.

UC Davis MPAc: Think Far Beyond the CPA Credential  

As the accounting profession evolves, the skills and competencies you develop through the UC Davis MPAc program will position you at the industry’s forefront, equipping you to tackle future challenges with confidence.

Investing in an MPAc degree from UC Davis is not just about earning a credential; it’s about future-proofing your career and positioning yourself for sustained success in a rapidly changing world. You’ll also join a supportive, lifelong network of global Aggie alumni, providing invaluable opportunities for career acceleration and professional growth.