Efficient: They quickly get up to speed on the business and its latest challenge—so that they can come up with a solution, whether that entails providing a plan for implementing a new accounting rule or helping management understand the implications of new guidance. The lease accounting standard (ASC 842), for instance, resulted in many companies needing to revisit their processes around leases—and, in some cases, uncovering more lease agreements than they knew they had.
Active listeners: The issues technical accountants weigh in on are complex. They need to listen to the problem and understand how it affects the particular business and management’s interests and goals. They can only do this by being active listeners and asking thoughtful questions.
Communicative: Accountants will be the first to admit that they can get “stuck in the weeds” when they become interested in a particular accounting issue—accounting is their favorite topic, after all. But technical accountant consultants climb their way out whenever they are dealing with clients, to be sure that the accounting treatments they are suggesting or answers they are making are practical and understandable. Good technical accountants not only know what they’re talking about—they can explain it in a way that non-accountants understand.
Practical: When hiring for technical accounting consultants, we specifically look for accounting aces who can offer a practical perspective when looking at a technical accounting issue. Our clients need solutions that can work for them in their day-to-day business.