Are you developing skills that won't be automated? Let me rephrase the question, what should you learn today so that you will have a job in the future?
With the growth of internet, proliferation of smartphones, and development of machine learning systems,
a lot of repetitive & routine jobs are being automated. Now, more than ever, is the time to develop skills that aren't about to be automated.
Let's see some examples of these skills.
- Communication:
Reporting is impersonal and it's being automated but communication is personal. The ability to communicate compellingly will always be in high demand and hard to automate.
- Content:
We live in the information age and anyone can google search any topic but only those who transit to the conceptual age (where different pieces of information are integrated to add value) early will win.
Expertise and excellence in what you do will still make a big difference in many years to come.
-Context:
Computers can process a lot of information but are very poor at recognizing context, at least for now. The way you communicate your figures depends on who you are relating with at the moment (It could be the auditor, tax man, board or investors). This reminds me of
my experience at the EFCC office sometime ago, I thought I was arguing with my auditor then the Company lawyer that accompanied me said "Bukola, calm down if you want us to go back home today". We went back home 😀
- Teaching:
Those who can identify knowledge gaps in team members and work with them to bridge it will always have an edge over machines.
- Ethical Compass:
This is very important in our profession. DR/CR can do a lot of good and harm but only those with sound moral judgement will have an edge in this age.
From today, start developing these skills and values and you will still be a relevant accountant for the foreseeable future.
Cheers,
• • •
Missing some Tweet in this thread? You can try to
force a refresh
"A tenth of what I earn is mine to keep" is perhaps one of the most profound lessons learnt in the Richest Man in Babylon book.
As simple as the principle is, it will take diligent execution to really unearth the magic in it.
To be clear, the 10% is a minimum which means
that no matter the level of your income, you should save 10%. The 10% is not for rent payment or children's school fees but what you save after meeting all these needs.
If you struggle to save this 10% because the 100% is not even enough, you may have to look for ways to earn
more.
The goal is to strive to even save more. The more you are able to save, the earlier you attain financial freedom. Can you save 20% or 30% or 40%? I know some people that conveniently save 50% every month! Of course they earn well but they are also disciplined and are able
It was an honour to speak at the 4th Annual CFO Africa Conference alongside CFO of ESKOM South Africa, Finance Director of Unilever Kenya, CEO of Botswana Stock Exchange, Finance Director of Cadbury Nigeria amongst others.
I spoke on “Cyber and the CFO” and in this thread I will do a summary of my major talking points.
Many people wonder if there is any correlation between the role of a CFO and a company’s cyber security processes and procedures.
Before digital disruption, CFOs had a clear focus on accounting and bookkeeping, treasury management, budget planning and control, tax and some aspects of strategy planning and execution. But today the boundary and technical goal post of the CFO has changed due to
Here is the most recent ARM's stock recommendation. Don't be too scared to take risk. YOLO!
Personal Note: 1. Don't buy stocks if you can't keep the money away for at least 1 year. If you invest your rent money that is due on 1st January in stocks, it MAY end in premium tears.
2. No amount is too small, just start from somewhere N50K, N100Ketc
3. It is important that you understand the concept behind the investment house's rating. Most times, they rate a stock for a BUY because of a significant UPSIDE POTENTIAL (UPP) that they have estimated could be
realized in one year. So if you buy based on the recommendation, you must be willing to wait for 1 year. Also, their recommendation may change as it is not cast in stone. So they could have recommended a stock for BUY 2 months ago and now recommend for a HOLD or SELL today. Know
Last week, one of our vendors sent an email challenging the WHT deduction on his invoice. Even though the transaction seemed straight forward to me and didn’t quite expect any challenge from the vendor, he insisted we were wrong.
I asked my payable accountant to respond and explain why the deduction was right. He did but the vendor countered his argument in another email. The Accountant then responded again with a simple analogy and so the matter was laid to rest.
Minutes after he sent the final email to this vendor, he came to me and said “I think this knowledge that will so often take for granted is not so common after all”
There’s someone reading this post that feels he/she is not adding value at work. You see, you are adding value,
On Monday, I wrote an exam that required a lot of calculations. But guess what? All formulae required to do the calculations were provided in the formula sheet. Just turn to the formula page and apply them.
Does it now mean everyone that wrote the exam would pass? NO! What was being tested was the application of the answer that you just calculated! So, the answer is -1.63%, that's fine! But what does it mean? What decision can you make from the answer you just got?
Can you tweak a little bit to get 2.5% and what will that mean?
Application! Application!! Application!!!
We can't over emphasize this. The examiner knows that in real life, there are software/ERPs that will calculate that answer for you in seconds,
On 14th September 2009, exactly 10 Years ago, I walked into Golden Gate Restaurant, the venue of KPMG Audit Trainee Program. We used to call it KBAC back then.
We were there for three weeks and it was an awesome experience. For a graduate of Chemistry, everything taught was
Greek at first but the instructors were amazing. Instructors like Yomi Ajijola, Chineme Nwigbo really did their best to impart accounting knowledge. They made the program really worthwhile.
I am here this morning to celebrate my 10th anniversary of work. It has been wonderful, explosive, powerful and life changing.