#genesis #Houseofaccountants #tally #tallyprime
Welcome to Genesis: House of Accountants! We regularly publish informative podcast series that delve into the nuances of the accounting domain. Join us as we explore insights with experts and businesses, empowering you to elevate your accounting career and business with informed success.
In this episode of Accountant SOWT, hosted by E. Sathish David (ESD) and G. Manikandan (GMK), provides a comprehensive analysis of the strengths, weaknesses, opportunities, and threats faced by accountants. Understanding these factors is crucial for accountants to navigate their careers successfully and make informed decisions. By leveraging their strengths, addressing their weaknesses, seizing opportunities, and mitigating threats, accountants can achieve long-term success and professional fulfillment.
Time Code:
General Intro:
What is Accountants’ SWOT:
Accountants’ Strength 1: Knowledge Exposure
Accountants’ Strength 2: Analytical Thinking
Accountants’ Strength 3: Attention to details
14:16 – Accountants’ Strength 4: Ethical Standards
15:40 – Accountants’ Strength 5: Knowledge updating
17:04 – Accountants’ Strength 6: Internal popularity
17:50 – Accountants’ Strength 6: Loyalty & lifelong opportunities
18:43 – Accountants’ Strength 7: Career stability
20:29 – Accountants’ Strength 8: No drastic changes
21:44 – Accountants’ Strength 9: Possibilities of Remote working or Work-From-Home (WFH)
22:12 – Three major tasks in an accountant’s role: 1) Capturing and recording transactions 2) Working on Management Information Systems (MIS Reports or MIS reporting) 3) Keeping Tax and legal compliance UpToDate
22:38 – Accountants’ Strength 10: Freelance opportunities (Online works on www.upwork.com, www.freelancer.com and more)
24:10 – Accountants’ Weakness 1: Unfriendliness and identified as a boss’s spy
26:50 – Accountants’ Weakness 2: Long working hours during important occasions
27:48 – Accountants’ Weakness 3: Limited scope for creativity
30:00 – Accountants’ Weakness 4: Monotony or repetitiousness
31:20 – Accountants’ Weakness 5 and 6: Need to be always updated | Limited career growth
33:16 – Accountants’ Weakness 7: Considered as thankless and dead-end job
35:10 – Accountants’ Weakness 8: Managing boss’s emotions especially when business goes down.
37:55 – Accountants’ Weakness 9: Taking accountability and need to cover other’s mistakes
38:35 – Accountants’ Weakness 10: Over-reliance on Software
40:43 – Opportunities in Accountants’ career
41:47 – Accountants’ Opportunities 1: Freelance or Private Consulting Services
44:07 – Accountants’ Opportunities 2: Horizontal job across various industries and sectors
45:48 – Accountants’ Opportunities 3: Marketable Specialization
46:35 – Accountants’ Opportunities 4: To get promote to leadership/ management positions
47:19 – Accountants’ Opportunities 5: Global job demand
48:13 – Accountants’ Opportunities 6: Entrepreneurship
50:14 – Accountants’ Opportunities 7: Great connections
51:20 – Importance of being actively connected through LinkedIn
53:32 – Threats in Accountants’ career
52:35 – Genesis House of Accountants’ Vision for the Future
53:48 – Accountants’ threats 1: Without professional qualification and proper reference, success is more gleam
55:58 – Accountants’ threats 2: Advances in artificial intelligence and machine learning pose a threat of automation to routine accounting tasks, potentially reducing the demand for entry-level accounting positions
57:28 – Accountants’ threats 3: Regulatory Changes
59:38 – Accountants’ threats 4: Competition
1:02:13 – Accountants’ threats 5: Security Risks
1:03:50 – Accountants’ threats 6: Severe consequences for unconscious costly errors
1:05:34 – Accountants’ threats 7: Core skills alone cannot guarantee a job or growth in salary
————————————————————————————————————–
Join the free weekly webinar:
https://forms.gle/VUvh9rZAxnuuf5TWA
Join the Genesis99 community:
Whatsapp channel
https://whatsapp.com/channel/0029VaA0cB56BIEbcqr1CQ1S
Genesis99 Social & Websites:
Instagram: https://www.instagram.com/genesishoa99
Facebook: https://www.facebook.com/genesishoa99
LinkedIn: https://www.linkedin.com/company/30882157/admin/feed/posts
Genesis99 (Website): https://www.genesis99.com/
——————————————————————————————————————-
Special credits:
Videography: – Good News Studio
Editing: – Deeveesha
Optimisation: – Charles & Jeffrin Leanord
Content Strategy & Production: – E. Sathish David https://www.linkedin.com/in/sd1975