How does today’s climate affect financial and accounting professionals?

Now more than before, career development must be at the forefront of the mind for every financial professional if they want to succeed. Whether you are a part, new or many years of qualifying, it is very important that your training continues so you can continue the development during the recession, whatever qualification phase you do.

It seems that some of the qualified professionals have seen very little effects, the funds remain the same and candidates continue to receive the benefits and original training packages offered. However, it has increased the importance of being placed on maintenance of studies and individuals who benefit from training have higher expectations to achieve standards that distinguish them from their colleagues.

The last recession sees a significant shortcomings of a newly qualified accountant entering the market between 2004-2008 is partly due to a lack of investment in training and to prevent this happen again the employer continues to invest in training despite the current economic climate.

It should be noted that the LED Institute’s training has advanced over the past few years with participants in the industry led firmly increase. There has been a growth of accelerated ‘professional networks’ and sharing thoughts / ideas with colleagues because most conferences are now calculated against validated CPD (advanced professional development).

At the senior level, financial controllers and finance directors continue to invest in their own training and see the importance of their company’s steering effectively through recession.

The more financial professionals who have found excessive themselves have increased their network profiles and expand their expertise in other related business sectors that move away from pure finance.

Whatever the qualification phase, sustainable training and development in these difficult times will improve your skills and distinguish you from your colleagues, ultimately providing more career development and employment opportunities. To ensure you can take advantage of any opportunities that present themselves, it is very important for you that you save your sustainable study documentation, maintain the latest CV and keep your eyes continuously on industrial trends and changes that occur.

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