Creative Accounting in 2019

Creative Accounting in 2019

Given the rise in AI (artificial intelligence) and automated number crunching software systems, the need for creative accounting has become stronger than ever.

Whilst these platforms are more efficient in terms of time and cost, and help to remove human error, it is more important than ever foraccountants to help clients holistically witha “creative interpretation of the data” based on their own professional knowledge and experience.

A recent study outlined the change in skills valued by an employer from 2015 to 2019. These were;

2015’s list of valued skills

 

2019’s list of valued skills

 

1.         Complex problem solving

 

 

1.         Complex problem-solving

 

 

2.         Coordinating with others

 

2.         Critical thinking

 

3.         People management

 

3.         Creativity

 

4.         Critical thinking

 

4.         People management

 

5.         Negotiation

 

5.         Coordinating with others

 

6.         Quality control

 

6.         Emotional intelligence

 

7.         Service orientation

 

7.         Judgement and decision-making

 

8.         Judgement and decision-making

 

8.         Service orientation

 

9.         Active listening

 

9.         Negotiation

 

 

10.       Creativity

 

10.       Cognitive flexibility
How to define Creativity in a Business Sense

Before you head to Spotlight to shop up a storm, it’s time to broaden your outlook of how creativity is defined. With regard to business, having creativity as a skillset helps to problem solve and think outside the box for solutions. Creativity is about more than coming up with new ideas, it’s about making connections between ideas, says Productivity Expert, Donna McGeorge.

“Accountants need to stop saying they’re not creative – you are creative already in the way you make connections between ideas for your clients,” says McGeorge.

How to breed productivity in the workplace through creativity workshops and tips

Businesses are encouraging staff to take walks to help insight new ideas and creativity. Sitting at a desk in an office isn’t the most invigorating environment. McGeorge believes we are most creative in the morning so each work day should start with writing down the problem then using those daydream periods in your day to come up with an answer.

Other office tips to help stimulate creativity include:
  • Have a separate notepad handy to jot down ideas. Keep a pen and pad with you.
  • Take a creative learning course.
  • Go for a walk and change your external environment if you are stuck on an idea.
  • Collaborate with colleagues to bounce ideas off each other.
  • Write down problems you’re trying to solve and mull over them for a few days. Let yourself find solutions naturally or through exercise and meditation.