Here’s a thought-provoking piece with some helpful tools from our friends at EDB Singapore. After you have read it and taken the self-assessment surveys, what will you do next?
Are you and your
business ready for what lies
ahead in Finance & Accounting?
Finance & accounting (F&A) needs
of businesses are evolving as a
result of digitalization,
increasing complexities in
compliance requirements and
demand for data-driven F&A work.
F&A Leaders need to reimagine
operating models, embrace
technology and redesign business
processes to stay competitive.
F&A professionals should upskill
to stay relevant and be equipped
to take on higher-value job
roles. Job roles will undergo
changes and certain job roles
may be at risk of displacement.
To better understand these
changes, take a look at the
In-House F&A Functions Jobs
Transformation Map (JTM)
here that EDB and the
Accounting and Corporate
Regulatory Authority, in
collaboration with Workforce
Singapore and SkillsFuture
Singapore, commissioned Deloitte
to develop.
Out of 20 F&A job roles studied,
the JTM uncovered 16 F&A job
roles that will undergo changes
in job tasks and four job roles
that are at risk of
displacement. Eight emerging job
roles have also been identified,
including Environmental, Social
and Governance Leads and Finance
Transformation Leads. If you are
interested in transformation and
upgrading of skills, try out
EDB’s two complimentary online
Self-Assessment Questionnaires
(SAQ) that measure F&A
sophistication levels and
provide personalized
recommendations.
The Corporate SAQ is targeted at
F&A Leaders to support
transformation within their F&A
function. The Individual SAQ
encourages F&A professionals to
take ownership of their
individual career development
and support their upskilling
journey.
Try the questionnaires here
today. They each will take
under 30 minutes to complete.