CPA Australia has highlighted six key skill areas that will be required for business and finance professionals by 2025.
These areas comprise environmental, sustainability and governance (ESG), data storytelling, technology literacy, critical thinking and problem solving, artificial intelligence (AI), and ethics.
Sustainability reporting is seen as a career opportunity for finance professionals in 2025.
CPA Australia chief learning and innovation officer Dr Asheley Jones said: “With mandatory climate-related reporting for large organisations coming into effect from January 2025, and smaller businesses to follow in 2026, finance professionals should consider developing their sustainability expertise to advance their careers.
“As companies seek to improve the measuring and reporting of their social and environmental impacts, expect to see increased demand for leadership roles that blend technology, strategy and sustainability skills.”
He further emphasised the growing importance of data, stating that professionals must understand the narratives data presents to help companies plan, invest, and achieve sustainable goals.
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By GlobalDataThe demand for skills in managing financial data to identify trends and patterns is expected to rise in the coming years.
As technology continues to revolutionise accounting, understanding its application to enhance business efficiency and innovation will be vital for career advancement.
Critical thinking is said to also be essential for interpreting data and supporting business growth.
Dr Jones notes that automation and AI are transforming the business and finance sector by streamlining processes and reducing repetitive tasks.
He further claims that professionals skilled in managing digital tools will be sought after.
Additionally, the ability to navigate ethical dilemmas in business decisions is claimed to be crucial, with ethics remaining central to business practices.
Understanding the responsible use of AI, including transparency, fairness, privacy, and trust, will distinguish top accounting professionals.
As technology provides access to vast amounts of data, finance professionals are required to implement AI technology ethically and effectively.
Accounting is shifting from black-and-white thinking to more nuanced decision-making.
Dr Asheley Jones added: “We’re seeing some strong career trends emerging, driven in part by new reporting requirements, a more complex regulatory landscape, and evolving technologies.”
Recently, the Philippine Institute of Certified Public Accountants in Dubai (PICPA Dubai) signed a memorandum of understanding with CPA Australia.
This agreement aims to enhance collaboration by promoting professional and educational standards and supporting the internationalisation of the accounting profession.
