How to Communicate

Most professions will use essay format to communicate, but accounting is the opposite. It has a simple job to present useful financial information to be used by potential investors. Making analytical conclusions of a company’s success will only hurt the members of an accounting discourse. Verbal communication in accounting is important, but numerical statistics that present relevant useful information is the best source of communication. An interview of  Ray Gonzalez, a risk consultant at Deloitte & Touche LLP, explains the type of communication needed by accountants in “The Manager's Role in Financial Reporting: A Risk Consultant's Perspective” is essential to keep clients satisfied. Gonzalez discuses that revenue recognition, timeliness, completeness, and accuracy of financial reporting are essential for communication because these reports become key measures of performance for public companies as well as private companies and partnerships (223). An example of the importance of financial statements as the source of communication is that large investors looking to invest in a company need accurate complete statistics in the correct accounting period in order to make a decision. If they see unclear or incomplete statistics that do not add up to the companies’ suggested success, then investors will turn away.

Being able to have good social skill is always a plus but in accounting its not a necessity. Learning how to use Microsoft word, excel spread sheets, power points or any other accounting software is required to communicate. When communicating statistical information, it needs to be in the simplest form it can be and must be relevant accurate information. Creativity in this field of study is not recommended and it even  might hurt you as an employee.